Japan's Avex Buys Stake In South Korean Firm

Japan's Avex Buys Stake In South Korean Firm

Leading Japanese independent label Avex is buying a 5.81% stake in South Korean label/management company S.M. Entertainment at a cost of ¥176 million ($1.7 million). Avex says the two firms also plan to work together in other Asian markets, such as China.
Cat Deeley Set To Host Brit Awards

Cat Deeley Set To Host Brit Awards

U.K. TV personality Cat Deeley has been confirmed as the host of the 2004 Brit Awards, set for Feb. 17 at London's Earls Court venue.
The Indies

The Indies

Such books as Justin Goldberg's "The Ultimate Survival Guide to the New Music Industry" give tips for navigating through the choppy industry waters.
Air Blows Away Dido's Euro Chart Reign

Air Blows Away Dido's Euro Chart Reign

French duo Air's third studio set "Talkie Walkie" (Virgin) has put an end to Dido's 17-week run at the top of European Top 100 Albums with "Life for Rent" (Cheeky/Arista), which began in early October.
Latin Notas

Latin Notas

The "Marketing to U.S. Hispanics & Latin America" conference discusses how to target particular Hispanic demographics.
EMI Shares Rise in London

EMI Shares Rise in London

EMI Group's stock had one of its best days in almost two years today (Feb. 5). During the day, EMI's share price rose to 243p, its highest point in 19 months. The stock closed the day at 231.25p -- up 4.4% over Wednesday's close. More than 24.8 million shares changed hands, vs. a daily average of 16.6 million.
Tower's Restructuring Leads To Chapter 11 Court

Tower's Restructuring Leads To Chapter 11 Court

Tower Records is expected to make a pre-negotiated Chapter 11 filing by the end of the month, sources say. The filing will be made in order to achieve a "cram down" on some bondholders, who are said to control about 3% of the $110 million in Tower debentures.
NAIL Inks Deals With Seven Int'l Labels

NAIL Inks Deals With Seven Int'l Labels

The Northwest Alliance of Independent Labels (NAIL) in Portland, Ore., has signed exclusive distribution deals with seven international labels. None of the labels previously had significant U.S. distribution.
Air Blows Away Dido's Euro Chart Reign

Air Blows Away Dido's Euro Chart Reign

French duo Air's third studio set "Talkie Walkie" (Virgin) has put an end to Dido's 17-week run at the top of European Top 100 Albums with "Life for Rent" (Cheeky/Arista), which began in early October.
UMG Revenues Drop 21% In 2003

UMG Revenues Drop 21% In 2003

Revenues at Universal Music Group slumped 21% in 2003 to €4.97 billion ($6.2 billion). In constant-currency terms, sales were down 12% from 2002.
OutKast Leads RIAA's January Certs

OutKast Leads RIAA's January Certs

OutKast's momentum is showing no signs of slowing in 2004, as "Speakerboxxx/The Love Below" (Arista) was certified eight-times platinum in January by the RIAA.
EMI Shares Rise in London

EMI Shares Rise in London

EMI Group's stock had one of its best days in almost two years today (Feb. 5). During the day, EMI's share price rose to 243p, its highest point in 19 months. The stock closed the day at 231.25p -- up 4.4% over Wednesday's close. More than 24.8 million shares changed hands, vs. a daily average of 16.6 million.

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