Morning Fix: Steve Barnett Officially Head of Capitol; U2's McGuiness On Frank Barsalona; Berklee Study on Music Biz Jobs, Salaries
Morning Fix: Steve Barnett Officially Head of Capitol; U2's McGuiness On Frank Barsalona; Berklee Study on Music Biz Jobs, Salaries

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THE YEAR IN MUSIC 2012: It's been another exciting and tumultuous year in the music business. In our year-end package, we take a look back -- at the year in the business, the charts, the genres, the tours -- but also a look ahead at the execs, the brands, the startups, the tours and the deals to watch for in 2013. Dig in!

WARNER MUSIC BULLISH ON DOWNLOADS, SUBSCRIPTIONS AS DIGITAL REVENUE GROWS: Warner Music Group believes digital music is helping bring growth back to the music business. The company's fiscal year-end numbers show it has benefitted from the surge in subscription services, growth in Internet radio and the continued rise in digital downloads. "All signs continue to indicate the digital is fueling a return to growth in the music industry," CEO Stephen Cooper said during the earnings call Thursday.

BUSINESS MATTERS: 12-12-12 HURRICANE SANDY BENEFIT CONCERT GENERATES UNDERWHELMING SOCIAL ACTIVITY: Wednesday night's Hurricane Sandy benefit concert at Madison Square Garden may have been a middle-aged rock fan's dream concert, but their kids appeared to have tuned out.

L.A. REID WILL NOT RETURN FOR 'X FACTOR' SEASON 3: Epic Records chairman Antonio "L.A." Reid is returning to his day job to invest renewed energy into developing talent. "I have the utmost respect for Simon Cowell, he is the very best and I have had the opportunity to learn so much from him," Reid said. Which raises the question: WHAT WAS L.A. REID'S TRACK RECORD AT 'X FACTOR'? He made season one of "X Factor" look like a factory line for Epic, but how did they fare?

12-12-12' ALBUM SALES AT 40,000 IN PRE-ORDERS: The "12-12-12 The Concert for Sandy Relief" benefit album is already off to a fast start -- even though it hasn't been released yet. Industry sources say that through Dec. 12, pre-orders for iTunes' exclusive digital release of the album number at 40,000. While the Columbia Records set has a published release date of Tuesday, Dec. 18, it could arrive to iTunes sooner. So far, none of its tracks have been put up for individual sale, nor has a tracklist been made public yet.

JENNI RIVERA'S SALES SOAR: Though news of Jenni Rivera's fatal plane crash broke on Dec. 9, the last day of the SoundScan tracking week, her passing still rocked the charts. In that single day, even before Rivera was officially declared dead, her albums sales rose 334% and her downloads increased 1,096%.

BEST BUY FOUNDER EXPECTED TO MAKE FULLY-FINANCED OFFER FOR ELECTRONICS RETAILER BY MID-DECEMBER DEADLINE: REPORT: Best Buy Co Inc founder Richard Schulze is expected to make a fully financed offer to buy the consumer electronics retailer by a mid-December deadline, the Minneapolis Star Tribune reported, citing a source. Schulze's bid would be at least $5 billion to $6 billion, the newspaper reported late Wednesday, citing the source. Best Buy shares jumped 14.5 percent to $13.94 in early trading. At that price, the retailer has a market value of $4.71 billion.

60% OF MUSICIANS WORKED FOR FREE IN PAST YEAR - MU REPORT: New research commissioned by the U.K.'s Musicians' Union suggests that 60% of musicians have worked for free over the past year, and more than half of professional musicians get paid less than £20,000 per year. The MU calls the statistics "ominous for the future of music in the UK . "
Music Week

BUSINESS MOGULS TEAM TO FORM NEW ENTERTAINMENT COMPANY, HAND ENTERTAINMENT: A trio of executives from different industries are teaming together to create a new entertainment company, named HAND Entertainment. HAND, which stands for "Have A Nice Day," is being headed up by sports/entertainment manager Glenn Toby and partner John Rice, Vice President/Chairman of General Electric and rounded out by Cammi Rice, Vice Chairman of Usher Raymond's New Look Foundation. Reps for the company said that HAND will launch with a recording budget in the millions. The label has also inked a deal with their first artist, Chase Dreamz.
All Hip-Hop

ROLLING STONES' FINAL ANNIVERSARY CONCERT OFFERED AS AN INTERACTIVE PAY-PER-VIEW: The pay-per-view delivery of the Rolling Stones' "50 And Counting" show Saturday at the Prudential Center in Newark, N.J., the final installment of a run of dates commemorating the Stones' 50th anniversary, will be an interactive experience for those watching online complete with HD video, DVR functionality and even "instant replay.

US GOVERNMENT TARGETS TORRENT SITES, CYBERLOCKERS AND WAREZ FORUM: In its latest "Out-of-Cycle Review of Notorious Markets" report the United States Trade Representative (USTR) listed some of the world's largest file-sharing sites as venues for prolific copyright infringement. The submissions are supplied by rightsholder groups such as the RIAA and MPAA. marked for further investigation because they "exemplify wider concerns" about issues such as copyright infringement.

- Man Arrested for Trying to Shoplift Miley Cyrus Sex Doll...
- London Fire Brigade offer Coldplay's Chris Martin a home safety visit after cooking disasters
- Oates bites Hall in Ohio altercation
- British man dies after dancing 'Gangnam Style'

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