Monday Morning Business Notes, Links
EMI is reportedly prepared to no longer insist that Warner Music Group sell its music publishing ahead of any EMI acquisition of WMG, which says either music publishing company should be sold only if required by regulators. (This Is Money)
Yahoo China has run into the ire of the major music companies. The company will be sued by the majors within a few weeks, says the chairman of the International Federation for the Phonographic Industry. The industry's complain is that Yahoo provides links to illegally copied music. Yahoo is China's second-largest search engine. Baidu, the market leader, was sued last year. (Bloomberg.com)
No details have been given oh exactly how this came to being, but eMusic has discovered 19 Sun Records tracks that have never been released. The found songs are by artists such as Charlie Rich, James Cotton, Ike Turner and Bill Justis. The songs will be added to the deep Sun catalog that is already available at eMusic. (Press release)
Handleman, one of the country's leading wholesale music and movie distributors, partly blames a lack of hit albums for its current financial woes. It expects to go through a round of cost-cutting measures that will include closing a distribution center, lowering customer returns and reducing overhead. Employee pensions and health benefits may also be on the cutting board. (The Freep, via Kings of A&R)
The Chicago Sun-Times' Bobby Reed on black country artists. Mentioned is a former Miss America and aspiring country star, Ericka Dunlap. (Chicago Sun-Times)
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