Hypebot.com posts a roundup of music business news each weekday morning and breaking stories throughout the day. For the latest also also follow @hypebot on Twitter.
- U.S. music sales fell 1.3% in the first quarter of 2011 compared to the same period last year, according to Nielson SoundcScan That's a lot better than the 6.1% decline in the first quarter of 2010.
- Will Facebook announce a Groupon clone at a press event today? (SAI) More needs to be done to explore how the music industry can use it to sell music, mech and tickets.
- Stephen K. Friedman has been promoted to president of MTV. He has been general manager since 2008 and will helm MTV, MTV2, mtvU, MTV.com, MTV Hits and MTV Jams.
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