Category: Financial/Legal

NMPA Sues Limewire

Eight members of the National Music Publishers’ Association (NMPA) today (6/16) filed a lawsuit against LimeWire for copyright infringement of their musical works on a massive scale. NMPA President and CEO David Israelite announced the action today at the NMPA’s Annual Meeting in New York City. The plaintiffs – EMI Music Publishing, Sony/ATV Music Publishing, Universal […]

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Forbes Ranks Top Earning Country Stars

Forbes has released its annual listing of Country Music’s Top Earning Stars. The article notes that country fans are often loyal to their favorite artists for a long time, “Fame in Nashville seems to come with an irrevocable ticket into the hearts and wallets of country fans who, like the heroes of a sad song, […]

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CMA Sues Fest Shirt Sellers

[Nashville Post] The Country Music Association has asked a court’s help to stop trademark infringement on the sale of CMA Music Festival merchandise. The CMA filed suit in U.S. District Court Wednesday, the day before the start of its headline event, claiming that various vendors have at past CMA Music Festivals have sold counterfeit T-shirts and […]

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Bug Music Reportedly On The Block

The New York Post is reporting today (6/2) that Bug Music, one of the world’s biggest independent music publishers, is being shopped by JPMorgan Chase, with an asking price of $300 million. In the chase for the firm are several big record companies including Warner Music Group, Universal Music Group, Sony/ATV Music and a joint […]

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Asset Mgt. Firm Eyes EMI Music Publishing

The New York Post is reporting today (5/27) that asset management firm Kohlberg Kravis Roberts (KKR) is in talks to buy a stake in EMI Music Publishing and combine those operations into a separate entity that would be 51 percent controlled by EMI, with the rest being controlled by KKR-owned BMG Rights Management. Post sources […]

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Court Rules Against Peer-To-Peer Site LimeWire

Online news network CNET is reporting that a federal court has found the company that operates file-sharing service LimeWire liable for copyright infringement. On Tuesday (5/11), U.S. District Judge Kimba Wood granted summary judgment in favor of the RIAA’s claims that Lime Group, parent of LimeWire software maker Lime Wire, and founder Mark Gorton committed […]

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Live Nation; EMI/Terra Firma

Live Nation Entertainment today (5/11) released financial results for the first quarter of 2010, the first earnings report since completing its merger with Ticketmaster on Jan. 25. The company reported a loss of $112 million (76 cents/share) in the quarter that ended March 31, which was more than the prior-year Q1 loss of $102.7 million […]

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Apple Shuts Down Streaming Service Lala

Apple will shut down the recently acquired Lala.com on May 31, 2010, according to a message on its website. The announcement has prompted speculation that Apple is ready to make use of Lala’s staff and technology to roll out its own cloud-based service. Apple acquired Lala in December 2009. Lala allowed users to access their […]

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Finch and Glassco Depart S1/Chrysalis

Music Row has learned more details regarding last week’s acquisition of S1 Songs by Chrysalis Music Group. Leaving S1 Songs will be Senior VP/GM Pat Finch and Donna Glassco, Director Administration. Staying on at Chrysalis will be VP Creative, Abbe Nameche and Catalog Manager Amanda “Jersey” Ross. Both will report to Dale Bobo, Chrysalis Music’s […]

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Concord Music Group Acquires Rounder

The Concord Music Group today (4/14) announced the acquisition of Massachusetts-based independent music label Rounder Records.

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SoundExchange Announces Big Payout

SoundExchange, the non-profit performance rights organization appointed by Congress to pay digital royalties to recording artists and sound recording copyright holders, announced today that it has begun sending out checks in its largest-ever quarterly distribution. A total of $51.7 million in royalties from digital transmissions, including Internet radio, satellite radio, and cable TV music channels, […]

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