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 | UMG Posts Q2 Loss
July 24, 2008
- Record Labels
The Universal Music Group saw a 5.3% drop in sales to 1.02 billion euros ($1.6 billion) in the quarter ended June 30, from the 1.07 billion euros ($1.4 billion) generated by the company in the preceding quarter. » Full Story |
 | Nas Dethrones Lil Wayne Atop Billboard 200
July 23, 2008
- Record Labels
One rapper replaces another atop The Billboard 200 this week, as Nas' untitled Def Jam album dethrones Lil Wayne's Cash Money/Universal set "Tha Carter III." Nas' album sold 187,000 copies in the United States, according to Nielsen SoundScan, becoming the rapper's fifth No. 1 here.
» Full Story |
 | Miley, Sugarland Vying For Next Week's No. 1
July 23, 2008
- Retail
The Billboard 200 will greet a new No. 1 next week in the form of Miley Cyrus' "Breakout" (Hollywood) or Sugarland's "Love on the Inside" (Mercury Nashville), which are neck and neck on the Nielsen SoundScan's Building chart released today. » Full Story |
 | ABBA Fever Heats Up U.K. Charts
July 21, 2008
- Global
| Retail
The soundtrack of the new movie "Mamma Mia" (Polydor/Universal), featuring ABBA's songs, raced to No. 1 on the compilation chart, for which it qualifies, becoming the overall best-selling album of the week. » Full Story |
 | EMI Offloads U.K. Distribution
July 16, 2008
- Global
| Retail
EMI Music has taken the step of outsourcing its distribution facilities in the U.K. to European logistics firm CEVA, which has struck a deal to take over the U.K. distribution of EMI's CDs and DVDs, with effect from the spring of 2009. » Full Story |
Bertelsmann Sells Music Club Unit
July 11, 2008
- Record Labels
Even as Bertelsmann A.G. considers selling its stake in Sony BMG Music Entertainment, the media giant has agreed to sell its Direct Group North America unit to Najafi Cos., a Phoenix-based private equity firm. Terms of the deal were not disclosed, but it is expected to close in the third quarter this year. » Full Story |
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