Sony stock prices have dropped to their lowest point since 1980. Competition from both Apple and Samsung have caused Sony to lose money for four straight years–and for eight years in its core television business.
Microsoft simultaneously announced the death of Zune and the birth of a new music system called Xbox Music that would run on the Xbox 360 game console, Windows phones and Windows 8 computers. One last shot at it, eh Gates?
Erykah Badu is outraged at Flaming Lips frontman Wayne Coyne after he released the video for the track “The First Time Ever I Saw Your Face” without Badu seeing it first. She sent a hilariously angry set of tweets to Coyne in hopes of getting her point across, which she must have, since the video has been taken down.
Nicki Minaj pulled out of Summer Jam only hours before she was due to perform after a radio announcer made a “disrespectful” remark about her newest single to the Summer Jam crowd. No “Starships” for you!
Megadeth was forced to end its Metalfest set early as audience members began to pelt singer Dave Mustaine with rocks. A spokesperson for the band appeared on stage after the incident to say, “Guys, Dave’s been hit in the head with a rock.”
RIAA CEO Cary Sherman made a speech, as part of a Congressional hearing on “The Future Of Audio,” indicating that he would like Google to automatically block all links to websites that notoriously participate in illegal downloading.
While we’re on the topic of illegal downloading, YouTube announced this week that it will partner with music publishers to provide them with more money-making opportunities, as well as increased copyright protection.