Search Results for: GOLD

New York, NY – Warner Music Group Corp. today announced it will offer 32,600,000 shares of common stock priced at $17 per share. 5,430,000 shares of common stock were reallocated from the selling stockholders to WMG for sale by it in the offering. WMG will use the net proceeds from the offering, plus an amount of cash resulting from a decrease in the cash dividend to be paid to its existing shareholders in connection with the offering and a reduction in other cash payments, to repay approximately $574 million of its indebtedness, the same amount of debt repayment as previously… Read more »

Though they haven’t been a band for about 30 years, The Beatles can’t seem to stop breaking records. They have produced more #1 singles and albums than any other group in history. They were the masterminds behind the most covered song of all time and two of their members have been crowned the most successful songwriters ever. John, Paul, George and Ringo continue to dominate the industry – they have become the first act to earn six of the Recording Industry Of America (RIAA)’s diamond awards for records that have sold 10 million copies. In April, 1, the band’s compilation… Read more »

Washington – Underwriters for Warner Music Group Corp. on Monday set the terms of the record company’s pending initial public offering at 32.6 million shares with an estimated price range of $22 to $24 a share. According to an amended prospectus filed Monday with the Securities and Exchange Commission, 5.43 million of the total shares are being offered by selling holders. Warner Music Group acquired substantially all of Time Warner Inc.’s music division in March 2004 for $2.6 billion. The company is backed by a group of investors that includes the company’s chief executive, Edgar Bronfman Jr., as well as… Read more »

Good Charlotte and Simple Plan have announced presale tickets are available for the opening dates of The Noise To The World Tour: May 03, 2005 – Tulsa, OK – Expo Square Pavilion – Buy Now May 04, 2005 – Oklahoma City, OK – Fairgrounds Arena – Buy Now May 05, 2005 – Kansas City, MO – Memorial Auditorium – Buy Now May 07, 2005 – Springfield, MO – Shrine Mosque – Buy Now

Janet Jackson may be wishing her bodyguards had exerted just a bit more control last Friday. A New York man hit Jackson with a whopping $120 million lawsuit, alleging her security detail gave him such a beatdown outside a New York nightclub that he suffered “permanent damage” according to the New York Daily News. Bronx resident Leonard Salati claims Jackson’s goons grabbed him, put him in a chokehold and then proceeded to start “dragging him down the steps” of the Marquee club on Feb. 4. All this, he claims, because he tried to pass a note to the “Nasty” singer… Read more »

Los Angeles – Welcome to the best sales week of this still-young 2005. Contributing to this buoyant frame are historic chart accomplishments by Tina Turner, the fastest start for the 10-year-old “Grammy Nominees” line of releases and, nestled between those two albums, a not-too-motley week for Motley Crue. Album volume for the week stands at 11.4 million, and 6.9 million of those units sold were current titles. Both figures are high-water marks for the year. The volume of digital tracks, which slipped to less than 5 million last week for the first time since the week ending Dec. 19, is… Read more »

Alexisonfire inherited the screamo crown of Canada this year, knocking it right off the emotionally hardcore heads of their peers. Their sophomore disc, Watch Out!, which the band describes as sounding like “two Catholic high-school girls in mid-knife-fight,” went gold in under three months, even though the band received little radio play. We caught up with lead screamer George Pettit to talk about the finer points of fronting the band and how his success is finally allowing him the chance to move out of his parents’ house. ChartAttack: You guys have had a crazy-good year. Has the success been any… Read more »

New York – Anthemic rock quintet, Embrace has found a lovely home across the pond with Warner Music Group affiliate label Lava Records. The critically acclaimed five-piece will release their epic, chart-topping UK disc Out of Nothing on Lava Records on May 03, 2005. Out of Nothing, which debuted at #1 on the UK album chart, is the band’s best-selling album to date. The album produced by Youth (best known for his work with The Verve, Killing Joke and The Orb) features the band’s signature soaring rock balladry, complete with emotionally charged lyrics and dramatic production. During the recording of… Read more »

Miami, Florida – Following the announcement of his first ever tour of South America, Lenny Kravitz has released the details of the US leg of his world tour. Lenny Kravitz’s ELECTRIC CHURCH: ONE NIGHT ONLY! tour is scheduled to kick off in Dallas, TX on April 5th and will feature the artist performing a series EXCLUSIVE theater dates in 27 cities across the US and Canada. These one-time-only shows promise to be a must-see experience for fans in the US, who have never been able to catch him perform live in such a raw and intimate setting. Tickets will go… Read more »

Artemis Records chairman/CEO Danny Goldberg is leaving the independent label he founded in 1999 due to what sources said Wednesday were “philosophical differences” with its owners. Artemis president Daniel Glass has been elevated to president/CEO of the label, which is the home of such acts as Steve Earle, Pretenders, Kittie and the late Warren Zevon. New Artemis releases from Better Than Ezra, Black Label Society and bluesman Hubert Sumlin are due soon. Goldberg will continue as a consultant. He launched New York-based Artemis after a long tenure as a top executive at the Mercury, Warner, Modern and Swan Song labels… Read more »