EMI's announced need for $555 million from investors on Wednesday reminds us that if there's one positive for the music business it's that it's unlikely to face regulatory scrutiny for being too big to fail.
Record Store Day last Saturday pushed vinyl sales at indie retail outlets up 119 percent and singles sales up 529 percent. Check out our report.
Country songstress Faith Hill says she's open to designing a fashion line if "the right opportunity presents itself." We didn't think that quite qualified as news either, but now you know.
Bruce Springsteen was honored with the Ellis Island Family Heritage Award Thursday, which honors immigrants or their descendants "who have made a major contribution to the American experience." Deserved for sure, but we're guessing virtually everyone living in the United States today is eligible.
Rock poetress Patti Smith, who received an award from royalties collection society ASCAP on Wednesday, said she has struggled through financial hard times in her long career, despite being an icon to many. More proof that the Performance Rights Act could benefit artists at all levels.
A record crowd of 225,000 attended the Coachella music festival last weekend, according to promoter AEG Live. But the company said it would likely kill the All Points West festival in New Jersey, held to disappointing crowds the last two years. Maybe if Ellis Island Family Heritage Award recipient Bruce Springsteen headlined…
Atlanta Rapper B.o.B has the No. 1 single on the Billboard Hot 100 this week with "Nothin' On You" featuring Bruno Mars. As of Friday, the song also topped iTunes' download chart.
Any news we've missed? Comment below.
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