Last week, Epic officially announced its joint venture with Sylvia Rhone: Vested in Culture. In the following exclusive online interview, VIC chairman/CEO Rhone -- most recently president of Universal Motown -- talks about returning to the industry and ramping up New York-based VIC.
Spotify chief executive Daniel Ek on Tuesday said his company expects to pay rights holders to the tune of half-a-billion dollars in 2013. Speaking at the Founders Forum in Los Angeles, Ek said Spotify is projected to pay artists, labels, publishers and other rights holders this year the equivalent to the total amount that the company had paid out since it launched in 2008.
DON OMAR, ROMEO SANTOS, WISIN & YANDEL, JENNI RIVERA TOP FINALISTS FOR 2013 BILLBOARD LATIN MUSIC AWARDS
After leading the 2012 list of finalists for the Billboard Latin Music Awards with 16 finalist nods, Don Omar returns in 2013 with 18 nods, including Artist of the Year; Social Artist of the Year and Streaming Artist of the Year. Following with 12 nods is Romeo Santos, while Wisin & Yandel and the late Jenni Rivera are tied with 11 nods each. Prince Royce and Pitbull, major finalists last year, also returned with 10 and nine nods respectively, while 3BallMTY notched eight.
The majority of Facebook users have, at onetime or another, temporarily unfriended the social network, taking breaks of several weeks or more for a variety of reasons ranging from lack of time to “too much drama,” according to a survey released today by the Pew Research Center. Billboard.biz
Pre-parties, afterparties, brunches, dinners, galas galore -- Grammy Week is the music industry's time to shine. Here's a roundup of everything we know about that's going on.
The digital-led growth seen in Sweden and Norway, driven by early and widespread adoption of subscription services, may look different in other countries. On the back of digital growth, France's total recorded music revenues were down just 4.4% in 2012, according to year-end figures by trade association SNEP. But France, the home market of subscription service Deezer, does not appear to have a subscription-led success story like Sweden or Norway.
Sirius XM Satellite Radio reported record revenue and earnings Tuesday as it opened the door on a new product: Internet radio. The company's 2012 revenue grew 13% to a record $3.4 billion while adjusted earnings before interest, taxes, depreciation and amortization rose 26% to $731 million. Billboard.biz
NEDERLANDER PARTNERS WITH GLORIA AND EMILIO ESTEFAN ON BIOGRAPHICAL BROADWAY SHOW
Superstar couple Gloria and Emilio Estefan have partnered with the Nederlander Organization to develop and produce a Broadway show inspired by their life story and their music. The show, which has been in development for almost a decade, will tell the Estefan’s long road from Cuba to crossover success, integrating the music that Gloria Estefan has made famous during her career.
Britney Spears' manager, Larry Rudolph, said that they are in “deep negotiations” and he’d be “shocked if it didn’t happen.”
DEEZER PARTNERS WITH SMART TVS
Deezer is partnering with LG, Samsung, and Toshiba to deliver its music-streaming service on the companies’ smart TVs. The service, which is now in more than 180 countries worldwide (but still not in the US), has about three million subscribers paying for access to its 20-million-track library.
BMG CHRYSALIS INKS JOINT PUB VENTURE WITH BELLA UNION
BMG Chrysalis U.S. has inked a publishing joint venture with Bella Union Songs, the publishing division of ex-Cocteau Twins member Simon Raymonde’s Bella Union Records. The U.K.-based label was founded in 1997 with a roster that now includes such critical darlings as Fleet Foxes, Beach House, Father John Misty, The Walkmen, Explosions in the Sky and Flaming Lips, among others.
LIBERTY CONFIRMS VIRGIN MEDIA BID
John Malone’s Liberty Global has confirmed an agreed $23.3bn cash and stock bid for Virgin Media, the UK cable operator, offering $47.87 a share in a move that will upend competition in the UK pay television, broadband and telecoms market. With a successful entry into the UK taking Liberty Global’s reach to 25m customers, Malone would be the dominant player in the European television market with cable assets in Germany, Belgium, and other European countries. Liberty is SiriusXM’s majority shareholder.
YOUTUBE TO LAUNCH NEW COUNTRY CHANNEL
As it continues a bid to woo viewers from television by offering original content of its own, YouTube is launching a channel Wednesday dedicated to country music and its fans, with programming created and produced by Nashville artists and firms. YouTube has partnered with Los Angeles entertainment firm Greenlight Media & Marketing LLC to create the Country Now channel to produce at least eight shows, or about 20 hours of original programming, for the channel.
TWITTER GIVES VINE AN NC-17 RATING
After a dustup over pornography showing up on Vine, the new and much-talked-about Twitter-owned video-sharing app has added an age rating for possible adult content. The app for iPhone and iPod Touch, which lets anyone create and share six-second clips, quickly became a popular venue for pornography after its release last month. As first noted by The Verge, Twitter released a new version today that requires users to confirm that they are at least 17 years of age; the previous version described itself for users 12 and older.
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