Nashville Songwriters Hall of Fame Finds First Home–Music Row
Mayor Karl Dean joined Hall of Fame songwriters Wayland Holyfield, Pat Alger and Kye Fleming and convention center officials today to announce that the Nashville Songwriters Hall of Fame will have its first home in the Music City Center. “The music industry is a vital part of Nashville’s unique culture, and songwriters are often the ‘unsung heroes’ of the business,” Mayor Dean said. “This location at the Music City Center is a fitting space to honor songwriters and their creativity, and it gives both local residents and visitors from out of town yet another reason to stop by...
Read MoreIndie Artist Mumford & Sons Scores Biggest First Week Sales of 2012!–Billboard
It’s official: Mumford & Sons’ sophomore release, “Babel,” has earned the biggest debut of any album this year in the United States. “Babel” sold 600,000 in its first week, according to Nielsen SoundScan, and becomes the rock quartet’s first No. 1 on the Billboard 200 albums chart. It’s also the first No. 1 for Mumford & Sons’ record label, Glassnote Records. Read more.
Read MoreWarner Music Group Head Honcho Steps Down–Billboard
Sept. 24, 2012–Lyor Cohen’s imminent departure from Warner Music Group sent a tremor through the music industry on Monday and sparked speculation on the inevitable management shuffle around the industry to replace the colorful hard-nosed executive. Read more.
Read MoreAnd Then There Were Three… FTC Approves EMI/UNI Merger–Billboard
Sept. 21, 2012–The Federal Trade Commission has weighed in, rubber stamping the EU’s decision to approve the Universal Music Group 1.2 billion euro acquisition of EMI, as expected. The Commission voted 5-0 to close its investigation without taking any action. Read more.
Read MoreA Brief History of Spotify Royalties–Billboard
Aug. 30, 2012–Spotify’s per-stream royalty payments to one independent artist are showing the heft people might have thought impossible just a few years ago. David Harrell of the band the Layaways regularly posts numbers from his band’s CD Baby royalty statement at his blog, Digital Audio Insider. Harrrell’s latest post sums up nearly three years of Spotify royalties. Spotify Grew Fast, Lost Money in 2011 — No Surprises Warning: reading about Spotify per-stream payouts may cause a person to compare these royalties to the revenues of iTunes and CD purchases...
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