Universal Music Group chairman/CEO Doug Morris has signed a new long-term deal to lead the world's largest record label. Additionally, former Atlantic and Capitol top executive Jason Flom is nearly finished with negotiations that would bring him into the UMG fold.
Despite a 61% drop in sales, Metallica's "Death Magnetic" holds tight at No. 1 on The Billboard 200 for a third week.
T.I.'s "Paper Trail" (Grand Hustle/Atlantic) is on course to debut at No. 1 on The Billboard 200 next week.
British wholesale distributor Entertainment U.K. (EUK), part of the struggling Woolworths Group, has insisted it is trading as normal amid concerns in the biz as the crucial fourth quarter arrives.
TMI Top Music International Vertriebs GmbH, one of Germany's leading wholesalers of CDs and DVDs, has filed for creditor protection with the Local Court of Heidelberg.
T.I. earns his third straight No. 1 on The Billboard 200 as "Paper Trail" debuts at the top this week.
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