EMI Reaches Pension Fund Deal

EMI Reaches Pension Fund Deal
EMI Group
has reached a multiyear payment agreement with the trustees of the company's pension fund. The agreement will provide $316 million in additional funding, including an immediate $26 million payment, and the final payment is scheduled for April 2016. The UK Pensions Regulator approves the terms of the agreement, stating, "[The] funding targets are set with appropriate levels of prudence, and we will not hesitate to invoke our powers where necessary." (10/18)

Malone Named Interim Live Nation Chairman
Live Nation
's board of directors announced the appointment of Dr. John C. Malone as interim chairman of the board, effective immediately. Malone will serve in an interim capacity until a replacement for former chairman Barry Diller, whose resignation was reported last month, is selected. (10/18)

Soul Train, ACA, TEC Awards Announce Nominations
Nominations for the 2010 Soul Train Awards were announced today with Alicia Keys and Usher garnering four nods each, Drake receiving three nods, and Erykah Badu, Nicki Minaj, Janelle Monáe, Monica, and Sade receiving two nods each. The awards will air Nov. 28. In related awards news, nominations for the inaugural American Country Awards and the 26th Annual Technical Excellence & Creativity Awards were announced. Easton Corbin and Lady Antebellum led the ACA field with seven nominations each, followed by Carrie Underwood with six nods and Josh Turner with five. The awards will take place Dec. 6 in Las Vegas. TEC Awards nominees for Outstanding Creative Achievement include the Avett Brothers, the producers and engineers for the Black Eyed Peas, tour sound company Clair Brothers, and Green Day. Receiving nominations for Outstanding Technical Achievement were Audio-Technica, PreSonus and Shure, among others. Winners are chosen from votes by The Recording Academy's Producers & Engineers Wing and other professional organizations and will be announced Jan. 14 at the 2010 NAMM Show in Anaheim, Calif. (10/18)

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