Warner Music Group has announced today that Lyor Cohen is leaving his Chairman/CEO post starting September 30. In 2004, Lyor left Island Def Jam for his former position at WMG. Cohen says: To all the artists and employees who live and die for the music every day, and who personally sacrifice for the good of…

If  only the Iphone 5 was a Hip Hop album the music business wouldn’t be in such bad shape. Reports has shown that the new Apple Iphone 5  has sold over 5 Million units in 3 days since its release. The phone will go on sale in 22 more countries on Friday and in more than…

The approval by European Union clearing the way for Universal Music to purchase EMI‘s recorded music assets came at a cost. They now have 6 months to sell of Parlophone, Chrysalis, Mute along with other assets. Included in the divestiture are the contracts and catalogs of major artists. Here are the Top 12: Coldplay David Guetta Lilly Allen Blur…

Behind every good artist is a great team. However, who’s more valuable? According to RapRehab, successful artists, the most important and well-paid members are lawyers and accountants – then the webmaster, booking agent, manager, and everyone else. Check out the infographic above and really see who gets the MONEY. The Future of Music Coalition recently…

Here we go again! Kim Dotcom doesn’t care about website seizures. He doesn’t care that the feds are after him. KDC is going for the glory with plans of re-releasing his website Megaupload. Hopefully it won’t just get shot down as soon as it goes up. [Allindstrom]

  This past Friday, the Universal/EMI Music merger was completed. This morning we see reports of eminent job cuts from EMI. Lucian Grainge, Universal Music CEO, says his goal is to trim $162 million dollars from EMI’s budget. ‘We intend to generate cost savings of £100 million,’ he said. ‘There will be job losses. I can only grow…