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Warner Music Group 1Q Earnings Plummet


Warner Music Group Corp., home to recording artists such as Red Hot Chili Peppers, James Blunt and Daniel Powter, said Thursday its first-quarter profit fell 74 percent due to fewer albums released during the period and soft domestic and European sales. Its shares fell nearly 5 percent. The New York-based recording company said net income declined to $18 million, or 12 cents per share, from $69 million, or 46 cents per share, during the same period a year ago. Total revenue fell 11 percent to $928 million from $1.04 billion during the prior-year period. Analysts polled by Thomson Financial expected… Read more »

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Who Will Win Best New Artist At The Grammys?


It’s no secret – particularly to various employees at Gambleversity.com, MyBookie.org and/or BetOnAnythingThatMoves.net – that we here at MTV News enjoy the occasional foray into the exhilarating world of wagering. Of course, the key word here is occasional. But with Sunday’s Grammy Awards on the horizon, we convened the MTV News Bet-ological Braintrust – which is really nothing more than a couple of writers and “Hammerin’ ” Hank Goldberg on speakerphone – and determined just which of the Grammy’s 108 categories are most ripe for some sweet speculation. While there are plenty of intriguing possibilities – the battle between Eddie… Read more »

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Oasis to Receive Beatles Honor


Oasis will realise a long-held dream at the 2007 Brit Awards later this month, receiving their Outstanding Contribution award from Ringo Starr himself. The Beatles drummer has been invited to present the band their career prize after Johnny Depp, who had originally been asked to present the award, was forced to cancel his appearance over scheduling conflicts. Oasis are famously big supporters of The Beatles, owing them much musically in their songwriting style, and will be realising a dream receiving the Brit Award from one of their heroes. A source tells The Sun, “It is the ultimate accolade for the… Read more »

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Guns N' Roses in Africa


Guns N’ Roses have been confirmed as the headline act for the My Coke Fest 2007, a music festival set to take place in South Africa. The reformed rockers will be playing Africa for the first time in their careers at two dates, starting April 27th at Johannesburg’s New Market Racecourse and Cape Town’s Kenilworth Racecourse on May 1. The band join a bill which currently features Evanescence and Hoobastank, and should have finally released the long awaited new album “Chinese Democracy” – which has been given a tentative release date of March 6th As previously reported, Guns N’ Roses’… Read more »

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Who's Really #1? iTunes, MySpace Add Confusion


During the first two weeks in January, the most popular album in the country was the soundtrack to “Dreamgirls.” But that statistic was less impressive than it might have been, because for those two weeks, “Dreamgirls” sold around 60,000 copies each week, which made for the two lowest totals for a #1 album in the history of the SoundScan era, which began in 1991. Granted, January is always a pretty slow month for album sales and releases. But around that same time, the new Fall Out Boy album, Infinity on High, leaked online and was one of the most eagerly… Read more »

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Hidden In Plain View Disband


LOS ANGELES CA – Drive-Thru Records’ recording artist HIDDEN IN PLAIN VIEW has decided to disband due to professional and creative differences, it was announced yesterday via the Drive-Thru Records website. The New Jersey based group expressed their gratitude in this statement: “To our families, friends and most importantly, our fans, thank you for all your love and support over the past six years.” HIDDEN IN PLAIN VIEW was formed in Stanhope, NJ by lead singer Joe Reo and lead guitarist Rob Freeman, who met in high school. The group signed to Drive-Thru Records in summer of 2002 and released… Read more »

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FestivalPreview.com Launches News and Community Site


Festival Preview LLC announces the launch of a music festival news, opinion and community website serving “involved” festival-goers, those that attend multiple festivals each year. Demand for the site is indicated by soaring attendance in recent years at North American festivals of every musical genre. “Hanging with your friends and favorite entertainers at live music events is more than a hobby–it’s a lifestyle,” says Festival Preview founder and publisher Dan Ruby. “A community service like Festival Preview is a prime example of how the Internet can enrich people’s lives and give them more of what they want. Covering all music… Read more »

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Nirvana At SXSW? Police At Bonnaroo? Behind The Bogus Festival Lineups


Are the re-formed Smashing Pumpkins set to rock Lollapalooza? Will the long-dormant Police return at Bonnaroo? How about a reunited Nirvana taking the stage at South by Southwest, only with Ben Kweller playing guitar and singing Kurt’s vocals? All three sound too good to be true, little more than the pipe dreams of manic music buffs with way too much free time. But incredibly, they’re all “100 percent confirmed” by sources with intimate knowledge about such things. But don’t go crazy just yet. It’s entirely possible that absolutely none of the above information is true. After all, we’re smack-dab in… Read more »

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Kanye works with Coldplay


Chris Martin will feature on the new Kanye West album, the hip hop icon has revealed. The Coldplay star appeared on “Beach Chair,” a track on Kingdom Come, Jay-Z’s return to the hip-hop world, last year. Kanye has now revealed that he and Martin have recorded a song called “Homecoming,” which is scheduled to be the first single from the follow-up to Late Registration. The LP is provisionally titled Graduation and is tentatively due for release towards the end of 2007, reports Billboard. Kanye is also currently working on a TV show with Rick Rubin and Curb Your Enthusiasm mastermind… Read more »

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Downloads drive Detroit to update audio systems


Struggling U.S. auto manufacturers are hoping music will do for them what it did for Apple after the introduction of the iPod — make them cool. And in so doing, they aim to attract a new generation of car buyers who expect digital entertainment at all times. Two-thirds of 2007-model cars will enable users to connect MP3 players to factory-installed stereos. Leading the charge is Ford Motor, which at the Detroit Auto Show January 9 introduced a new factory-installed, in-car communications and entertainment system called Sync, developed in partnership with Microsoft. While auto manufacturers have offered iPod-integration kits as a… Read more »

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