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AM NEWS: Citi Calms EMI Bidders, Facebook's Big $'s, Lil W. Sets Records, Turntable.fm App & More

In the wake of new legal action by Terra Firma and Guy Hands, Citigroup will indemnify bidders for EMI from any future damage claims , according to the Financial Times . Without indemnification EMI's sale price of $3-4 billion would drop dramatically. Second round bids are due this week. Facebook's revenue doubled to $1.6 billion in 2011's first half. Net income was $500 million. Today the company added former Clinton Chief of Staff Erskine Bowles to its board of directors. ( Reuters ) [...]

Indie Labels, Merlin Sue Limewire For $5 Million

When LimeWire agreed in May to pay major record labels $105 million , it also promised to pay independent labels, according to a lawsuit filed by Merlin . The indie licensing organization says it had not to filed a lawsuit previously because LimeWire signed an agreement in 2008 promising to pay indies in proportion to any settlement with the majors. After the major label deal became public, LimeWire allegedly denied that it had offered indies similar settlement terms and refused to pay . [...]

DEEP BLUES FESTiVAL:: UPDATE!

DEEP BLUES FESTiVAL:: UPDATE! For more info, contact Ted Drozdowski at 615-730-7916 or dbf2011@gmail.com DIRTY ROOTS BANDS FROM ACROSS AMERICA GATHER FOR DEEP BLUES FESTIVAL 2011 AT CLEVELAND'S BEACHLAND BALLROOM on SAT, JULY 16 Blues, country, punk rock, folk and old timey music all intersect at Cleveland's historic Beachland Balllroom on Saturday, July 16, for the fourth Deep Blues Festival — a unique event that spans the deepest American musical traditions and the cutting edge. The festival [...]

Play Ball! 2011 Edition

Play Ball! 2011 Edition NOTE: Tomorrow is apparently Major League Baseball's official Opening Day, although they have some games today.The logo clearly says April 2011, although elsewhere on the MLB site it says March 31. Jeez. Today is opening day and, aside from the winter holidays of Christmas and Thanksgiving, the time of year when you hear the most cliches. You know, spring and new hopes and new expectations, life begins anew, blah blah. Instead of that, why don't we share some of our favorite baseball quotes: "Baseball is [...]

Watch: Rage Indie of The Week – Pikelet

Watch: Rage Indie of The Week – Pikelet IFRAME Embed for Youtube Aussie singer/songwriter, Pikelet' s incredibly beautiful video for "Weakest Link", taken from the fabulous ' Stem ' LP released through Chapter Music/ Love+ Mercy Records. Directed by Laura Cashman. Also, chosen as Rage's Indie Pick Of The Week last month. Pikelet - Weakest Link

Toronto's 'Cashman' Decries the Violence Plauging the Local Gold Business

Oliver Jewellery Cashman Music Video
If you live in Toronto and have a TV you no doubt have seen the cheesy but funny ads for Russell 'The Cashman' Oliver's Jewelry buying business like the classic new wave-inspired one above. Who knew the Toronto cash-for-gold industry had become riddled with violence including incidents of arson and alleged murder-for-hire plots though? Crazy!