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Amidst news of the company's return to quarterly profit, word this morning that Sony plans to reject calls for a spin-off of its entertainment unit, causing shares to drop even as company execs say they are still reviewing the proposal.
This week, Selena Gomez collects her first No. 1 title on the Billboard 200 with the arrival of Stars Dance. The Hollywood Records release sold 97,000 copies in its first week -- a career-high frame for the singer, according to Nielsen SoundScan.
Spotify, the world's largest music subscription service, more than doubled revenue in 2012 to over $573 million. Although the company lost slightly more money than it did in 2011, there are signs its business model can be sustainable. Numbers from the company's financial statements, filed in Luxembourg, were reported Wednesday by the Financial Times.
The burgeoning legal music industry in India has, thus far, received little attention from the rest of the world. But for global players, there’s a massive opportunity in this fast-growing market -- one that numbers in the billions of dollars, as revenue barriers like piracy and lack of connectivity are removed.
Florida Georgia Line sets the all-time record for the most weeks at No. 1 on Billboard's Hot Country Songs chart, as the duo's "Cruise" notches a 22nd cumulative week at the summit. With its latest week on top, the song passes three other titles that each led for 21 weeks over the chart's 69-year history.
At the Naples, Fla. memorial for Kurz, Suzan J. Bader, president of DSM Producer Inc., remembered Kurz as the “Clarence Darrow of the entertainment industry,” according to a copy of her comments supplied to Billboard.
It's not a revolution – not quite yet anyway. SiriusXM has no reason to sleep with one eye open, but if things keep evolving the way they have been, Radio Free Song Club could be one of the many spark plugs that helps restart the clunking engine of the music business.
Beats Electronics declined to comment on the figures, saying that as a private company, it doesn't share such numbers. But it did point to NPD data that shows Beats is leading the $100-plus headphone industry in the U.S. with more than a 60% market share.
Mr. Farren died after collapsing during a performance by a reconstituted version of the Deviants, the psychedelic band of which he was a member in the ’60s. A friend for many years, Wayne Kramer, a guitarist for the rock band the MC5, said the cause was a heart attack.
New York Times
"I can tell you that they're 100 percent on board and supportive as well as Cherry [Jones, Ol' Dirty Bastard's mother]. This has probably been the most positive experience for the entire family. That's what's going to separate the performance from anything that's been done before because the family is going to be involved in the process, in the creation and the direction of this experience."
The partnership expansion means that Dailymotion’s European music-loving users will be able to get unlimited, on-demand, ad-supported access to Vevo’s catalogue of over 75,000 music videos, concerts and original music programming – which were previously only available to Dailymotion subscribers in the US.
STOP THE PRESSES!
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