Concert Business Posts Record Year: The concert business grossed just under $4 billion worldwide in 2008, the most ever for a year according to Billboard. Bon Jovi’s had the highest grossing tour making over 200 million dollars and drawing nearly 2.2 million fans.

Big Christmas Sales This Week: GNR’s Chinese Democracy sold 55,000 copies this week while Nickelback and Britney Spears are inching towards a million in sales for each of their new releases. AC/DC’s Wal-Mart release is near 2 million copies sold and Taylor Swift has 2 albums on the charts, Fearless sold 330,403 this week and her previous record sold 70,000 copies this week.

Music Labels To Create Video Sharing Site? Sources are saying that major music labels could do a better job creating their own video site ala YouTube. “Sony BMG, EMI, and Universal Music Group are in early talks about forming a joint venture similar in concept to Hulu, the increasingly popular TV-on-the-Web joint venture from News Corp and NBC Unviersal”.