Tuesday Morning Business Notes
Warner Music Group declared a quarterly dividend of $0.13 per share of common stock. Previously the company announced it would pay out dividends on its common stock in the amount of up to $80 million per year. (Press release)
Wouldn't it be nice? France may force Apple to allow non-iTunes songs onto the iPod. (Wired News)
eMusic, which is now running TV spots on cable channels, has added 40 labels to its roster (including ATO, Morr Music, Wall of Sound, Ultra) and has exceeded 150,000 subscribers. (Yahoo Finance)
A drop in CD sales has caused retail giant Transworld to shift toward DVD and electronics sales. (Video Business)
As it searches for a new chief executive, music retailer HMV rejected a second takeover bid from a private equity firm. (AP)
About 30 fans have bought shares in and funded the upcoming album by Leeds band Four Day Hombre. (BBC News)
The Metropolitan Opera wants to show high-definition broadcasts in major movie chains and commission composers from the world of jazz, pop and Broadway. (Billboard, via paidContent)
RIAA switches legal partners but is fixed on continuing its lawsuits against individuals. (Kansas City Business Journel, via Digital Music News)
Music Groups