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It’s official. Michael Jackson, the self-proclaimed “King of Pop,” is the “King of Sales” this week, but music industry insiders predict he will soon lose the crown to pop teen queen Britney Spears. Jackson’s first album of original music in six years, “Invincible,” sold 366,272 units in the week ended Nov. 4, the first week of its release, topping all other U.S. albums, according to Soundscan, which tracks music retail figures. The pop star made an unprecedented in-store appearance Wednesday at the Virgin Megastore in New York’s Times Square, wearing a shiny royal blue outfit, complete with his signature finger-less… Read more »

Eyeing the music television biz, German media giant Bertelsmann may end up the majority shareholder in fast expanding German music channel Viva if a series of deals come off. Bertelsmann will acquire an 18.9% stake held by U.K. music giant EMI if a proposed merger between Bertelsmann’s music division BMG and EMI goes ahead. Company is considering the acquisition of an additional 12.1% stake held by German music group Edel Music. Listed on Germany’s Neuer Markt exchange, Viva is expanding across Europe and has set up outposts in Poland and Hungary, with Switzerland and Italy to follow this year. Company… Read more »