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The new owner of EMI Group PLC has said he will drop artists the music group believes are not working hard enough and will overhaul the company’s own executives’ pay packages, the Financial Times reported Friday. EMI, which has Coldplay, the Rolling Stones and Kylie Minogue on its roster, also threatened to withdraw stars’ lucrative advances if record sales are disappointing, the FT said, quoting an internal memo to staff from the chief executive of the private equity firm that bought the company in August. Guy Hands, the CEO of Terra Firma Capital Partners, said the company would in the… Read more »

Executive said on Monday the music company’s business was poised to rebound as it tapped new revenue streams to counter the decline in sales of traditional CDs. Warner Music, the only publicly listed major music company in the United States, has seen its share price decline as CD sales have fallen. People are increasingly buying music through online downloads rather than physical CDs and records. The company’s third-quarter earnings report, for the three months to June 30, showed a 2 percent revenue decline as growth in digital revenue failed to make up for declining CD sales. To counter this, the… Read more »

Rock and Roll Hall of Fame inductees Chrissie Hynde and Jerry Lee Lewis performed at a concert to benefit a local theater and celebrate the upcoming opening of Hynde’s vegetarian restaurant. Hynde, an Akron native and the lead singer of The Pretenders, presided over a weekend-long celebration of VegiTerranean, her eatery that will feature a blend of Mediterranean and vegetarian cuisine when it opens here in October. The events started with a Friday night acoustic performance, continued Saturday afternoon with the restaurant’s ribbon-cutting ceremony and ended Saturday night with the concert. Hynde handed out bean salsa and other hors d’oeuvres… Read more »

Atreyu’s Lead Sails Paper Anchor rocketed onto Billboard’s Top 200 this week at No. 8, and Billboard’s Rock and Hard Rock Album charts at No. 1, making it the highest-charting album of the band’s career. The debut is also significant in that Atreyu distinguish themselves as one among a very short list of hard rock acts to have debuted in the Top 10 this year. News of the album’s explosive arrival follows a flurry of headline-making moves for Atreyu, who were recently named as a headliner on one of the biggest tours of the new year: “Rockstar Taste of Chaos… Read more »

New York-based buzz band Just Surrender are set to release their second full-length album, “We’re In Like Sin,” through Broken English Records on August 21st. The highly-anticipated record was produced by John Naclerio (My Chemical Romance, Brand New, Senses Fail, Armor For Sleep) and delivers 11 hook-filled tracks. In celebration of the release, Fuse TV will be hosting a listening party for “We’re In Like Sin” on “The Worm” (www.fuse.tv/theworm). The full-album stream will launch at 3 pm EST on August 14th and run up until the August 21st release date. With over one million plays on both their PureVolume… Read more »

Warner Music Group Corp., one of the world’s largest recording companies, said Tuesday its fiscal third-quarter loss widened as more people bought digital music, rather than CDs. The loss for the quarter ended in June was $17 million, or 12 cents per share, versus a prior-year loss of $14 million, or 10 cents per share. Excluding nonrecurring items related to a corporate restructuring and settlement, the loss in the 2007 quarter was $29 million, or 20 cents per share. Revenue declined 2 percent year over year to $804 million from $822 million. On a constant-currency basis, revenue fell 5 percent.… Read more »

In case you haven’t heard, the formerly unsinkable airship of cash known as the music industry is currently crashing down from the heavens in a ball of flames, hurtling toward the Earth at supersonic speeds. In fact, at this point it’s only a matter of time before it smashes into terra firma with the impact of 10,000 atomic bombs, blowing a hole clear through North America, causing the seas to boil and sending clouds of black soot skyward, blotting out the sun and eventually ending life as we know it.At least that’s how the members of Stars see it. “It’s… Read more »

Dave Grohl has been in the rock business for more than 20 years now, and during that time, he’s seen many so-called “musical movements” come and go. Thus, he’s particularly amused by the current generation of emo-punk acts bounding across stages worldwide. After all, he’s been doing this for so long that he remembers emo the first time it came around.”I have a funny relationship with emo,” he said. “I’m from Washington, D.C., and in the mid-’80s, the hardcore scene changed from what it was – Bad Brains and Minor Threat and the Dead Kennedys and MDC – to a… Read more »

The Kurt Cobain documentary which features voiceover from the Nirvana frontman himself is due to be released in the U.S. in October. AJ Schnack’s documentary film Kurt Cobain: About A Son is set to come to cinemas in New York, Los Angeles, and Seattle in early October. According to Schnack’s blog: “The film will open in New York at the IFC Centre on Wednesday, October 3 at Landmark’s Nuart in Los Angeles on Friday, October 5 and in Seattle at Landmark’s Varsity on October 12. Additional cities and dates will be announced soon.” The film sets impressionistic images of Washington… Read more »