The private equity firm Terra Firma hoping to buy EMI has again extended the deadline for its bid by 10 days. EMI shareholders have until July 29 to accept Terra Firma’s offer.
(BBC)

It has been rumoured that Starbucks is set to sign Joni Mitchell to their Hear Music label. Paul McCartney released ‘Memory Almost Full’ through Starbucks in June and was his highest charting US

Independent and unsigned artists will no longer have to waive digital rights to gain airplay on Clear Channel Radio affiliates. Clear Channel was under scrutiny when it asked artists to forgo their online royalties, particularly as they related to online station simulcasts and on-demand offerings (DMN).

More reading on this topic: Blackmail, Radio Giant Clear Channel Accused Of Making Indie Artists Forfeit Performance Royalty

Prince distributed nearly 3 million copies of his latest album in the UK. According to the paper, 2.81 million copies of the paper were purchased, nearly a record-breaking result. Sony BMG UK, dissolved its one-album contract with Prince following the discovery of the Mail on Sunday plan.