Legend, Pioneer & Founder of Atlantic Records, Ahmet Ertegun, Buried In Istanbul

Ahmet Ertegun, one of the modern music industry’s most influential figures who helped propel the likes of Ray Charles, Aretha Franklin and the Rolling Stones, has been laid to rest in his hometown after a religious service attended by politicians and artists alike. The 83-year-old Turkish-born founder of the legendary Atlantic Records label died last Thursday in New York, where he had been in a coma since October 29 after...

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Recent Survey Suggests iTunes Music Store Sales Have Declined 58% In 2006

U.S. market research group Forrester conducted a survey of North American music consumers and believes that since January 2006 the number of monthly iTunes transactions has declined 58 percent, while the average size per purchase declined by 17 percent, leading to a 65-percent overall drop in monthly iTunes revenue. Forrester analyzed 2,791 US iTunes debit and credit card purchases made between April 2004 and June 2006 from the...

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