Warner Music Group announced yesterday it signed a definitive agreement to acquire the Parlophone Label Group from Universal Music Group for £487 million (around $765 million) in an all-cash transaction. Find out what the situation means for UMG and WMG HERE. 
The Billboard Power 100: Who are the most powerful players in the music business, right now? Who has a vision for the future, and the capacity to make it happen? These are the people who are changing the game. Read this special edition's Letter From the Editor Here. 
Billboard honored Universal Music Group chairman Lucian Grainge and Sony Music chief creative officer Clive Davis Thursday evening at an event in Los Angeles to unveil the second annual Billboard Power 100 list. Execs in attendance included Irving Azoff, Sony/ATV's Martin Bandier, CAA's Rob Light, Big Machine's Scott Borchetta, Glassnote's Daniel Glass and Kobalt's Willard Ahdritz, among many others.
Check out our indispensible 2013 Grammy hub featuring wall-to-wall coverage of the run up to and beyond "music’s biggest night," including: Justin Timberlake’s fans-only show, our comprehensive voter guide, an exhaustive party list and a report on this year's record-setting ad rates as well as the awards itself and backbeats.
Pandora's growth flattened out in January, but Internet radio will continue to grow in 2013 and beyond. Research house eMarketer projects U.S. monthly Internet radio listeners will rise from 132.6 million in 2012 to 176.5 in 2016.
If “power” means moving markets or greenlighting massive spends, Universal Music Group chairman Lucian Grainge -- No. 1 on Billboard's 2013 Power 100 -- demonstrated a staggering penchant for it in 2012. He is a fierce and tireless advocate for the recorded-music business, as he shows in this Q&A with Billboard editorial director Bill Werde.
Justin Timberlake has teamed up with Bud Light Platinum to become the brand’s new creative director, Anheuser-Busch announced Thursday, with a new commercial featuring the singer and his comeback single “Suit & Tie” debuting during Sunday nights’ Grammy Awards.
Influential jazz trumpeter Donald Byrd died on Monday at the age of 80, according to his nephew. Byrd was born Donaldson Toussaint L'Ouverture Byrd II in Detroit in 1932 and began his career with Art Blakey's Jazz Messengers in the 1950s, performing alongside the likes of John Coltrane, Sonny Rollins, Thelonious Monk and Herbie Hancock. While his roots were in bebop he later became equally renowned for soul and funk, and particularly jazz fusion. He went on to become one of jazz label Blue Note's most significant artists, for whom he recorded most of his releases, including the 1973 album Black Byrd, which became the label's biggest ever seller.
The online professional-networking service LinkedIn on Thursday extended its uninterrupted streak of exceeding analysts’ projections for both earnings and revenue. Besides a 66 percent increase in earnings from the previous year, the latest quarter was highlighted by an influx of 15 million accounts to propel LinkedIn’s total membership beyond 200 million. This is the seventh consecutive quarter since LinkedIn’s initial public offering in May 2011 that the company has pulled that off. LinkedIn’s stock has tripled from its I.P.O. price of $45 as its shares surged $11.36, or 9.15 percent, to $135.45 in after-hours trading.
New York Times 
Aerosmith frontman Steven Tyler plans to attend a legislative hearing in Hawaii on Friday on a bill that bears his name and would limit people's freedom to take photos and video of celebrities. Tyler submitted written testimony supporting the proposal, which would allow people to collect damages from someone who photographs them in an offensive way during their personal or family time.
Associated Press 
Paul Epworth has been named producer of the year at the Music Producers Guild Awards, automatically earning him a Brit Award for best producer. The award came in recognition of his work on Florence and the Machine's second album, Ceremonials. Singer Florence Welch praised his lack of "fear or compromise", saying Epworth had given her music "a singular sound". Epworth previously worked on Adele’s 21 album.
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