Category: Financial/Legal

Letter To The Editor Re: Urban At PC Awards

Some members of the music community are riled up over Keith Urban’s acceptance speech for Favorite Male Artist at last night’s (1/6) People’s Choice Awards. On stage at the Nokia Theatre LA Live he thanked fans and said the most important thing to him is that people hear his music, even if they download it […]

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Piracy Report: 2009s Most Downloaded Films

The music industry is not alone when it comes to fighting the revenue-shrinking effects of piracy. Web analysts www.torrentfreak.com, a site dedicated to creating unique information pertaining to filesharing, has released its list of the Top 10 most pirated movies of 2009. The site notes that although Internet piracy from the silver screen increased during […]

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Citadel To File Chapter 11

Citadel Broadcasting plans to file Chapter 11 bankruptcy protection before the end of the year, the Wall Street Journal reports. The radio broadcaster is in talks with lenders over the prearranged bankruptcy plan which has lenders exchanging Citadel’s $2 billion in debt for about 99.5 percent equity in the reorganized company, the Journal said. The […]

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Booming Movie Biz Headed For Biggest Year Yet

Hollywood is on track for its biggest year ever. TheWrap.com reports that domestic box office receipts will zoom past the $10 billion mark for the first time in history by the end of 2010. It’s surprising news considering the recession and the fact that there were almost 20 percent fewer films released in 2009 than […]

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GE Sale Of NBC To Comcast Likely

A deal between General Electric and Comcast to sell TV network NBC Universal to Comcast moved a step closer to reality yesterday amid reports of a key agreement between G.E. and Vivendi, essential to complete the sale. G.E. has offered to buy Vivendi’s 20% stake in NBC Universal for a reported $5.8 billion. Vivendi had […]

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FBMM’s John McCarthy To Retire

After 41 years in business, CPA John McCarthy has announced plans to retire from Flood, Bumstead, McCready and McCarthy, Inc. (FBMM) effective December 31, 2009. He will continue to work as a CPA on a limited independent basis. McCarthy has spent 41 years in the financial management business specializing in tax, audit and financial management […]

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BMI Promotes Jessica Frost

BMI has promoted Jessica Frost to Director, Business Development/Licensing. Based in the organization’s Nashville office, Frost began working for BMI in 1999 as a Customer Relations Executive. She was promoted to Account Representative in 2000, and then was named Account Executive in 2001. She became Assistant Manager, Industry Development in 2003, and was promoted again […]

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File Sharing Harms Paid Music Purchases

Some observers believe that music file sharing can fuel paid purchases because it exposes listeners to new music they might not have heard otherwise. To test this theory, Jupiter Research surveyed 5000 European consumers to see how illegal trading affects music spending and found that the overall impact of file sharing is negative. The results […]

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Nashville Post: FBI Raids Gibson Offices

Iconic company charged with illegal importation of Madagascar wood. Click to go to >>Nashville Post<<

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Live Nation/TM Merger Faces UK Roadblocks

The proposed Live Nation/Ticketmaster merger is facing opposition from the U.K.’s Competition Commission (CC). The organization made a provisional ruling against the merger and released a statement saying it could, “severely inhibit the entry of a major new competitor – CTS Eventim – into the U.K. ticketing market….This could lead to higher net prices (eg […]

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MySpace Purchases iLike, Stops Auto-Song Play

MySpace has purchased music based social networking site iLike for an estimated $20 million. The sites will continue to operate separately but will begin sharing technology, such as iLike’s search capabilities, syndication network and discovery tools. MySpace CEO Owen Van Natta says the acquisition is about technical talent, as well as promoting MySpace across the […]

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