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Carson Daly's Label Readies Releases


456 Entertainment, the record label started by MTV personality Carson Daly and former Loud Records executive VP Jonathan Rifkind, has signed an exclusive U.S. distribution deal with EMI’s Caroline Records Distribution and is planning its first releases for the fall. The label’s first signees include hip-hop/drum-and-bass artist Photek, whose first single, “We Got Heat,” is due Oct. 6 on 456. A full album, “Do or Die” will be released in early 2004. Other artists on board include Seymour Glass – a New York-based four-piece band that is recording its label debut for an early 2004 release – and the hip-hop… Read more »

News

Drexel Starts Student-Run Record Label


Sony, Universal and Warner Bros. have nothing to worry about, but a university known more for churning out engineers than hit music is starting its own record label. Drexel University’s MAD Dragon Records expects to put out its first CD – a compilation of eight or nine bands – next year. The student-run label will be an integral part of Drexel’s fledgling music industry program, which in only three years has grown from eight students to more than 150. Students will be in charge of artist development, production, recording, marketing, contracts and distribution, while MAD Dragon musicians – also students… Read more »

News

New Napster a Hybrid of Predecessors


Napster may be long dead, but the name and the “kitty” logo of the pioneer online music-swapping program could return to cyberspace before the year is out. Santa Clara-based Roxio Inc., which owns the rights to the Napster name, plans to shelve its current online music service, pressplay, and roll out Napster 2.0 by Christmas, Chris Gorog, Roxio’s chairman and chief executive, told The Associated Press. Gorog was scheduled to announce details of the venture Monday at the Jupiter Plug.IN Conference & Expo in New York. Software maker Roxio acquired pressplay, a joint venture of Universal Music Group and Sony… Read more »

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Sony Reports 98 Percent Drop in Profits


Japanese electronics and entertainment giant Sony Corp. reported a 98 percent decline in profit for the April-June quarter as sales faltered in key businesses such as electronics, video games, movies and music. Sony said Thursday it earned 1.1 billion yen ($9 million) in the first quarter of its fiscal year, down from 57.2 billion yen for the same period last year. Sales for the Tokyo-based company fell 6.9 percent to 1.6 trillion yen ($13.5 billion) from 1.7 trillion yen. Sony set off a plunge in Tokyo share prices in April after it reported a loss in the final quarter of… Read more »

News

Music Business in Misery


When the record industry announced in June that it would begin filing individual lawsuits against hundreds of illegal file-swappers, it was not just a bad PR move, it was a signal that the music business is more desperate than ever. Halfway through 2003, sales continue to slump, down eight percent from the first six months of last year. Three of the ten best-selling albums so far this year were actually released in 2002, and only three artists – 50 Cent, Norah Jones and Linkin Park – managed to sell more than 2 million copies between January and June. 50 Cent,… Read more »

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Mottola Gets Back in the Act


The former music exec, who stepped down as head honcho at Sony Music in January, has teamed up with Universal Music Group to head up a modern-day version of a retro record label. The mastermind behind the careers of Mariah Carey, Celine Dion and Jennifer Lopez will run Casablanca Records, a label founded by Neil Bogart that had its heyday in 1970s with acts like KISS, Donna Summer and the Village People. According to UMG execs, a five-year contract was inked Monday (reportedly to the tune of $50 million), and Mottola is ready to start producing for the New York-based… Read more »

News

The Osbournes Keep Coming Back For More


What’s that old saying – behind every great man there is an even greater woman? Well, that certainly seems to be the case with legendary rocker Ozzy Osbourne and his manager/wife Sharon. Despite her aging husband’s drug addiction, hip problems and overall incoherence, Sharon Osbourne has kept the Ozzman’s feet firmly planted in the heart of the entertainment world. Aside from managing his hectic touring schedule, Sharon also finagled a reality-TV deal with MTV, allowing cameras to capture all the cursing, craziness, and, well, more cursing that fills the Osbourne home on a daily basis. Of course, the season is… Read more »

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Music Labels Step Up Internet Piracy Hunt


The embattled music industry disclosed plans Wednesday for an unprecedented escalation in its fight against Internet piracy, threatening to sue hundreds of individual computer users who illegally share music files online. The Recording Industry Association of America, citing significant sales declines, said it will begin Thursday to search Internet file-sharing networks to identify music fans who offer “substantial” collections of MP3 song files for downloading. It expects to file at least several hundred lawsuits seeking financial damages within eight to 10 weeks. Executives for the RIAA, the Washington-based lobbying group that represents major labels, would not say how many songs… Read more »

News

Sony USA CEO Sees Glimmers Of Hope In Music Sector


Efforts by the music sector to curtail online piracy and develop digital music services like Apple’s iTunes are the first glimmers of hope for the battered industry, the head of Sony Corp.’s U.S. operations said Wednesday. U.S. Chief Executive and Chairman Howard Stringer said at a media breakfast that the April launch of Apple Computer Inc.’s online music service, iTunes, which lets music fans download some songs from all five major record labels for less than a $1 each, was a “sea change” and a “wake-up call.” “Steve Jobs (Apple CEO) has liberated us,” Stringer told media executives and journalists… Read more »

News

The End For Music Retailers?


In late April, Madonna gave a rare in-store concert before 400 fans to plug her new American Life album. Outside the event, which took place at Tower Records in New York’s Greenwich Village, another 2,000-plus fans thronged. For years, Tower has harnessed such star power to burnish its credentials as a purveyor of hipness. “It was the buzz around town,” boasts store manager David Montes of the Madonna love-in. But the splashy appearance obscured a harsh backstage truth: Tower Records is in such deep trouble that its parent, privately held MTS Inc. in West Sacramento, has put the company on… Read more »

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