Bronfman Tops UK Music Money List

Bronfman Tops UK Music Money List
Warner Music Group Chairman and CEO Edgar Bronfman Jr. has topped the 2010 Sunday Times Music Millionaires list with a fortune of $2.5 billion. Zomba Group co-founder Clive Calder placed second with a fortune of $2 billion, and rounding out the top five music earners are composer Andrew Lloyd Webber ($1.07 billion), theater producer Cameron Mackintosh ($972.3 million), and Paul McCartney ($727.3 million). (4/23)

Record Store Day Drives Strong U.S. Sales
Sales during the week of Record Store Day were the highest ever in the event's three-year history with sales of 573,000 units at independent record stores in the United States, up from 568,000 units during the same week in 2009, according to Nielsen SoundScan figures. Independent stores' sales increased 12 percent compared to last week, while vinyl sales increased 119 percent and singles saw an exponential 529 percent increase. Overall album sales were up 3 percent compared to last week and chain outlets experienced a 7 percent increase. (4/23)

Producer/Engineer Franco Giordani Dies
GRAMMY- and Latin GRAMMY-winning producer/engineer Franco Giordani died April 19. The cause of death has not been confirmed. He was 45 years old. During his 25-year career, Giordani worked with artists such as Graciela Beltran, Pedro Fernandez, José José, Los Tucanes de Tijuana, and Joan Sebastian, among others. In 2002 Giordani won a GRAMMY for Best Mexican/Mexican-American Album for Lo Dijo El Corazón, and won a Latin GRAMMY for Best Grupero Album for the same recording. "GRAMMY and Latin GRAMMY winner Franco Giordani spent his 25-year musical career as a sought-after engineer and producer," said Recording Academy President/CEO Neil Portnow and Latin Recording Academy President Gabriel Abaroa in a joint statement. "Giordani's expertise and contributions to the recording industry will be greatly missed, and our thoughts go out to his family and friends as we mourn the loss of a true talent." (4/23)

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