Trans World has posted another loss. CD sales have dropped another 15.1% in the U.S. according to Nielsen Soundscan. This has forced many stores including Trans World, Hastings, and Virgin Megastores to think of new business opportunities. “Trans World has 950 stores and we would expect them to continue to deemphasize music over the next 12-24 months,” said Richard Greenfield of Pali Research during a recent investor note.
The new Mya record apparently was delayed again. On March 5, 2007 the album’s first single “Lock U Down,” a collaboration with Lil Wayne, was sent to U.S. radio but failed to chart or sell noticeably, and thus the album was delayed once again, with a current schedule for a September 18, 2007 .
in2une Music is a new company that offers music promotion and marketing services, artist development, and digital music marketing.
Kyambo “Hip-Hop” Joshua has been named president of Columbia’s urban department.
Mark Cuban the 2.3 billion dollar internet entrepreneur has now claimed the internet is “dead and boring”. “We have reached the point of diminishing returns with today’s internet. The speed of broadband to your home won’t increase much more in the next five years than it has in the last five years. That is not enough to work as a platform for new levels of applications that will require much, much higher levels of bandwidth.”
KOAR recommended artist Cene will be signing to Asylum Records/Atlantic.
American Idol runner-up Blake Lewis signs a record deal with Clive Davis’s Arista.