In The News
• Moody's Investors Service downgraded the debt of EMI Group to speculative-grade, or "junk" status, with a "stable" outlook. Citing an "unfavorable industry environment," the agency says EMI will not generate enough cash flow from operations for an investment-grade rating "for the next couple of years."
EMI says the downgrade will not affect its liquidity or trigger changes in its credit lines.
• A second lawsuit relating to the East Warwick, R.I., fire tragedy at a Great White concert at the Station club targets Anheuser Busch, local radio station WHJY-FM, and station owner Clear Channel Communications, along with other entities named in a previous suit (Billboard, March 15). The suit was filed on behalf of the relatives of Lisa Kelley, who was one of 99 fatalities.
• Artemis Records laid off 10 staffers March 7. The cuts, confirmed by chairman Danny Goldberg, included several of the promotion staff.
• U.S Trade Representative Robert Zoellick and top lawmakers including Sen. Orrin G. Hatch, R-Utah, were joined by the Recording Industry Assn. of America, the Motion Picture Assn. of America, and other entertainment trade groups March 13 to launch the Entertainment Industry Coalition, which sources say plans to support lawmakers in crafting intellectual-property-protection language in future free-trade agreements with other nations.
• A second lawsuit relating to the East Warwick, R.I., fire tragedy at a Great White concert at the Station club targets Anheuser Busch, local radio station WHJY-FM, and station owner Clear Channel Communications, along with other entities named in a previous suit (Billboard, March 15). The suit was filed on behalf of the relatives of Lisa Kelley, who was one of 99 fatalities.
• Artemis Records laid off 10 staffers March 7. The cuts, confirmed by chairman Danny Goldberg, included several of the promotion staff.
• U.S Trade Representative Robert Zoellick and top lawmakers including Sen. Orrin G. Hatch, R-Utah, were joined by the Recording Industry Assn. of America, the Motion Picture Assn. of America, and other entertainment trade groups March 13 to launch the Entertainment Industry Coalition, which sources say plans to support lawmakers in crafting intellectual-property-protection language in future free-trade agreements with other nations.
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Congressional insiders and industry players say that federal lawmakers will put the Inducing Infringement of Copyrights Act, S. 2056, on hold next year until the ......
With Congress under pressure to act, the arm wrestling has begun over the Senate's so-called Induce Bill.
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U.S. Trade Representative (USTR) Robert Zoellick and top lawmakers including Sen. Orrin G. Hatch, R-Utah, will join with the RIAA, the Motion Picture Assn. of ......
Two legislative initiatives affecting the record industry and recording artists await votes on the U.S. Senate floor, while an industry-related House of Representatives measure has ......
The House of Representatives passed S. 167, the "Family Entertainment and Copyright Act of 2005" April 19, which authorizes "civil remedies" for infringement of a ......
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