Cohen To Exit WMG

Cohen To Exit WMG
Lyor Cohen, chairman and CEO of recorded music for Warner Music Group since 2004, will resign from his post, effective Sept. 30, according to Billboard.biz. While details regarding a replacement were not revealed, the report says EMI CEO Roger Faxon, who has announced he will leave his post at the company effective Sept. 28, may be a potential candidate. In the interim, WMG senior executives will report to WMG CEO Stephen Cooper. (9/25)

Feist Wins Polaris Prize
GRAMMY-nominated artist Feist's Metals album was named the winner of the 2012 Polaris Music Prize. The honor recognizes the best Canadian album of the past year across all genres and includes a cash award of $30,000. Other artists nominated for the prize included Cadence Weapon, Cold Specks, Drake, Kathleen Edwards, F***ed Up, Grimes, Handsome Furs, Japandroids, and Yamantaka // Sonic Titan. (9/25)

Spotify To Pay For Radio Streams
Online music streaming service Spotify will begin paying webcasting royalties to SoundExchange for music streamed through the Spotify app's free Internet radio service, according to Billboard.biz. Details regarding the financial terms of Spotify's royalty payments were not revealed. (9/25)  

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