Hicks, McHugh Depart Island Def Jam

Hicks, McHugh Depart Island Def Jam

Hicks, McHugh Depart Island Def Jam
Island Def Jam
Executive Vice President Chris Hicks and Senior Vice President of Film, TV and Soundtracks Jonathan McHugh have left their posts with the company, according to Billboard.biz. Hicks will go on to pursue several specific projects and will continue to work as a consultant for the company on a number of projects, including Justin Bieber. The report also confirmed yesterday's news that approximately 20 Island Def Jam employees have been let go, spanning promotion, marketing, administration, and information technology departments. (8/16)

Hastings Reports Decrease In Music Sales
Entertainment retail store Hastings Entertainment reported a 5.7 percent decrease in music sales for the second quarter ending July 31 and a 2.1 percent decrease for the first six months of 2011, smaller losses compared to the year-ago periods when music sales were down 7.5 percent and 6.1 percent, respectively. Total revenue reached $110.5 million in the second quarter, down 7.2 percent compared to $119.1 million in the year-ago quarter, and the company reported an overall net loss of $4.1 million, a wider deficit compared to the $100,000 reported in 2010. (8/16)

Jay-Z, West Break ITunes Record
According to sources cited by Billboard, GRAMMY winners Jay-Z and Kanye West's Watch The Throne sold approximately 290,000 downloads at the iTunes Store for the week ending Aug. 14, breaking iTunes' single-week U.S. sales record that was previously held by Coldplay's Viva La Vida Or Death And All His Friends, which sold 282,000 units during its first week in 2008. Watch The Throne was made available exclusively at iTunes from Aug. 8–11 prior to its full release on Aug. 12, and analysts are projecting the album will debut at No. 1 on the Billboard 200 with first-week sales reaching approximately 450,000. (8/16)

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