Sebastian Mercado has seen a lot of crazy charts comparing the massive flow of money into exchange-traded funds with other big trends. So the Deutsche Bank U.S. ETF strategist decided to add his own chart into the mix. ETF assets have more than doubled every four years since 2000. Financial markets willing, global ETF assets could reach a best-case $3.1 trillion by yearend, up from 2013's $2.2 trillion, says Mercado. The industry's growth and the trend the strategist pairs it with in the chart below show a .97 percent correlation.
A Minnesota woman accused by the music industry of illegally downloading songs was ordered to pay $222,000 in damages, after an appeals court overturned a lower- court ruling that had reduced the amount.
Vevo LLC, the online service partly owned by the world’s two biggest record companies, streamed a third more music videos in 2013, with the pop star Pink’s “Just Give Me a Reason” the most-viewed clip.
Lime Wire LLC and founder Mark Gorton should pay the highest range of damages for harming the recording industry by allowing people to download songs for free, a lawyer for the music labels told jurors in a trial.
Baidu Inc., China’s biggest Internet-search company, is making peace with record companies after years of letting millions of Web surfers use its search service to find links to free, unauthorized downloads, a feature that rival Google Inc. declined to offer.
Chrysalis Group Plc , the music company with rights to songs by Tom Jones , Engelbert Humperdinck and Blondie, agreed to be bought by BMG Rights Management GmbH in a cash deal after years of approaches and talks to sell.