Wednesday, May 18th, 2011 at 12:49 pm
Not too many albums dropped this week, which proved fruitful for Lonely Island and Tyler, The Creator. The sophomore release from Lonely Island, “Turtleneck & Chain,” came in at number 3 on the Billboard 200 with nearly 70,000 units moved, while Tyler studio debut put him in the number 5 spot. Beastie Boys held in at number 6 for their second week on the charts with 170,000 units sold.
Lonely Island “Turtleneck & Chain” – 67,572 (63% digital)
Tyler, The Creator “Goblin” – 45,172 (42% digital) – [Read Review]
Raphael Saadiq “Stone Rollin’” – 21,000 (n/a % digital)
The Warner saga continues….as mentioned last week, Russian billionaire, Len Blavatnik, purchased Warner Music Group for $3.3 billion, and brothers Tom and Alec Gores contemplated offering a revised bid to outdo Blavantik. Now it appears that The Shareholders Foundation has filed a lawsuit in an effort to block the buyout. “According to the complaint the plaintiff alleges that the defendants breached their fiduciary duties in connection the proposed takeover.” The suit alleges that Blavatnik’s Access Industries undervalues the company, despite the fact that over 50% of WMG shareholders have committed to this buyout.
Last week, I noted that LimeWire was taken to court by the RIAA on behalf of several major record labels. LimeWire settled with the RIAA, representing thirteen labels, for $105 million in court; but where is the money going? RIAA spokesman Jonathan Lamy came under fire for telling blog TorrentFreak, “any funds recouped are re-invested into our ongoing education and anti-piracy programs.” Lamy recently refuted this statement, saying, “far too much credence was given to a TorrentFreak ‘report.’ The quote attributed to me was something I said years ago in reference to the end-user litigation program, which did not generate any revenue for the record companies.” According to The New York Times’ Media Decoder blog, Warner Music Group will share settlement money with their artists, so we’ll see if that actually happens.
Finally, it’s no secret that ballers love rapping and rappers love balling – but it’s rare for an individual to be successful at both. In a recent article, NBA.com delved into Kevin Durant’s attempt to become a producer as well as Joe Smith’s attempt at becoming a rapper. The article also mentions that Celtics guard Carlos Arroyo had his single “Se Va Conmigo” on the reggaeton charts this summer, but fails to mention all the glory that is Shaq Diesel….you can read the full article here.