Universal Music Group (UMG) parent company Vivendi said its performance in the first quarter of 2010 was in line with expectations and predicted a modest increase in profits for the full year. The company also announced the appointment of Lucian Grainge, Co-CEO of UMG, as a member of the Vivendi Management Board. He will take up the position of CEO of UMG on January 1, 2011, succeeding Doug Morris, who will remain as Chairman. (FMQB)
BPI and The Pirate Bay clash at London music industry debate. (Music Ally)
eMusic has extends its digital music club rewards initiative to the UK. Dubbed the eMusic A+R Access + Rewards program, UK eMusic members will get offers and discounts from select music partners.
UK music retailer HMV's sales fall 10%. Group pins hopes on boost from release of Avatar on DVD and new Amy Winehouse album following 'difficult' start to the year (Guardian)
Yahoo looses another exec: Bryan Lamkin, senior vice president for the consumer products group, is leaving the company after little more than a year on the job.(CNet)