Starbucks signs first developing artist: Hear Music, the label started by Concord Music Group and Starbucks, has signed Hilary McRae as the company’s first developing artist. As far as the future of the label, Lombard says the goal is to release records by eight artists in the next year. (Billboard)
Tension between Epic and Jennifer Lopez: According to insiders Epic Records is fed up not only with J Loâ€™s dwindling album sales, but with the amount of money itâ€™s costing to promote her. â€œShe costs too much money and doesnâ€™t sell enough,â€ says the source, who is familiar with the issue. â€œHer last album cover alone cost $60,000 in hair and makeup, lighting, photographers, re-touching, etc. The video budget was in the neighborhood of $300,000.â€ Lopez performed on â€œGood Morning Americaâ€ earlier this month, and all the costs were absorbed by the label. â€œEpic had to eat the cost for that entire performance”. Her new album ‘Brave’ was her first studio album to not debut in the top 10 on Billboardâ€™s charts.
New signings: Young actress Evan Rachel Wood is reportedly signing with Interscope Records. Story of the Year formerly on Maverick has signed to Epitaph Records. Metal act Gwen Stacy has signed to Ferret Records. Arizona rock act 32 Leaves who is currently in the studio with Elvis Baskette have been upstreamed to Republic Universal.