October 16, 2012

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U.K. indie record label XL’s Huge Year

U.K. indie record label XL’s profits climbed to a whopping $67 million in profits in 2011, thanks to Adele’s blockbuster 21 album, now approaching 10 million in sales in the U.S. and more than 24 million worldwide, as reported in U.K. trade Music Week. According to company filings, XL’s bank balance climbed from £3m to £32m ($51.4 million) during the year. The company paid an £8.5 million ($13.6 million) dividend to co-founderRichard Russell, while Beggars Group chairman Martin Mills, a vociferous opponent of the recently approved merger of UMG and EMI as a member of IMPALA, received a similar payout. (10/15a) [HitsDailyDouble]

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ASCAP To Honor Tameka “Tiny” Harris For 20 Year Songwriting Contribution

On October 19th, ASCAP will honor Tiny for her contributions as a songwriter. This is apart of the Annual ASCAP Presents…..Women Behind The Music Series. As you know Tiny was behind many huge hits when she was with 90s group Xscape. She was also the brains behind “No Scrubs” (TLC) along with Kandi Burruss.

“We created the Women Behind the Music series to recognize the immense contributions that women make across all areas of the music business,” said ASCAP Vice President of Membership, Rhythm & Soul, Nicole George. “Each woman we have honored since our inaugural event three years ago is a legend in her own right, and I’m thrilled to continue this amazing series with another round of outstanding and deserving honorees.

The exclusive Atlanta Women Behind the Music event, sponsored by Rémy Martin V, will take place on October 18 at Vanquish, l1029 Peachtree Street NE, Atlanta, GA, from 7:00-10:00PM. The evening will be moderated by HGTV personality and host of Atlanta radio station V103 FM’s On Air with Egypt, Egypt Sherrod, and will feature a special performance by R&B singer-songwriter, Mylah.”

Props to AllHipHop [AlLindstrom]

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