Judge slashes 'monstrous' fine in music piracy case

Condemning a two-million-dollar fine meted out to a Minnesota woman for illegally downloading music over the Internet as "monstrous and shocking," a judge has slashed the penalty to 54,000 dollars.

Web video site Veoh filing for bankruptcy protection

Video website Veoh, which has been locked in a two-year legal battle with Vivendi's Universal Music Group over copyright infringement, is filing for bankruptcy protection, its founder announced.

Google close to record company deals

Google Inc., which plans to launch its long-rumored music store Wednesday, is still furiously working behind the scenes to get key music companies onboard with its plan to take on Apple Inc.'s iTunes and challenge numerous ...

Warner Music turns to YouTube tastemakers

To promote its new song from platinum-selling country music artist Hunter Hayes and Grammy winner Jason Mraz on Tuesday, Warner Music Group didn't book its stars on "Good Morning America" or "Late Night With Jimmy Fallon."

Apple nears music deal with labels

Apple Inc. is close to securing deals with all four major recording companies on a music service that will allow users to stream songs stored on remote computer servers, presumably to an array of portable Apple-made devices, ...

Russian-born billionaire buys Warner Music

Russian-American billionaire Len Blavatnik's Access Industries won a bidding war on Friday for Warner Music Group, buying the storied music company for $3.3 billion in an all-cash transaction.

Warner to sell entire company, near agreement

Warner Music Group Corp. is seeking to sell the entire company, rather than parts of the business, and could agree on a buyer within weeks, The Wall Street Journal reported on Thursday.

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