EMI's revenues are down 15% but CEO Eric Nicoli isn't worried about it. Nicoli remains typically upbeat, and says the company has made the necessary strategic steps to safeguard its future. "Our industry is changing at an unprecedented pace and we are committed to accelerating the transformation of our business to realise the opportunities before us," Nicoli comments. [Billboard Biz]
EU says OK to Universal BMG publishing deal. UMG successfully bid on BMG Music Publishing in an invitation-only auction last year, offering €1.63 billion ($2.5 billion). [Bloomberg]
With radio programmers still in the pockets of many of the major record labels, up and coming artist looking for their shine, turn to Television to get their music heard. Do you remember a little band called "Phantom Planet"? When their song "California" was used as the theme song for the popular TV drama "The OC" their popularity went through the roof. Wonder what they're doing now that the show is dead? [Reuters]
Will tweens and closeted Sanjaya lovers take the skinny kid with the mop top all the way to Idol's finally? He just may have that much juice, that's if last night's disastrous performance doesn't do him in [AP]
Some big guns came out to honor Atlantic Records founder Ahmet Ertegun [E!]
Is Beyonce moving to Def Jam to be even closer to her boyfriend, Def Jam chief Shawn Carter? God we hope not [SOHH]
Music execs were probably in a serious panic yesterday when they found out their Blackberry service was down. How else would they order the Phantom to pull around to the front of the building? [HDD]
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