• 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.
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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."