Warner Music Group Sale Approved

Warner Music Group Sale Approved
Warner Music Group
shareholders have approved the recent $3.3 billion purchase of WMG's recorded music and publishing divisions by Access Industries. The transaction is expected to be completed later in the third quarter, and shareholders will receive $8.25 per share in cash at the closing of the deal. (7/6)

Eminem Recovers 1 Million Downloads
Eminem
's GRAMMY-winning Recovery has become the first album to sell 1 million downloads in the United States, according to Nielsen SoundScan. Overall, the album has sold more than 3.9 million units to date, including physical copies. Only 12 titles have reached the 500,000 downloads mark since Nielsen began tracking digital album sales in 2005. Adele's 21 is expected to surpass 1 million downloads next week. (7/6)

Teenage Hearing Loss On The Rise
A recent study from the Journal Of Adolescent Health has found that noise-induced hearing loss among adolescents doubled between 1985–2008, according to TheDaily.com. Those who use MP3 players were 80 percent more likely to experience hearing damage. Researchers at the University of Colorado Boulder found that while most people can use MP3 players for an average of 4.6 hours a day at 70 percent volume without experience hearing loss, 5 minutes of maximum volume listening per day will put them at risk for hearing damage. In the real world of jets, subways and street noise, 70 percent volume is likely consistently exceeded. (7/6)
 

Email Newsletter

Similar Photos