CBS Gets Rid of 20% of Last.fm’s Staff

Last.fm staff in London were celebrating their Christmas party at a venue complete with hot tub. Through today‚Äôs hangover, they heard about 20 percent are being disposed of as parent CBS Interactive (NYSE: CBS) restructures…

Pinnacle Entertainment Has Gone Into Administration

It has been reported to a source close to Hypebot that Pinnacle (UKs largest indie music player) has now gone into administration. The UK giant has dozens of record labels signed up including One Little…

Buzznet: The Music Community Have Laid Off 15% of Their Staff

There has been a rumour that 10 out of the 89 employees at Buzznet have been laid off. Thus, 15% of the Buzznet staff are leaving. Is this because of the economic downturn? I found…

EMI Lose $1.2 billion in the Last Financial Year

It has just been finalised that EMI lost a huge $1.2 billion in their financial year ending March 31st. This figure dwarfed the prio year’s $455 million in the red. Some losses stem from restructuring…