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Vans, Inc. (NASDAQ: VANS – news) today announced that it has executed agreements to acquire 70% of the VANS Warped Tour(TM) in a two-step transaction with LAUNCH Media, Inc. and the original founders of the Tour. The transaction is subject to certain conditions prior to closing. Under the terms of the new agreement, LAUNCH will operate the Tour this year and will retain the exclusive rights to sell sponsorship for the 2002 and 2003 Tours. The Company stated that it expects the acquisition to be accretive to earnings upon gaining control of the Tour in the summer of 2002.* Gary… Read more »

For the first time in almost four years, one of Australia’s most successful rock bands, INXS, is playing a few shows in North America. But the crowd at their recent Los Angeles stop consisted of about 70 Rhino Records employees and a few reporters, just two of the band’s six members were on stage, and the bespectacled singer looked nothing like Michael Hutchence, the group’s charismatic vocalist. Hutchence committed suicide in November 1997, and his bandmates are having a hard time deciding whether to carry on. In the meantime, they have released a two-CD anthology, “Shine Like It Does,” via… Read more »

Former Beatle George Harrison is reported to have received treatment at a Swiss cancer clinic – his third battle in the past few years against the disease. Just over 18 months ago, the 58-year-old guitarist and singer survived a life-and-death struggle of a different kind, when a knife-wielding intruder stabbed him in the chest at his home near London. The Swiss newspaper Sonntagszeitung reported on Sunday that Harrison had been treated for a brain tumor in a cancer hospital in Bellinzona in southern Switzerland. Cancer specialist Franco Cavalli did not deny he was treating Harrison at the San Giovanni hospital… Read more »

When the wife of heavy metal god Ozzy Osbourne came up with the idea of a tour featuring the heavy hitters of metal and hard rock, the reaction from the concert industry was lukewarm, at best. “In my gut feeling, I felt that it would definitely work, because there was a huge void in the marketplace for it,” Sharon Osbourne recalled. “Not a lot of people in the market agreed with me at the time.” Certainly, no one can disagree with her now. Ozzfest, now in its sixth year, has consistently ranked as one of the top concert draws of… Read more »

Corporate Avenger was dealt another blow this week when lyrics on their upcoming album ignited a rampage within a few national Christian groups. The band has been receiving death-threats due to the album’s content and it seems an ethical frenzy is beginning to snowball around the album. KOCH Records has been asked to halt the album’s release by several organizations and now the groups are taking their fight to the stores intent on stocking the title. Lead by The Promise Keepers and The American Family Organization, religious groups all across the country are banning together to try to keep the… Read more »

On August 7 Jive Records will release Oh Aaron, the follow up album to Aaron Carter’s multiplatinum Aaron’s Party (Come Get It). This thirteen year old pop phenomenon’s Jive debut, Aaron’s Party (Come Get It), peaked at number 4 on the Billboard Top 200 Album Chart. “Oh Aaron,” the first single from the album of the same name, features a video directed by Andrew MacNaughtan. The song and video also feature performances by Nick Carter, of Backstreet Boys, and new Jive Records artists No Secrets. A promo only version of “Oh Aaron” has been shipped to Radio Disney. A home… Read more »

Ben Folds fans will want to circle September 11th on their calendars. The same day the expatriate piano-man drops his solo debut, Rockin’ the Suburbs, will see an augmented reissue of his ex-outfit’s biggest record. Whatever and Ever Amen, originally released by the Ben Folds Five in 1997, is getting a fresh pressing replete with four rare gems, two from the ill-fated final BFF sessions. The album spawned the band’s biggest hit with the reflective ballad “Brick.” Those two tracks, one penned and sung by bassist Robert Sledge (“Prince Charming”) and the other written by drummer Darren Jessee but sung… Read more »

XM Satellite Radio’s second satellite, dubbed “Roll,” has been formally handed over to XM by Boeing Satellite Systems and has begun broadcasting. Roll reached its final position in geostationary orbit at 85 degrees West Longitude, roughly above Detroit. XM took possession of Roll this afternoon, after the spacecraft completed in-orbit testing. According to a company announcement, the satellite, launched May 8, is performing beyond expectations and has begun broadcasting XM’s channels as part of the preparation for XM’s commercial launch later this summer. “Roll’s” sister ship, “Rock” has been at its final position at 115 degrees West Longitude (approximately above… Read more »

Florida Republican Cliff Stearns has introduced legislation Thursday that would exempt digital music, software, and other intangible goods sold over the Internet from sales taxes. The bill, which was co-sponsored by four other legislators, would allow states to impose sales taxes based on the delivery address, electronically delivered music, videos, and other intangibles could be sent tax-free to the buyer’s computer or other Internet device, not to a fixed mailing address. The bill seeks compromise between states that argue they’ve lost revenue to Internet transactions that are now exempt from state taxes and online retailers who say the obligation to… Read more »

Grammy-winning rapper Eminem received one year of probation Thursday for a weapons charge authorities say stemmed from a dispute with a rival Detroit rap group. The 28-year-old star could have gotten up to five years in prison. “Poor judgment is an understatement for what you did,” Circuit Judge Denise Langford Morris said. Eminem, who has come under fire for his violent and anti-gay lyrics, was accused of pulling a 9mm semiautomatic gun in a Royal Oak parking lot during an argument last June with associates of the rap group Insane Clown Posse. Witnesses said Eminem did not point the gun… Read more »