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Digital downloads are beginning to level off according to 2 new reports. This isn’t great news for the music industry which depended on the growth of digital downloads to offset a major decline in compact disc sales which were down 25 percent from a peak of 942 million in 2000. Read the full article here.

Island Def Jam has laid off several employees including sales people and A&R’s. The label will also continue to slash underperforming acts from their roster.

According to Reuters EMI is seeking private equity backing to mount a bid for Bertelsmann’s music publishing holdings. This would allow EMI to retain the resources to bid separately for Warner Music.

British consumers are rewarded being the first in the world able to purchase songs instantly as they listen to them on digital radio by utilizing a new download service from UBC Media.

Koch Distribution has announced exclusive North American agreements with three independent record labels. Koch will handle releases from HBD Label Group which focuses on urban and electronic, gospel label Worldwide Music, Inc. and reggae label Taxi Records.

KOAR Higher Learning artist Fermata will be playing a sold out show at the Whiskey tonight (June 27), open to industry. Sony, Hollywood and TakeOver confirmed for attendance. Fermata has also picked up a slot on The Warped Tour, playing the Ventura, CA date on July 11.

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