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• Kinetic Records founder and president Steve Lau has bought back BMG U.K.'s 49% interest in the New York-based dance label. The major acquired the stake nearly two years ago. Kinetic continues to be distributed by BMG in the U.S.



The Copyright Office of the Library of Congress seeks written comments and proposals for the scheduling of a new Copyright Arbitration Royalty Panel (CARP) to adjust future royalty rates and terms governing ephemeral recordings and digital transmissions of performances of sound recordings for the 2003-2004 period. Rates will cover non-subscription services that make digital transmissions of sound recordings. Comments are due Dec. 2. Groups wishing to participate in the new CARP need to file by Dec. 23.



• The Eagles will begin a major-market arena tour May 8, 2003, in a city to be determined, according to manager Irving Azoff (Billboard Bulletin, Nov. 20). The band will play 40 dates through the summer and 40 more next fall. A deal for a promoter has not been set. The Eagles will issue a new album next fall on an indie label Azoff calls "Eagles Recording Co."

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