Universal Music Group has sold off its last two remaining EMI assets it was required to divest of as part of its acquisition of EMI’s recorded-music properties, a source close to the situation told Billboard.biz today. The assets are EMI’s European rights to the Now That’s What I Call Music!... Read more...
In an unprecedented deal, Clear Channel, the largest owner of U.S. radio stations, has agreed to pay sound-recording performance royalties to Scott Borchetta's Big Machine Label Group and its artists. The sound recording performance royalty -- which is also known as the artist performance royal... Read more...