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Sirius Satellite Radio, the satellite radio broadcaster, today announced it priced a public offering of common stock resulting in gross proceeds of approximately $158 million. The transaction is being underwritten by Lehman Brothers. Sirius will sell 16 million shares of its common stock at a public offering price of $9.85 per share, and has granted the underwriter an over-allotment option to purchase an additional 2.4 million shares of common stock. According to Joseph Clayton, president and chief executive officer of Sirius, “This is an important transaction for Sirius. It funds our efforts well into the second quarter of 2003. We… Read more »

Two days into 2002 and the superproduction group the Neptunes are already carrying out one of their New Year’s resolutions: eliminate the fake. Under their alias, N*E*R*D, an outfit that also includes MC Shay, the Virginians pull the cards of those who front on “Rock Star,” the next single from their long-delayed In Search of N*E*R*D LP. “Basically, it’s about people posing to be something they’re not,” Shay explained. “Posers have always been wack, though,” interjected Pharrell Williams, who sings on the track about how there will be no one left once he and his group “sets it off.” “It’s… Read more »

As Epic Records commitment to artist development continued to flourish in 2001, Epic will bring an entirely new group of exciting artists to the stage in 2002. The Epic team will work as one cohesive unit towards our common goal: helping our artists rise to the top of the marketplace. EPIC RECORDS 2001 RECAP Flickerstick – Winners of the breakthrough VH1 series Bands on the Run released their major label debut Welcoming Home The Astronauts. The album was re-mixed by Tom Lord Alge (Weezer, Blink-182, Marilyn Manson) and includes two new songs, “Execution By X-mas Lights” and “Smile.” Flickerstick will… Read more »

Universal Pictures and producer Brian Grazer are proud to debut the teaser trailer for the gripping new drama “8 Mile,” directed by Oscar ® winner Curtis Hanson and starring rap superstar Eminem. The teaser trailer, which offers a first glimpse into this highly anticipated film as well as a portion of a new song by Eminem entitled “Cleaning Out My Closet,” will make its broadcast debut on “Access Hollywood” on Wednesday, December 19. It will subsequently air on BET’s “NY/LA” on Friday, December 21. Please check local listings for broadcast information on both shows. On Friday the 21st, the teaser… Read more »

Star 98.7’s Not So Silent Night certainly won’t be remembered as the most exciting local holiday concert this year, especially considering the high ticket price and modest artist lineup, though attendees were treated to a sneak of Alanis Morissette’s upcoming third U.S. studio album. The commercial decline of headliner Garbage gave the sold-out event an anticlimactic air. The show opened with the modern folk-rock stylings of singer-guitarist Nelly Furtado, who drew cheers for her hip-hop cover of Missy Elliott’s “Get Ur Freak On,” followed by the bland, middle-of-the-road efforts of New Orleans band Better Than Ezra, who at least included… Read more »

Stuart Adamson, lead singer and guitarist of ’80s pop band Big Country, was found dead in a Hawaii hotel room Sunday, according to the band’s manager, Ian Grant. A Honolulu hotel employee discovered Adamson’s body at approximately 1:15 p.m. local time, according to the police report. On Monday (December 17), the medical examiner determined the cause of death to be asphyxiation due to hanging. Adamson, 43, inexplicably left his Nashville home November 7, and missing persons reports were filed there and in Atlanta, where he watched a soccer match on November 15, according to reports posted on the Web site… Read more »

Punk rock will get its proper place in music history as pioneers the Ramones and Talking Heads are among the inductees into the Rock and Roll Hall of Fame for 2002, it was announced Thursday. Memphis icon and “Shaft” composer Isaac Hayes, rockers Tom Petty and the Heartbreakers and 1960s stars Brenda Lee and Gene Pitney where also voted in. Stax Records co-founder Jim Stewart was named the “nonperformer” inductee, and guitar legend Chet Atkins will be inducted in the “sidemen” category. Artists become eligible for induction 25 years after the release of their first record. Eligible artists who did… Read more »

A few punks, a scruffy “Refugee” and the most sex-crazed chef on television are crashing the Rock and Roll Hall of Fame. Punk rock pioneers the Ramones and Talking Heads, Southern rockers Tom Petty and the Heartbreakers, and soul singer Isaac Hayes will lead the class of 2002 when they are inducted into the rock hall on March 18, organizers announced Thursday (December 13). Other artists recognized include ’60s icons Brenda Lee and Gene Pitney, guitar great Chet Atkins, and Stax Records co-founder Jim Stewart. Atkins, who crafted the sound of country music before moving on to record with Elvis… Read more »

The third time turned out to be not so charming for Now That’s What I Call Music! Vol. 8. For three consecutive weeks, the latest installment in the hits-laden compilation series couldn’t occupy the #1 slot three of its predecessors (volumes 7, 6 and 4) have enjoyed, thanks to Creed’s Weathered, which will remain reigning king of the mountain on next week’s Billboard 200 albums chart. The band’s third album continues to meet staggering sales, moving more than 458,000 copies last week, according to SoundScan figures released Wednesday (December 12). Weathered’s three-week total stands at more than 1.7 million. Now… Read more »

Fortune Magazine named XM Satellite Radio its “Product of the Year,” calling XM “way, way, way above the rest” of 2001’s new technologies. The honor, in an article by Fortune senior editor Peter Lewis, appears in the magazine’s Dec. 24 edition, on newsstands nationwide Dec. 17. “Of all the new technologies of 2001, XM Satellite Radio is way, way, way above the rest. It’s the first major advance in radio since FM emerged in the 1960s, and the best thing to happen to mobile music since the dashboard CD player…” Fortune wrote. “If you spend a lot of time on… Read more »