GRAMMY winners Coldplay's Mylo Xyloto has sold more than 500,000 downloads in its first week of release, setting a record at iTunes worldwide, according to Billboard.biz.
Live Nation Entertainment is reportedly in discussions with shareholder Liberty Media Corporation that could lead to a private buyout of the concert promotion company, according to a report in the New York Post.
Warner Music Group's Board of Directors has approved the purchase of WMG's recorded music and publishing divisions by Access Industries in an all-cash transaction valued at $3.3 billion.
According to a new report from ABI Research, Google's Android, which shipped 69 million units in 2010, is expected to own 45 percent of the smart phone market by 2016.
