Conan O’Brien signed a $45 million deal to leave NBC after refusing to host the “Tonight Show†in a later time period, according to a person with knowledge of the situation. Jay Leno will return as host on March 1, NBC said.
Since MP3s first became popular a decade ago, music industry executives have obsessed over this question: when would digital music revenue finally surpass compact disc sales? For Atlantic Records, the label that in years past has delivered artists like Ray Charles, John Coltrane and Led Zeppelin, that time, apparently, is now. Atlantic, a unit of Warner Music Group, says it has reached a milestone that no other major record label has hit: more than half of its music sales in the United States are now from digital products, like downloads on iTunes and ring tones for cellphones. “We’re like a… Read more »
Rolling Stone magazine is shrinking with the times. After more than four decades of standing out with a larger format than other magazines, it will step back and look like everyone else starting with the Oct. 30 issue, due out this week. The adoption of a standard format could boost single-copy sales and reduce production costs for advertising inserts such as scent strips and tear-out postcards. The magazine says any cost savings, though, will be offset by the inclusion of more pages and the shift to thicker, glossier paper. Like other devoted readers, Eddie Ward, 35, said he will miss… Read more »
MySpace, the world's largest social networking site, on Wednesday unveiled a long-expected joint venture with all four major music companies in a bid to compete with Apple Inc's market-leading iTunes store. MySpace Music is designed to win fans with a mix of unlimited free music, comprehensive music catalogs, concert tickets, merchandising and other entertainment features. The launch of the new service had been dogged by speculation on the start date and the ongoing search for a chief executive. But the biggest challenge for the new venture was signing a deal with the fourth-largest music company EMI Music, which had held… Read more »
In a dramatic demonstration of the economic toll of digital piracy on the music industry, EMI Group is expected to fire more than a quarter of the London-based company’s employees and radically alter the way it does business to further cut costs. Guy Hands, who was installed as chief executive of the world’s fourth-largest record company after it was bought last year by investment company Terra Firma, is expected to announce cuts of at least 1,500 employees today as part of a major restructuring, two EMI executives said. EMI also will become the first major label to eliminate the large… Read more »
Nick Haley took just 30 minutes to pluck the Brazilian band CSS from obscurity and hurl it into the national spotlight. In September, Haley paired the band’s dance-pop song “Music is My Hot, Hot Sex” with his 30-second amateur video, displaying the capabilities of Apple’s new iPod Touch. The video ends with the lyrics, “My music is where I’d like you to touch.” “I was like, ‘This song is too perfect,’ ” said Haley, 18, by phone from the University of Leeds in England, where he studies politics. “It’s punchy, loud, fast and naughty.” Marketers at Apple headquarters in Cupertino… Read more »
Now that the three young women in Candy Hill, a glossy rap and R&B trio, have signed a record contract, they are hoping for stardom. On the schedule: shooting a music video and visiting radio stations to talk up their music. But the women do not have a CD to promote. Universal/Republic Records, their label, signed Candy Hill to record two songs, not a complete album. “If we get two songs out, we get a shot,” said Vatana Shaw, 20, who formed the trio four years ago, “Only true fans are buying full albums. Most people don’t really do that… Read more »
Modern-rock promotion finds itself at a crossroads as a growing number of terrestrial radio broadcasters tune out the ratings-challenged format. Record companies are attempting to adapt to modern rock’s recent marginalization on the airwaves in major markets like Philadelphia, Miami, New York and Washington, D.C. by emphasizing other options for building buzz. In lieu of airplay, touring, blogs, ringtones, downloads, Internet and satellite radio, videogame tie-ins, alliances with brand marketers, film and TV exposure, sponsorships and placements in commercials all are growing in value. The marketing strategies for a number of big-name rock artists with current or upcoming releases show… Read more »
CANNES, France – In the music business, it’s a vision that may soon be consigned to history: Grandpa slumping into the recliner, closing his eyes and enjoying a favorite rendition of an operatic solo. For music lovers these days, the sedentary lifestyle is out. A generation after the birth of portable tunes on the Walkman, technology has made music available nearly everywhere for today’s on-the-go consumer – and the recording industry sees a new wave to ride. The buzzwords Sunday at the Midem music industry conference in the French Riviera resort town of Cannes were mobile music, seen as the… Read more »
Record labels have historically invested significant financial resources toward new acts’ touring efforts, whether it be $20,000 for a regional van trek or $200,000 for a national bus outing. But in today’s world of shrinking revenue and tight budgets, tour support funds – though almost always recoupable against album sales – are becoming harder to come by. “There’s not as much money at any level, whether it’s signing bonuses, (recording) albums, tour support or anything else,” says Tim DuBois, senior partner of Nashville-based record label Universal South, home of such ascts as Pat Green and Joe Nichols. “But even in… Read more »
