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Warner Music Sets IPO at 32.6M Shares


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 »

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U2 Celebrate, Encourage Unity During Vertigo Tour Kickoff


San Diego – You know it was a powerful show if every single seat in the arena is still occupied by fans singing at the top of their lungs even after the band is done and the house lights go up. That was the scene Monday at the San Diego Sports Arena, where U2 kicked off their Vertigo Tour with a two-hour celebration of the new and the old and a few favorites in between, including a grand finale of “40” that felt more like the end of an Easter service than a rock concert the night after. “We haven’t… Read more »

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Rob Thomas Sets First Solo Tour


Melisma/Atlantic recording artist Rob Thomas has announced plans for his first-ever solo concert tour. The special 11-city, cross-country itinerary heralds the April 19th release of Thomas’ debut solo album, “…SOMETHING TO BE.” The tour kicks off on Friday, April 15th at The Fillmore in San Francisco and wraps up on April 30th at the 9:30 Club in Washington, D.C. The shows will mark Thomas’ first club tour since matchbox twenty’s first national trek eight years ago. “Lonely No More,” the first single from “…SOMETHING TO BE,” has proved to be an immediate smash at pop radio across the country. The… Read more »

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Ozzy Compilation Offers Ozzfest Tie-In


Los Angeles – Early purchasers of Ozzy Osbourne’s March 22 boxed set, “Prince of Darkness,” will get a little bonus. The initial pressing of the set will include a buy-one-get-one-free coupon for this summer’s Ozzfest, valued at $40. To redeem, customers go to the ozzfest.com Web site and punch in the code on the coupon. The Epic four-disc set covers Osbourne’s solo years. It includes a disc of new recordings by Osbourne of his favorite tunes by other artists, including the Rolling Stones’ “Sympathy for the Devil” and Eric Burdon ‘s “Good Times.” The set’s suggested list price is $49.98,… Read more »

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Sugarcult, Hawthorne Heights Kick Off TAKE ACTION TOUR


The Take Action Tour (www.takeactiontour.com) kicked off in DC with an evening of hard-hitting music from Sugarcult, The Early November, Hawthorne Heights, Hopesfall and Gym Class Heros. The event is the brainchild of Louis Posen, president and founder of punk/hard-core label Hopeless Records. In 1998, five years after forming Hopeless, Posen formed Sub City Records, an offshoot label that donates 5 percent of its prof- its to charity, according to the Web site. In 1999, Sub City took its socially conscious act on the road. The idea of the Take Action Tour is to connect Sub City bands – and… Read more »

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EMI Music Publishing Sets Succession Plan


New York/London – EMI Music Publishing will begin a three-year transition Feb. 1 as it grooms its next chairman/CEO. Roger Faxon, the chief financial officer at London-based EMI Group PLC, will return to the publishing unit in New York – where he had spent three years as CFO – to become its worldwide president/COO and eventual successor to veteran chairman Martin Bandier. Bandier will remain the company’s chairman/CEO until April 1, 2006, when the two will share the CEO title. Faxon will become sole CEO April 1, 2007, while Bandier will remain as full-time chairman until March 31, 2008. After… Read more »

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Jackson Pre-Trial Hearings Set to Begin


SANTA MARIA, Calif. – Prosecutors in Michael Jackson’s child molestation case are pushing to introduce evidence of alleged wrongdoing in the past during pre-trial hearings scheduled to begin Monday. Jackson, 46, is charged with molesting a boy, conspiracy and administering an intoxicating agent, alcohol, to his alleged victim. He faces trial on Jan. 31. The Santa Barbara district attorney’s office is asking the judge to allow evidence that Jackson has committed other sex crimes over the years that went uncharged, such as a 1993 molestation case that was settled out of court. Prosecutors said in their filing that the evidence… Read more »

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Arnold Schwarzenegger Youth Foundation, eBay Kick Off Holiday Charity Auction


Los Angeles – Lucky eBay bidders will have the opportunity to purchase a luxury HUMMER H2 specially personalized with the winning bidder’s name and autographed by California Governor Arnold Schwarzenegger. Proceeds from the sale of these one-of-a-kind sports utility vehicles will benefit After-School All-Stars, The Arnold Schwarzenegger Youth Foundation. Dwayne “The Rock” Johnson, the new National Spokesperson for After-School All-Stars, will also be offering a pair of tickets to the premiere of his new movie Doom and exclusive time with the star to benefit this incredible organization. After-School All-Stars, The Arnold Schwarzenegger Youth Foundation, a nonprofit 501 (c)(3), provides comprehensive… Read more »

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Nirvana's Box Set Finally Released


Seattle – Nirvana’s box set, delayed three years by litigation, was finally released Tuesday, introducing hundreds of thousands of fans to rare recordings and even living-room video of the grunge rockers. The four-disc set, “With the Lights Out,” includes 81 tracks, 68 of them previously unreleased. It was initially planned for release in 2001 – for the 10th anniversary of the album “Nevermind” – but a dispute between Courtney Love, the widow of frontman Kurt Cobain, and the surviving bandmates delayed the project. The sides settled their legal issues in September 2002, allowing work on the box set to resume.… Read more »

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World's First All-Digital Download Label Set for Debut


SANTA MONICA, Calif. – The evolution of digital downloads marks another milestone on November 23, 2004, with the debut of UMe Digital, the world’s first all-digital download label from a major music company. UMe Digital product – individual songs, EPs, and full-length albums – will be distributed exclusively online. With its unparalleled music and video marketing capabilities and the power and scope of UMe to place songs in films and TV shows and commercials, UMe Digital offers unprecedented access and exposure for artists. The releases on UMe Digital will be consistent with UMe’s philosophy of marketing established acts and acts… Read more »

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