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XM Satellite Radio, the leading satellite radio provider, capped its national launch today with celebrations in New York and Seattle in a coast-to-coast culmination of XM’s final 25-city “Power of X” “listen and ride” rollout tour. XM broadcast live today from blues legend B.B. King’s club in New York, where XM presented jazz great Wynton Marsalis with the first New York XM radio as an early holiday gift, and from the Experience Music Project in Seattle, where XM presented the museum with the first Seattle XM radio. The radios can enable any car or home stereo to receive XM’s 100… Read more »

Liquid Audio confirmed yesterday that after reviewing the claims made against the company in a lawsuit recently filed by Network Commerce it believes the complaint has no merit and has accordingly filed a motion to dismiss the case. Liquid Audio filed the motion to dismiss on Nov. 27, 2001 in the U.S. District Court for the Western District of Washington. “Liquid Audio has always respected valid intellectual property rights and is a key innovator in the digital distribution space, creating and licensing new technology to address market needs,” said Leon Rishniw, vice president of Engineering at Liquid Audio, Inc. “We… Read more »

XM Satellite Radio today announced that it placed 10 million shares of its common stock in a public offering underwritten by Morgan Stanley resulting in gross proceeds of $112.5 million to the company. In addition, XM has granted the underwriter an over-allotment option to purchase an additional 1.5 million shares of common stock. The offering is expected to close early next week. Separately, XM today also announced that it has closed a $66 million funding package with Boeing announced in October. The financing package included $35 million in new debt financing with Boeing Capital Services Corporation and $31 million in… Read more »

Roxio today announced that it has signed a definitive agreement to acquire all of the outstanding shares of MGI Software, a provider of visual media software, in a stock-for-stock transaction. Under the terms of the agreement, approximately 2.3 million shares of Roxio stock will be issued to stockholders of MGI at the close of the transaction, yielding an approximate exchange ratio of 0.05269 shares of Roxio for each share of MGI. Based on Roxio’s closing price and the exchange rate on December 3, 2001, this represents a purchase price of approximately $32.8 million. Roxio is already the industry leader in… Read more »

British pop singer Elton John, whose string of hits has made him one of the richest stars in the music business, has said it’s time to let the sun go down on his recording career. He stunned his audience at a weekend concert in the United States by saying his latest album, “Songs From The West Coast,” would be his last, his London-based spokesman said. “I’m fed up with it. I like playing to you guys but I hate the record industry,” said John, who has amassed an estimated 150 million pounds ($210 million) fortune in a career spanning more… Read more »

Once little-noticed for its positive-minded hard-rock and funk blend, the 10-year-old Calabasas-based quintet Incubus broadened its sound a couple years ago and found a winning formula for its memorable riff-heavy, hip-hop-edged songs. Sales of the group’s previous two Epic/Immortal albums have been north of the platinum mark, including the new “Morning View,” and the band closed its first major headlining U.S. tour with a pair of triumphant sold-out homecoming shows in Universal City. With the ascension of Incubus to MTV darling has come the emergence of photogenic vocalist Brandon Boyd as sex symbol and main focus for much of the… Read more »

Curb Records has announced the signing of recording artist Plumb. “I’m really excited,” says Plumb. “After having lunch with Mike Curb and his wife Linda, I knew that Curb Records was the place I needed to be and I feel very comfortable with my decision.” Music-lovers and critics alike have embraced Plumb’s music resulting in a string of hits at CCM radio including “Here With Me,” “Phobic,” “God Shaped Hole” and “Stranded”. Those releases went on to sell in excess of 250,000 units. In 2000, Plumb took home a prestigious Dove Award in the Alternative/Modern Rock Album category for the… Read more »

Christmas came early on Tuesday for hundreds of U.S. troops in Kosovo when pop diva Mariah Carey flew in to perform a festive concert for them. “We want to give them a little glamour,” said the 31-year-old singer, sporting stylish military fatigues for her frontline “day out with the boys in the Balkans.” One of the world’s most successful female artists of the past decade took a chartered jet from London to Skopje and then was off by helicopter for a whirlwind tour of bases in Kosovo. Her top priority, she told Reuters on the flight out, was to boost… Read more »

Dave Matthews Band proved nearest and dearest to the hearts of fans, as their votes gave the Virginia group the bulk of the glory at the My VH1 Music Awards Sunday. Matthews and violinist Boyd Tinsley, accepting on behalf of their bandmates, left Los Angeles’ Shrine Auditorium with three awards – My Favorite Group, Must Have Album for Everyday and Damn I Wish I Wrote That! (Song of the Year) for “The Space Between.” The group was also honored via a win for their fan site nancies.org in the Coolest Fan Website category. DMB and U2 had a pack-leading six… Read more »

Five artistic legends sat alongside President Bush in Washington’s top theater on Sunday night, and were starry-eyed themselves as political and Hollywood heavyweights paid tribute to their glittering careers. Actress Julie Andrews, pianist Van Cliburn, music maestro Quincy Jones, actor Jack Nicholson and opera singer Luciano Pavarotti received the Kennedy Center Honors for their contributions to American culture. “The recipients for 2001 make quite a collection…. As one newspaper put it in the headline, this year’s honorees can carry a tune and then there’s Jack,” Bush told them at a White House reception before the gala. “Perhaps it’s a nice… Read more »