February 9, 2006

Hits on the exec moves at Interscope Geffen A&M involving Ron Fair, Jordan Schur and Polly Anthony.

• Napster released its third quarter earnings yesterday. The Street concentrated on the 5% gain in late trading yesterday after the company reported a smaller than expected loss. The Associated Press focused on what matters: That mess of an income statement. Napster's loss in the quarter was $17 million. The company's press release touted the 66,000 subscribers added in the quarter -- a 110% year-over-year increase. It's a lining, but not very silver.

• A Manchester record label has been given a £75,000 grant to help find the next Arctic Monkeys and create an onine buzz similar to the one that propelled the Monkeys to the top of the charts. If it were that easy there would be more Arctic Monkeys and Clap Your Hands Say Yeahs. But there are only two of them. Money can buy servers and web designers, but it can't buy those rare types of word-of-mouth-buzz that storm out of left field and catch everybody by surprise. (Manchester Evening News)

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Posted by Glenn at 11:43 PM | | | Music Industry | Universal Music Group