Music group Sanctuary agrees to takeover
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Centenary Music Holdings Ltd, part of  the Universal Music Group, said on Friday it had agreed to buy  struggling British music company Sanctuary Group for around  44.5 million pounds ($87.7 million).
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The group set up by the Recording Industry Association of America to collect royalties for performers and record companies has reached an agreement with the Digital Media Association whose members include large music webcasters, to cap royalty fees at $50,000 per webcaster per year.
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Three of the Big Four music labels have reached licensing agreements to provide their music to the soon-to-launch Peer Impact network, a peer-to-peer service that enables legal music file-sharing.
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Media & professional: Music group Sanctuary sells stake in Rough Trade Records, the label that first signed the Smiths.
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Rock band the Arctic Monkeys  confirm the name of their new album.
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Arts & entertainment: Buju Banton signs pledge after years of pressure over song advocated shooting homosexuals.
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Company hopes the $160 million purchase will make it a major player in the music market.
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A Canadian banking group has reached an agreement to acquire a controlling interest in the parent of Evergreen Bank of Glens Falls.
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Collective Soul has struck a deal  with Target, making it the exclusive physical retailer for the  group&#39;s next album.
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Social music site Last.fm signs a deal with the Sony BMG record label to offer its catalogue of music.
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Vivendi's Universal Music, the world's   largest seller of recorded music, is vaulting to the top spot   in music publishing too after agreeing to buy BMG Music   Publishing for 1.63 billion euros ($2.1 billion).
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The musical gear retailer packs it up to go private.
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Yahoo Inc. on Tuesday said it has agreed to acquire Musicmatch Inc. for about $160 million in cash, marking the portal&#39;s first major push into the crowded online music market.
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The contracting state of the music industry has created untrampled space for the performing and executive Diaspora of the major labels.
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Four large radio station owners agreed to pay $12.5 million to resolve claims that they accepted cash in exchange for playing songs.
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Long associated with EMI, the Rolling Stones have signed an exclusive recording agreement to release their next album â the soundtrack for Martin Scorseseâs documentary concert film âShine a Lightâ â through Universal Music Group, The Associated Press reported. The album is scheduled for March. The announcement prompted speculation that after 16 years the band could part ways with EMI, which has changed ownership and plans to cut as many as 2,000 jobs. Radiohead and Paul McCartney have already left the label. EMI, pointing out that Universal Music is affiliated with Universal Pictures, producers of the film, said its relationship with the Stones would be unaffected.
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Warner Music Group Corp. said on  Monday it will pay about $73.5 million to take over Roadrunner  Music Group, home to rock artists including Nickelback,  Slipknot and Megadeath.