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The EMI Group, at the center of an acrimonious legal dispute between the buyout house Terra Firma and Citigroup, posted a full-year £1.56 billion net loss and said it needed more money to stay afloat, Reuters said.

There was a time when most aspiring musicians had the same dream: to sign a deal with a major record label. Now, with the structure of the music business shifting radically, some industry iconoclasts are sidestepping the music giants and inventing new ways for artists to make and market their music – without ever signing a traditional recording contract. The latest effort comes from Brian Message, manager of the alternative band  Radiohead, which gave away its last album, “In Rainbows,” on the Internet. His venture, called Polyphonic, which was announced this month, will look to invest a few hundred thousand… Read more »

British police charged singer Pete Doherty with drunk driving, drug possession and driving without a valid license or insurance last Thursday. The Gloucestershire Constabulary said officers arrested a 30-year-old man early Thursday after spotting a car driving erratically in Gloucester, about 100 miles (160 kilometers) west of London. A police official speaking on condition of anonymity in line with departmental policy confirmed the man was Doherty, who played a concert in Gloucester on Wednesday. Doherty’s manager Andy Boyd confirmed Doherty was in police custody and was due to appear in court Friday. He said he had no other details. A… Read more »

Green Day played the biggest show of its week-long tour of the San Francisco Bay Area April 14th, performing its upcoming album, 21st Century Breakdown, in its entirety. After only eight full rehearsals of the opera and those two club dates, the six-piece Green Day – Armstrong, bassist Mike Dirnt and drummer Tre Cool with guitarist Jason White, keyboardist Jason Freese and guitarist Jeff Matika – had the Quadrophenia-like hang of 21st Century Breakdown’s classic rock melodies and lifetime-punk drive down solid. “I”m not fuckin’ around,” Armstrong crowed in “Horseshoes and Handgrenades,” and there was no insecurity in the way… Read more »

Yahoo Inc. is partnering with other online music providers as the Internet giant tries a fresh approach to getting an edge in the evolving digital music business. The new version of Yahoo Music unveiled on Monday, aggregates paid and free music services available on the Internet, allowing Yahoo users to access and interact with the services directly from the Yahoo site. Yahoo has struck commercial relationships with digital music retailers like Apple Inc.’s, collecting a fee for every referral, the company said. The move comes a little over a year after Yahoo announced it was shuttering its own paid-music service,… Read more »

It’s 4 a.m. on the last night of the South by Southwest music conference, and Jim James is belting out Rod Stewart’s “You’re in My Heart.” A few hours earlier, the My Morning Jacket frontman dazzled an intimate crowd at an Austin church with a mostly solo acoustic set, and the full band’s three other performances during the week were some of the most acclaimed of the industry event. But of all the places James could be right now, it’s a cozy terrace suite at Austin’s famed Driskill Hotel, surrounded by a few close friends, a bucket of Miller Lites… Read more »