BMG Rights Management has won the auction to acquire Sanctuary, the rock label that was included in the assets that Universal Music Group agreed to divest of in order to win regulatory approval from the EU for its purchase of EMI Recorded Music.
When an injury forced the cancellation of Lady Gaga's “Born This Way Ball” tour yesterday, producers Live Nation Global Touring immediately began the formidable task of shutting down a tour that probably would have grossed $200 million -- easily in the top 20 tours of all time. Live Nation’s Arthur Fogel calls it a situation where “the entertainment business intersects with the realities of life, and the glamorous perception of what touring is like is replaced by the reality that it’s tough.”
WARNER MUSIC'S REVENUE DROPS 1% TO $769 MILLION IN FISCAL FIRST QUARTER
Warner Music Group has a hole where Michael Buble "Christmas" CD sales used to exist. The company's recent acquisition of Parlophone and other EMI assets will help fill that void and them some as Warner revenue dropped 1% in its first fiscal quarter and its net loss grew to $80 million, according to earnings the company released today.
'HARLEM SHAKE': THE MAKING AND MONETIZING OF THE LATEST YOUTUBE DANCE CRAZE
Baauer’s “Harlem Shake” still has quite a ways to go before it becomes the next “Gangnam Style” in terms of total views, but the Mad Decent track became an unexpected viral smash last week at levels not seen since PSY’s American invasion -- and it’s already climbing up the Billboard charts.
Sunday night’s Grammys may have marked the official television debut of Justin Timberlake’s “Suit & Tie," but the real surprise was the news that Target would be carrying an exclusive deluxe version of his hotly anticipated album, “The 20/20 Experience,” with two bonus cuts—“Dress On” and “Body Count” —only available at Target stores
The MC was known for his West Coast diss track and collaborations with Kool Keith and Ultramagnetic MCs. According to reports, the veteran MC whose real name was Timothy Blair, passed away from a seizure following a long battle with diabetes.
"Pitch Perfect" and "Les Miserables" have each sold more than 200,000 this year -- the first time a pair of soundtracks have sold that much, this fast, since 2003. Presently, "Pitch Perfect" is 2013's top selling soundtrack, having moved 256,000. "Les Mis" is the second biggest, with 245,000.
VEVO LOOKS TO RAISE CAPITAL AS IT CONTINUES TALKS WITH GOOGLE
Vevo is about to hit the road in search of equity financing in order to fund its international expansion plans, according to sources familiar with the company’s plans. Vevo, which is currently in heavy negotiations to sew up a new distribution contract with Google’s YouTube network, has approached about a dozen of potential investors.
Universal Music Publishing Group, looking to cash in at a higher level on the YouTube money train, has struck licensing deals with Fullscreen and Maker Studios -- two companies that together account for more than 4 billion video views a month.
"Rainmaker" Amy Thompson -- the manager responsible for Swedish House Mafia's sold-out performance at Madison Square Garden -- has big plans for Vegas' club scene. In fact, she wants to reinvent it.
LUMINEERS, JORDIN SPARKS, RAY PARKER JR. TALK ISSUES WITH U.S. CONGRESSMEN
A bipartisan group of 11 U.S. legislators met with musicians and artist managers in Los Angeles before the Grammys last week. The annual briefings that precede the Grammy Awards gave representatives a chance to hear opinions about performance royalties, ticketing legislation and the wireless white space issue.
YO GOTTI ANNOUNCES CMG LABEL PARTNERSHIP WITH EPIC RECORDS
Yo Gotti has announced a partnership between his CMG label with Epic Records. After posting a picture of himself with Epic Chairman and CEO L.A. Reid to Instagram, Gotti has confirmed that the multi-million dollar, multi-tiered deal will offer a complete distribution and promotional opportunity for his CMG imprint.
Hip-Hop DX 
SXSW RELEASES FULL SCHEDULE, 2000+ BANDS
The SXSW Music Festival Schedule is now live with more artists than you could ever hope to see in a very long grueling weekend. This year, more than 2,000 bands will play on over 100 stages between march 12-17. Overwhelmed attendees can schedule their best efforts online or on the fest’s mobile SXSW GO app. The SXSW Music Schedule will be updated daily.
SONY MUSIC UNLIMITED'S CLASSIC GAME SOUNDTRACK CHANNEL
Classic Game Soundtracks Have Arrived on Music Unlimited Sony released a dedicated Game Music Channel for it's Music Unlimited streaming service, the company announced on its PlayStation blog today. The dedicated Premium genre station currently includes game soundtracks from Assassin's Creed 2, American McGee's Alice, Silent Hill2, Prince of Persia and others.
LOUD & PROUD PARTNERS WITH RED
Loud & Proud Records, which specializes in partnerships with veteran artists, has signed an exclusive, multi-year distribution, marketing and label-services deal with Sony-owned RED Distribution, which will also furnish marketing, promo, PR and ad resources via its in-house agency, 'stache media. L&P previously went through its erstwhile JV partner, Roadrunner.
CHRIS BROWN AND DRAKE LITIGATE OVER NYC NIGHTCLUB BRAWL
Chris Brown and Drake are going after each other in court over their brawl last June at W.i.P. nightclub in New York City, according to TMZ. Romain Julien -- a French model -- filed suit against Brown, Drake and the club for the injuries he claims he suffered during the bottle-throwing fight. Now both Drake and Brown have filed legal docs -- obtained by TMZ -- in which they point the guilty finger at each other. Both Rappers claim they were not responsible for the fight and want the other to pay any damages in the event the model wins his suit.
HEADLINES OF THE DAY
- Inside the Insane Clown Posse iPhone App
- Advice For Aspiring Music Writers: Don't Quit, Just Don't Suck
- BMG jams with Black Sabbath
- LeAnn Rimes Sues Dentist: You Screwed Up My Teeth!
- Showtime’s ‘History of the Eagles’: Soaring, and occasionally still sore
- Madonna Joins Instagram, Begins Posting Pictures Of Her Cleavage & Butt
- Academic paper on mosh pits is published
- Send a letter 'Gangnam Style' – Psy stamps go on sale in South Korea