Game On! Warner Music has re-signed Lyor Cohen for a five-year contract, and upped the executive to chairman and CEO of recorded music for North America from chairman and CEO of U.S. recorded music according to Billboard. Cohen will get a raise to $3 million from the previous $1.5 million annual salary level. In addition, his bonus is to range from a minimum of $1.5 million to $5 million. The contract also awards Cohen 1,500,000 stock options and 1,750,000 performance-based restricted shares of WMG‘s common stock.
Black Velvet: Great bands always seem to have short shelf life. Apparently Velvet Revolver broke up. Scott Weiland stunned fans at last night’s (Thursday, March 20) VR concert in Glasgow, Scotland, UK by dropping a huge hint the band’s time may be up. He told the sell- out crowd: “You’re watching something special… the last tour by Velvet Revolver.
Dolly Parton Invests in Herself: She has self-released the disc on her own label, Dolly Records, and hired a seven-member promotions team. The album reached No. 2 on Billboard in its second week.
Signings: Philadelphia rock act The Scenic have signed to Victory Records. The band has shared the stage with Saves The Day, All Time Low, Dashboard Confessional, Men Women & Children, and Houston Calls.
New Music: Cash Cash formerly The Consequence has posted new music on their myspace. The band will be releasing their debut in late summer through Universal Republic .
Name That Tune: Check out the article in the Washington Post titled ‘Who Will Emerge as The Future of Radio? The reality looks a lot more like hit radio. The top artists on Last.fm the other week were Radiohead, the Beatles and Red Hot Chili Peppers — not exactly acts unknown to FM radio. Del Colliano believes only Apple could produce the next radio — something providing the serendipity of radio delivered through an infrastructure that already enjoys mass acceptance.
Playlists Are the New Albums? The Washington post posted a column how consumers love to customize and express themselves through playlists. Also, Imeem founder Dalton Caldwell said the music industry has been slow to change. I don’t think these people know how fast technology moves.
For the Love of Money – Now Pierced with Sorrows: Plagued by decades of bad fiscal decisions, the Jackson family is broke. They have fallen far from their days as sequin-studded stage stars who could rake in seven-figure paydays for a single performance says the New York Post.
Recommended Listening: Alternative act There For Tomorrow recorded there debut EP with producer James Paul Wisner (Underoath, Dashboard Confessional) and released the record in 2007. The band has shared the stage with AFI, Taking Back Sunday, Angels and Airwaves, and Buckcherry. Listen to the track Pages.
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