via Billboard iHeartRadio is two for two for sold out music festivals selling all of the tickets for its 2012 show in just eight minutes on Saturday (July 14). Their inaugural show last year sold out in less than 10 minutes. For the Sept. 21 and 22 show at the MGM Grand in Las Vegas,…

Via Tech Crunch/Allindstrom Live Nation Labs, the investing arm of music giant Live Nation, has purchased music discovery app Rexly for an undisclosed amount. The deal, which had been in the works for several months, was finalized Friday and announced Monday via both companies’ blogs. “This isn’t really an exit—it’s a continuation of the vision,”…

Allindstrom.com Feature Alumni (and manager of Odd Future) chops it up with Billboard about everything you need to know about Frank Ocean. Read the entire interview below: Billboard.biz: As Ocean and others confirmed last week, the plan all along was to release the album a week early as an iTunes exclusive. Approximately when did you…

Via Billboard LONDON – Vivendi’s Universal Music Group could offer to divest Virgin Records and EMI Classics, as well as the distribution rights to independent label Mute to clinch European regulators’ approval for its proposed acquisition of EMI’s recorded music business, the New York Times reported, citing sources familiar with the situation. UMG executives will…

Triple A radio is producing some major league hits. The niche format (whose nickname is shorthand for “adult album alternative”) nurtured the top Billboard Hot 100 title of 2011, Adele‘s “Rolling in the Deep.” The song spent 14 weeks at No. 1 on the Nielsen BDS-based Triple A chart – the first ranking on which…