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Ten Most Popular Stories This Week On Billboard.biz
Fri, 20 Nov 2009The ongoing negotiations between Terra Firma's and EMI, Vevo's upcoming launch and John Mayer were in the mix of the most read stories on Bullboard.biz this week. Click through for the round-up.
Terra Firma Expects Citigroup To Share EMI 'Pain'
Thu, 19 Nov 2009Private equity firm Terra Firma expects Citigroup to share in the pain of restructuring music business EMI, according to Guy Hands, the buyout firm's founder and chairman.
Jencarlos' ‘Buscame’ Debuts High On Latin Chart
Thu, 19 Nov 2009In what may be the highest-ever first-week position on the Billboard Top Latin Albums chart from a debut act with independent distribution, Jencarlos' "Búscame" debuts this week at No. 2.
Death Row Receives Court Injunction Against New Solutions
Thu, 19 Nov 2009The chief executive of Death Row Records has received a court injunction in New York against the Canadian financial company that bankrolled the acquisition of the rap label in January.
Bon Jovi Comes Full 'Circle' At No. 1 On Billboard 200
Wed, 18 Nov 2009Bon Jovi claims its fourth No. 1 album on the Billboard 200 chart, as its new album "The Circle" lands in the penthouse with 163,000 copies sold, according to Nielsen SoundScan.
John Mayer Likely To Top Next Week's Billboard 200
Wed, 18 Nov 2009John Mayer is on track to debut at No. 1 with "Battle Studies," which could sell somewhere between 275,000 and 300,000 copies by week's end on Nov. 22, according to industry sources. Other artists likely to debut inside the top 20 are Casting Crowns, 50 Cent and Norah Jones.
EMI, Norah Jones Join Hulu
Wed, 18 Nov 2009Hulu has partnered with EMI to offer a Norah Jones channel on the site.
Business Matters: EMI, WMG, Radiohead, Guvera, Gibson
Wed, 18 Nov 2009EMI's debt woes spark a new round of merger speculation emerges; new ad-supported music site Guvera closes in on UMG deal; Gibson Guitars' manufacturing plant in Nashville targeted by government officials, and more.
Reports: MySpace Signs Agreement To Acquire Imeem
Wed, 18 Nov 2009According to reports at TechCrunch and PaidContent, a letter of intent has been signed. The TechCrunch report lists the price at $1 million in cash, while PaidContent says the value of the deal is far higher.
Business Matters: EMI, Comcast, John Taylor, Wolfgang's Vault
Tue, 17 Nov 2009Details behind Terra Firma, EMI talks; Cable operator Comcast is said to be helping Ticketmaster and Live Nation with their merger and has met with the Justice Department; Ten tips that every musician should apply to his/her career, and more.
Citi Rejects Terra Firma's Latest Bid To Save EMI: Report
Mon, 16 Nov 2009Citigroup Inc recently rejected a proposal from Guy Hands' private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI, the Wall Street Journal said on Monday.
@ Media & Money: Keynote Q&A With 'Idol' Judge Kara DioGuardi
Fri, 13 Nov 2009While labels are losing sales and profits, which leaves them with less money to invest in new artists, “American Idol” judge and hit songwriter Kara DioGuardi sees other segments in the music industry stepping in to fill the void.
Donnaruma To Lead Newly Launched Concrete Marketing
Fri, 13 Nov 2009Concrete Marketing is launching a new service, Concrete Compliance, which will be spearheaded by former Sony Music veteran Tom Donnaruma.
UMG Revenue Drops 12% In Q3
Thu, 12 Nov 2009Universal Music Group revenue fell nearly 12% (14% at constant currency) in the third quarter of 2009 and slipped 5% (8.4% at constant currency) through the first three quarters of 2009.
WMG Inks Online Ad Technology Deal
Thu, 12 Nov 2009Warner Music Group has announced a strategic partnership with FreeWheel, an online advertising technology company.
Carrie Underwood Claims Second No. 1 On Billboard 200
Wed, 11 Nov 2009Carrie Underwood's "Play On" bows at No. 1 on the Billboard 200 chart this week, shifting 318,000 copies, according to Nielsen SoundScan.
Analysis: Vinyl, Digital Sales Hit New High Marks
Wed, 11 Nov 2009Vinyl and single track download sales set new records last week, according to data from Nielsen SoundScan.
Business Matters: Qtrax, EMI, MySpace Music, Grand Ole Opry
Wed, 11 Nov 2009Qtrax is reported to have hired a brokerage firm to help raise $50 million; EMI Music has names a new CFO; MySpace Music preps a live webcast of the Grand Ole Opry, and more.
EMI Appoints CFO, General Counsel
Wed, 11 Nov 2009EMI Music has appointed Shane Naughton to the position of CFO and Kyla Mullins as general counsel.
Sony Taps Azuki For Mobile Push
Wed, 11 Nov 2009Sony Music Entertainment has selected Azuki Systems to create mobile versions of select Web sites.
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