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February 04, 2007

Hypebot: Venue/Concert Site, Universal Gains, Capital Appointees, Sony BMG Refiles, 16 Year Old Sues RIAA, Norah Jones Rules Amazon, YouTube Cease & Desist

Weekly music industry news from Hypebot:

Concert giant Live Nation is creating a MySpace for venues and promoters...including the competition.

Universal Music reported small revenue gains.

Jason Flom, the head of the new Capitol Music Group has appointed Lee Trink as President and Jeff Kempler as COO.  The Capitol Music Group was formed last week by the merger of EMI Music’s Capitol and Virgin labels in the US.

Sony BMG has refiled its merger application with the European Union.

A 16 year old is suing the major labels and RIAA for collusion and "a wide-ranging conspiracy to defraud the courts of the United States."

Norah Jones' new third CD has become the hottest selling pre-order in Amazon.com's history.

Talks between YouTube and some larger Indie labels and their new trade group have faltered leading to cease and desist orders from some of the labels.

See ProHipHop's Hypebot Industry News category for past roundups.


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