Manhattan’s Brill Building, where songwriters such as Burt Bacharach and Neil Diamond penned pop hits, is being sold to investors led by Allied Partners Inc., who plan to redevelop its office and retail space.
Beyonce Knowles, performing at the Super Bowl for the first time, is poised to draw more viewers at halftime than the game itself, fueled by the flap over the pop star’s lip-syncing at President Obama’s inauguration.
The CD’s reign as the music industry’s biggest U.S. revenue source will end this year, eclipsed by downloads and newer streaming services such as Spotify Ltd. and Pandora Media Inc., according to a researcher.
Amazon.com Inc. , the world’s largest online retailer, grew at a faster pace than leader Apple Inc. in song downloads in the U.S. last quarter and tied Wal-Mart Stores Inc. for second place in overall music sales.
The U.S. music industry would get a boost from tighter controls on pirated content, just as France has seen digital music sales rise after introducing its own rules, said an industry group representing record labels.