Artists look for new revenues—think ads—as total recording sales dip.

A new economic analysis of local radio airplay's impact on the recording industry reveals that $1.5 billion to $2.4 billion in annual music sales are generated through free radio airplay.

Universal Music Group (UMG) announced that it has completed its acquisition of Univision Music Group following the recent clearance of the deal in the U.S. by the Federal Trade Commission. The acquisition results in UMG becoming the largest Latin music company in North America.

Terra Networks and Warner Music announced a partnership to present the DVD release of "Arde el Cielo con Maná". The exclusive bilingual online programming will provide consumers a unique and unprecedented in-depth artist experience at Terra.com, including contests, photo galleries, community pages, blogs, webisodes of exclusive interviews and much more.

Digital sales of music represented 10% of the total worldwide music market in 2007, up from 6% in 2006, reports In-Stat. By 2012, digital music sales will represent an impressive 40% of all music purchased worldwide, the high-tech market research firm says.

The Latin Recording Academy President Gabriel Abaroa, Univision Network news anchor Barbara Bermudo, and Houston Mayor Bill White announced that the 9th Annual Latin GRAMMY Awards will be broadcast live from the Toyota Center in Houston on Thursday, Nov. 13, 2008.

Marketing opportunities in the evolving music business.

inter Music Conference 2008 -- Fania Records announces the release of its first remix collection "I Like It Like That" pairing up the hottest dance scene remixers with legendary tracks by Fania artists like Pete Rodriguez, Hector Lavoe, Willie Colon and Ruben Blades.

Concord Records and Starbucks Entertainment will release Encanto (Enchantment), the newest record from the legendary Brazilian musician Sergio Mendes.

Israel Cachao López — the legendary Cuban composer, songwriter and bassist known simply as “Cachao” — died March 22 at age 89 in Coral Gables, Florida. Cachao is revered as the pioneer of the mambo, the genre created in the late 1930s that became the bedrock of modern Cuban music, salsa, and the Latin-influenced genres of rock and r&b.

Yahoo! Telemundo launched the official site of the 2008 Billboard Latin Music Awards presented by Heineken.

MTV Latin America, a unit of Viacom Inc. announced the successful taping of the “Julieta Venegas MTV Unplugged.” The one-hour special was taped on Thursday, March 6th at Estudios Churubusco in Mexico City, marking the 20th MTV Unplugged production for MTV Latin America.

JupiterResearch is focusing on a growing trend in the music industry that will change the landscape as consumers have come to know it. Digital music was a $1.3 billion business in 2007, but it still only comprised 10 percent of consumer music spending.

According to The NPD Group the amount of music that consumers acquired in the U.S. increased by 6 percent in 2007.

Universal Music Group (UMG) and Univision Communications Inc., the leading Spanish-language media company in the U.S., announced a definitive agreement under which UMG will acquire Univision Music Group, including its music recording and publishing division.

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