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Edgar Bronfman Jr will step down as executive vice chairman of media giant Vivendi Universal next year, leaving flamboyant Frenchman Jean-Marie Messier solo at center stage. Vivendi said on Thursday that Bronfman, head of Canada’s Seagram before it merged with France’s Vivendi last year, would step down at the end of the first quarter 2002, though he would remain non-executive vice chairman of the board. “I deeply regret Edgar’s decision but fully understand his wishes,” Messier said in a statement. he said Bronfman was standing down to spend more time on his “personal and family interests.” It was not clear… Read more »

The Canadian singer, who left the music industry two years ago to start a family with her manager/husband, Rene Angelil, has recorded an album for release in March, her spokesperson said Thursday. Details on the release will be announced in January. After giving birth in January, Dion came out of the woodwork in May to announce that she would end her hiatus in 2003 with a three-year residency at Caesar’s Palace in Las Vegas. Dion will perform a show designed by Cirque du Soleil’s Franco Dragone inside a replica of the Coliseum in Rome. Since then, Dion has taken part… Read more »

Edgar Bronfman Jr will step down as executive vice chairman of media giant Vivendi Universal next year, leaving flamboyant Frenchman Jean-Marie Messier solo at center stage. Vivendi said on Thursday that Bronfman, head of Canada’s Seagram before it merged with France’s Vivendi last year, would step down at the end of the first quarter 2002, though he would remain non-executive vice chairman of the board. “I deeply regret Edgar’s decision but fully understand his wishes,” Messier said in a statement. he said Bronfman was standing down to spend more time on his “personal and family interests.” It was not clear… Read more »

Roxio today announced that it has signed a definitive agreement to acquire all of the outstanding shares of MGI Software, a provider of visual media software, in a stock-for-stock transaction. Under the terms of the agreement, approximately 2.3 million shares of Roxio stock will be issued to stockholders of MGI at the close of the transaction, yielding an approximate exchange ratio of 0.05269 shares of Roxio for each share of MGI. Based on Roxio’s closing price and the exchange rate on December 3, 2001, this represents a purchase price of approximately $32.8 million. Roxio is already the industry leader in… Read more »

Britney Spears’ third album, “Britney”, debuts at no. 1 on the album sales chart this week with 745,744 units sold, more than doubling last week’s top selling album. This gives Britney Spears the second best selling album of 2001 according to Soundscan (the no. 1 best selling album of 2001 goes to her label mates *NSYNC). Beyond all of this, Britney also becomes the first solo female performer in the history of The Billboard 200 to have her first three albums debut in the no. 1 spot. Britney demonstrates the artist’s global appeal with debuts at number one in Canada,… Read more »

Britney Spears’s first live, full-length HBO concert special, Britney Spears Live From Las Vegas at the MGM Grand on November 18, promises to be full of surprises. However, those surprises will not include her highly-anticipated duet with Cher on “The Beat Goes On,” which Spears covered on her 1999 debut album,…Baby One More Time. Cher was forced to cancel the planned duet because of a conflict with the European promotional schedule for her upcoming studio album, Living Proof. “When they asked me, ‘Who would you like to do a duet with?’ I was, like, ‘Please lets do it with Cher… Read more »

CD Warehouse, Inc. announced today that it has executed a letter of intent with Djangos.com, a private company headquartered in Portland, Oregon for a proposed transaction between the two companies. CD Warehouse, Inc. franchises and operates a total of 295 retail music and entertainment stores in 38 states, the District of Columbia, Canada, England, Thailand, Guatemala and Venezuela under the names “CD Warehouse, Disc Go Round, CD Exchange and Music Trader.” Djangos.com owns 19 stores that offer music and entertainment products and also operates an e-commerce website which offers music and entertainment products. Djangos.com has offered $1.50 per share for… Read more »

Cue ear-splitting shrieks from millions of preteen girls. For Lance Bass, as most adults don’t know, is one-fifth of ‘N Sync, the mega-selling boy-band that has helped keep the music industry afloat in recent years. It’s hard to imagine ‘N Sync winning a Grammy Award for its lightweight pop. So – strange but true – Bass is setting his sights on winning a coveted Academy Award from stuffy Hollywood for his role as a moonlighting movie producer. The 22-year-old Mississippi native set up a movie production company earlier this year, naming it A Happy Place, and is holding meetings like… Read more »

There are only two days left to bid on a one-of-a-kind U2 collectible, an artificial pumpkin signed by all four members of the rock group, which is being auctioned online at metromix.com. The current bid stands at $1125 and has attracted interest from U2 fans as far away as Canada and France. The pumpkin, signed by the band during the Chicago stop of their Elevation tour, is carved and inked with an American flag and the U2 Elevation Tour logo by artist Hugh McMahon. One hundred percent of the winning bid benefits the Chicago Remembers Fund – established to help… Read more »

PanAmSat Corporation (NASDAQ: SPOT – news) today announced it will team up with CMT: Country Music Television and MTVi for the live webcast of “The Country Freedom Concert” on Country.com. The concert, which will take place at 8:00 p.m. EDT Sunday, October 21, will benefit The Salvation Army’s Disaster Relief Fund for the victims of the September 11 terrorist attacks. PanAmSat will donate the satellite-based Internet broadcast services. “We are proud to be in a position to use our webcast services and resources in support of a such a worthwhile cause,” said Tom Eaton, PanAmSat’s executive vice president, global sales… Read more »