District Judge Thomas Griesa, who will preside over the trial in federal court in Manhattan, said in a court order on Thursday that because of Grooveshark's actions he will tell jurors they can choose to award the statutory maximum of $150,000 in damages per song. But if the jury awards that amount, Grooveshark's parent company, Escape Media Group Inc, could be...» Read More
After three months of bidding, Warner Music was finally sold to Access Industries' Len Blavatnik for $3.3 billion. Blavatnik, a Russian billionaire with a taste for deal-making is paying a premium of about a third over WMG's average share price, which is certainly good for investors.
Access Industries leads bidding for Warner Music Group after prices were required to be submitted Monday.
Last week, we interviewed Ticketmaster CEO Nathan Hubbard right after the company's announcement of dynamic ticketing. Since tickets are such a big part of being a sports fan, we're continuing that series today — an interview with the CEO of StubHub, Chris Tsakalakis.
The most successful recording artist right now isn't Lady Gaga, Katy Perry or Justin Bieber. It's Adele, a twenty-two year-old British pop star with a deep bluesy voice. Her appeal stretches from teenagers to baby boomers, who find her soulful sound classic and timeless. And that wide demographic appeal is translating into huge chart-topping numbers.
What can you and your company learn from the Fab Four? Two authors set out to research "The Business Wisdom of the Beatles," and if it was possible for you to be, "Bigger than the Beatles."
As the three-month auction for Warner Music Group draws to a close, Yucaipa Companies is the frontrunner. Its $3 billion plus bid would beat a recent offer of $2.8 billion by BMG, a KKR and Bertelsmann joint venture. Both bids are for the whole company.
The auction of Warner Music Group, put on the auction block earlier this year, has edged into the second round, where a sale of the whole company is becoming an increasingly probable scenario.
With the surge of growth in SXSW, though, large companies have invaded the show, looking to capitalize on that same audience, to build awareness for their new products or try to woo some of those evangelists to sing their praises when they return home. Some, though, just want to cash in on the crowd.
The next frontier for digital music is not a tablet or a smartphone, but two items that have been part of everyday life for decades: the car and the television set. The New York Times reports.
There are second acts in American life—and when former Guns N' Roses bassist Duff McKagan's pancreas exploded from years of drug and alcohol abuse in the mid-nineties it seemed like a good time to find one.
A ruling by a federal district court of appeals earlier this week might have significantly affected the lawsuit brought about by former NCAA college football and basketball players against the NCAA, Collegiate Licensing and Electronic Arts for including their likenesses in EA games without being compensated.
There's something about Justin Bieber's overnight success, natural talent, humble beginnings, and funny hair, that's struck a chord amongst tween and teen girls around the world (and their moms). Now this 'Bieber Fever' is heading to movie theaters with "Never Say Never," a 3-D documentary concert film.
After looking things over, AEG decided not to use Ticketmaster's software. Instead, it has teamed up with Outbox, a company partly owned by Cirque du Soleil. Within two years, tickets to events at all AEG venues will be sold using Outbox.
I've watched every episode of American Idol from day 1. That makes me an expert. I tuned in last night with trepidation, as Season 10 will lack the most consistently watchable element of the hit reality contest: Simon Cowell. Would the program be worth my time? Only if it gets mean.
The most popular show on television, American Idol launches its tenth season tonight on Fox. But tonight is a huge test, and Idol may very well be dethroned.
This is Lady Gaga’s second appearance at the International Consumer Electronics Show here at the Las Vegas Convention Center in Las Vegas, Nevada but her first chance to reveal a new line of products.
At a convention filled with tech execs and gadget geeks, a rap superstar with an entourage draws a serious crows and turns a lot of heads. None other than 50 Cent, aka Curtis Jackson is here at CES, and sat down with me for an interview.
There's no doubt, The Beatles have some serious staying power: their music, made forty years before the advent of the iPod, is a huge hit on iTunes. In their first week on the site The Beatles sold more than 450,000 albums and two million individual songs. This squashed concerns that the Fab Four were coming to iTunes too late — that people already owned or had pirated the music.
The book isn't quite tailored for the CNBC audience, is that it doesn't talk much about his varied businesses: running Def Jam or striking a $150 million deal with Live Nation. But if the book mirrors his music's success atop the Billboard charts, then Jay-Z stands to cash in.