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Daniel Loeb in his second letter to CEO Kazuo Hirai says that the conglomerate's film and music businesses lack the "discipline and accountability" of many peers.
It's no wonder that Jay-Z signed a partnership deal with the electronics giant Samsung that's rumored to be worth $20 million. The Korean company's advertising spending in 2012 was $4.6 billion, an amount higher than that of Pepsi ($3.7 billion), Coca-Cola ($3.3 billion) and Apple ($1 billion).
On Monday, a former Atlantic Records intern named Justin Henry brought a proposed class action lawsuit on behalf of himself and others similarly situated against the Warner Music Group. The complaint filed in New York Supreme Court seeks to recover claimed unpaid minimum wages and overtime wages.
The recently relaunched Myspace and ABC’s Jimmy Kimmel Live! are teaming up for a yearlong initiative that will bring the show’s extended musical performances to a wider audience.
Warner Music Group has acquired Gala Records Group, the first privately owned record label in Russia, WMG announced today in a statement. The label, launched in 1988, operates distribution, publishing, live production and artist representation businesses in addition to its recorded music division.
Fans of iconic psychedelic rockers Pink Floyd can now stream the band's entire discography for free on Spotify (and Spotify only), thanks to a promotional campaign between Pink Floyd and the music streaming service.
Will iTunes Radio pay off for the music business like executives hope or just for Apple's ecosystem?
Facebook has invited journalists to a Thursday event, promising the launch of a "new product" without providing specifics. The invitation, sent out at the end of last week said that, “A small team has been working on a big idea. “Join us for coffee and learn about a new product."
Universal Music Canada has partnered with PledgeMusic to give its artists access to the direct-to-fan platform and its team. The deal is the first between a major music company and this type of direct-to-fan service.
Black Sabbath have established a new U.K. chart record for the longest gap between No. 1 albums. 13 (Vertigo/Universal) debuted at the summit yesterday (Sunday), 42 years and 8 months after their second album Paranoid hit the peak.
Following in the footsteps of C3 Presents, promoters behind Lollapalooza and Austin City Limits who bought into Big Day Out in 2012, one of the world’s most famous electronic music festivals, Ultra, have announced their intentions to expand down under.
"I've given up at this point," MIA told Radio 1's Zane Lowe. "I keep finishing the record, handing it in, finishing the record, handing it in … I was literally just gonna start making records and putting them out from the bedroom straight on the internet. This is my last stab [at a traditional release]."
Mariah Carey's "#Beautiful" presaged the arrival of a new album from the R&B queen, and she confirmed a release date for her 14th long-player via Twitter earlier this month. But thus far, Mimi's camp has stayed silent regarding the title of the July 23 arrival. So, obviously, this'd be a great time for Walmart to go ahead and leak the thing.
Veteran British rock bands Motorhead and Black Sabbath were crowned the kings of heavy metal on Monday, winning the top accolades at the UK's top metal music awards, the Metal Hammer Golden Gods.
The 17-year-old hip-hop sensation was taken into custody in Illinois on Monday (17Jun13) on a month-old complaint over trespassing, hours after he pleaded guilty in court to separate speeding charges.
Justin was leaving the Laugh Factory around 11:45 PM in his infamous white Ferrari. His pal Lil Twist was there as a passenger, and several paps were on scene shooting the duo.
STOP THE PRESSES!
- ED KOCH'S TOMBSTONE ENGRAVED WITH WRONG BIRTH DATE
- SCIENTISTS BUILT THE FASTEST CAT ROBOT EVER
- ASK SLUG FROM ATMOSPHERE: HOW OLD IS TOO OLD TO BREAK INTO THE RAP GAME?
- AIRBORNE LASER REVEALS HIDDEN CITY IN CAMBODIA
- KARLOVY VARY FEST TO FETE JOHN TRAVOLTA