This Might Hurt a Little: Live Nation Losses Widen…
Live Nation Entertainment is a big merger with big ambitions, but the combination comes with costs. That, coupled with a continued erosion in concert attendance, widened losses during the latest quarter.
Data Don’t Lie: British Recording Sales Up In ’09…
Perhaps the oft-used ‘freefall’ deserves an asterisk. According to lagging data from the BPI, recording sales in Britain actually gained 1.4 percent in 2009, thanks to a quite solid fourth quarter. Overall revenues topped 928.8 million pounds ($1.44 billion) during the period, according to the stats, and digital surged 47.8 percent to 188.9 million pounds.
Universal Music Taps Mozes on Latin Initiative…
Are we speaking the same language here? Now, Universal Music Group is tailoring its marketing towards US-based, Spanish-speaking mobile users, thanks to an expanded relationship with Mozes.
Not As Big In Japan: RIAJ Stats Show Slumping Sales…
Recorded music sales continued to fall in Japan, part of a broader global trend. According to the latest from the Recording Industry Association of Japan (RIAJ), unit sales dropped 10 percent during the first quarter (year-over-year), and 16 percent by trade value.
Irish High Court OKs ‘Three-Strikes’ Protocol on File-Sharing
Ireland’s High Court has approved a settlement that will see Internet service provider Eircom sever the connections of subscribers who fail to heed repeated warnings to stop illegal file-sharing. The court disagreed that handing over the identities of suspected file-swappers to copyright holders by Eircom runs afoul of the country’s privacy laws.
Not As Big In Japan: RIAJ Stats Show Slumping Sales…
Recorded music sales continue to fall in Japan, part of a broader global trend. According to the latest from the Recording Industry Association of Japan (RIAJ), unit sales dropped 10 percent during the first quarter (year-over-year), and 16 percent by trade value.
EMI Bailout Request Now Reportedly at 360 Million Pounds…
Terra Firma chief Guy Hands is now requesting a cool 360 million pounds ($553.7 million) from investors, at least according to the latest from Bloomberg. The amount would potentially keep the wolves at bay until 2015, and avoid relinquishing the property to lender Citigroup. Terra Firma is currently tussling through a contentious lawsuit with the mega-bank, and breached covenants could [...]
But Wait: Outrage on Digital Economy Act Simmering…
Sure, the IFPI, BPI and UK Music love the Digital Economy Bill-turned-Act. But why was this rushed through the legislature? That is a question being asked by thousands of unhappy protesters concerned that a broader level of debate was needed.
Call It a Comeback: Why Train Is Rolling Again…
Nine years after the Grammy-winning “Drops of Jupiter (Tell Me),” Train is rumbling forward with another smash. According to data aggregated by BigChampagne, “Hey, Soul Sister” is currently the top-ranked download on the iTunes Store in the US (an hour-by-hour chart). The song is also most-downloaded on Napster, and ranks 2nd on walmart.com.