Island Def Jam moves into the fan club business
Universal's Island Def Jam launches an internet fan club for Mariah Carey at $35 a year in the US, and expects similar ventures for half a dozen more artists.…
Universal
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Troubles and changes for Universal post-Diller
Liberty Media is suing Vivendi Universal, claiming it misled them over its finances, as Barry Diller has left and Vivendi weighs selling its USA Networks assets.…
Metallica re-sign to Mercury
Metallica have re-signed with Universal's Mercury Records, which has released their records outside the US for fifteen years, ahead of their eighth studio album due 9 June.…
Warners to revamp royalty reporting
Warners has announced voluntary changes to its royalty reporting, including auditor access and interest on underpayments, as Senator Kevin Murray's legal action continues.…
Major label valuations come in low
City estimates put Warner at $3-4 billion, Universal at $6 billion and EMI at around $1 billion, far below earlier valuations.…
D'Arby slags off Universal
Terence Trent D'Arby accuses Universal Germany of illegally selling surplus copies of Wildcard and understating sales to avoid paying royalties.…
50 Cent album aiming for US top spot
Eminem protege 50 Cent's debut album is selling strongly in the US and is likely to top the Billboard Albums chart, despite bootleg copies.…
Movie bosses lobby Academy over 8 Mile
Universal reportedly lobbying Academy voters to nominate Eminem's '8 Mile' for an Oscar, as it missed Golden Globes eligibility.…
P Diddy in talks with Universal over Bad Boy
P Diddy is reportedly negotiating a sale of equity in Bad Boy Entertainment to Universal Music Group, with a deal said to be valued between $20 million and $50 million.…
Tensions at top of Universal
Tensions are reported between Vivendi Universal CEO Jean-Rene Fourtou and Barry Diller over payments tied to a possible sale of Universal's entertainment assets.…
The Cranberries on their split with Island
The Cranberries have parted ways with Island Records, with Dolores O'Riordan criticising the label, and will release one more album on an as yet unnamed label.…
Classic albums to be rereleased on Next Level CD
Major labels plan to release classic albums on Super Audio CD, with EMI remastering Pink Floyd's Dark Side of the Moon and Sony planning fifteen Dylan albums.…