Music Industry News

MTV Networks, Harmonix (the game developer behind Rock Band) and Beatles’ Apple Corps Ltd. are developing a new interactive music game based solely and exclusively on the entire Beatles catalog. AC/DC’s new album Black Ice moved 784,000 units in its first week of U.S. release. Common has announced Dec. 9 as the new release date for his forthcoming Geffen album, Universal Mind Control. Chris Brown is the star of a new advertising campaign for Hasbro’s U-Dance, a motion sensing dance video game. Don Cornelius, the former host of the television show “Soul Train,” was arrested on suspicion of domestic violence, police said Saturday.

Best Buy has acquired 83.3% of Napster stock through a tender offer. Digital distribution firm TuneCore raised $7 million in new funding from Opus Capital, saying it will use the new cash in part to expand artists services. eMusic is laying off 10% of its workforce. Electronic Arts is laying off 5% of their staff. Sony BMG Music Entertainment lost $57 million on sales of $762 million for the three-month period ended Sept. 30. EMI Group has reported a loss of £757 million ($1.2 billion) for the year ending March 31, citing the “continuing underperformance from EMI Music.”

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