July 27, 2007

• Kevin Morrow will replace Bruce Moran as president of Live Nation New York. Moran is now president of the company's Latin American division. (Billboard.biz)

• It's closer to official: Guitar Center's filed a proxy statement that should lead to an acquisition by VH AcquisitionCo, Inc, a division of private equity firm Bain Capital Partners. Shareholders are being offered $63.00, an 8.4% premium over yesterday's close and 26% higher than the price the day before the deal was announced. (Schedule 14A at SEC.gov)

• It's not completely official, but word is that eMusic and AT&T will launch a mobile download service on July 31. Subscribers will get five downloads per month for $7.49. Four handsets (three Samsung and one Nokia) will initially support the service. The tracks will be DRM-free, as is the standard with eMusic. Thanks, but I'll stick with my 65 downloads for $15 plan online. (Boy Genius Report)

• "No genre has been better at developing arena-level headliners in the past decade as has country music." (Miami Herald)

• Clear Channel reported a 19% increase in earnings in spite of flat radio revenues. (AP)

• "It's money over music for many players in today's hip-hop world." (Hartford Courant)

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Posted by Glenn at 8:35 AM | | | Touring | eMusic