Search Results for: sting

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 »

Network Commerce Inc., a provider of Internet commerce tools and services, said on Wednesday it is suing digital music firm Liquid Audio Inc. for allegedly infringing its patent on a way to conduct online transactions. Network Commerce, which was delisted from the Nasdaq in August, said the patent covered a method for online shopping that uses separate servers and a piece of downloaded software to coordinate purchase information. “Despite our notifying Liquid Audio and offering to license the patent, Liquid Audio would not cease its unauthorized use of the patented system,” Network Commerce Chief Executive Dwayne Walker said in a… 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 »

Free speech advocated are concerned that a pair of court decisions in New York and New Jersey could lay groundwork to deny U.S. citizens the same free speech rights on the Internet that they enjoy in the physical world. Both cases involve issues stemming from the 1998 Digital Millennium Copyright Act (DMCA), a law designed to protect copyright holders by prohibiting the creation of technology that can be used to circumvent copyright protections. In one ruling, a New Jersey federal court dismissed a lawsuit brought on behalf of Princeton University researcher Edward Felten, who said they were pressured by the… Read more »

What do “Pretty Woman” Julia Roberts and “The Material Girl” Madonna have in common besides wealth, fame and beauty? They are the two lone superstars to grace this year’s Hollywood Reporter list of the 50 most influential women in show business, a ranking started 10 years ago to shine the spotlight on the women doing great work behind the scenes. Roberts and Madonna, who ranked No. 3 and 42 respectively on the list, however, were just too powerful to ignore, said officials at the Hollywood Reporter. “We try to make room for the women who have superseded the celebrity aspect… Read more »

Columbia Records and Music Choice are announcing the line-up for the December episode of “Street Team,” the next generation of rock & roll television. Episode Eight, airing from December 3, through December 16, features segments with Xzibit, John Mayer, Blaque, and Cypress Hill. Nine young Street Team hosts take television viewers on a first hand trip to a place previously off-limits to most music lovers: backstage, on tour, on stage and in the studio shooting music videos with top artists. Viewers now get a chance to find out what it’s all about from the perspective of their peers: the Street… 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 »

Two court decisions considered victories for the film and music industries could deny U.S. citizens the same free speech rights in cyberspace that they have in the real world, according to copyright experts and civil rights activists. A federal appeals court in New York last week ruled that the controversial 1998 Digital Millennium Copyright Act – which bars creating or distributing technology that can be used to circumvent copyright protections – does not infringe on First Amendment free speech protections of the U.S. Constitution. The court barred Eric Corley, publisher of hacker Web site 2600 magazine, from posting or linking… Read more »

Music service provider Listen.com is set to flip the switch on its new music subscription service Monday, connecting consumers to legal, digital versions of tunes ahead of long-awaited efforts from the major labels. Listen.com said its new digital music service, dubbed Rhapsody, will offer music fans features such as unlimited streams of music, access to more than 50 commercial-free Net radio stations, and a playlist-sharing program that lets people create mixes and send them to friends. But for now, Listen.com says it lacks major-label content that would give it a broad mix of songs from well-known musicians. Sources close to… Read more »

If the Who, Elton John and Abba can be glorified on the theater stage, Gene Simmons sees no reason why he and Kiss can’t get a piece of those Broadway bucks. He plans to work with some of the top names in musical theater to put together a musical about Kiss. Next week, the Kiss bassist will meet with “Beauty and the Beast” director Rob Roth and “Hedwig and the Angry Inch” co-writer Stephen Trask about creating a story for the musical. At this point Simmons is unsure whether Kiss will pen new songs for the project, whether someone else… Read more »