Breaking News: Katy Perry

KATY PERRY BECOMES FIRST FEMALE ARTIST AND ONLY SECOND ARTIST IN HISTORY TO SCORE FIVE NO. 1 SINGLES ON BILLBOARD’S HOT 100 CHART FROM THE SAME ALBUM

TEENAGE DREAM IS ALSO FIRST ALBUM EVER TO NOTCH FIVE NO. 1’S ON BILLBOARD’S POP SONGS CHART

KATY’S “CALIFORNIA DREAMS” 2011 WORLD TOUR IS SOLD-OUT

August 17, 2011 — New York, NY — With her current single “Last Friday Night (T.G.I.F.)” ascending to No. 1 on Billboard’s Hot 100 chart this week, global pop superstar Katy Perry ties with Michael Jackson to become the second artist in the 53-year-history of the Hot 100 chart to produce five No. 1 singles off the same album. Katy is the first female, and only living artist to accomplish this feat.

Read the entire Billboard story here: http://www.billboard.com/#/news/katy-perry-makes-hot-100-history-ties-michael-1005318432.story

The achievement follows shortly after Katy’s 2010 sophomore album Teenage Dream became the first album in the nearly 19-year history of Billboard’s Pop Songs chart to generate five No. 1 singles. Katy has dominated at Pop radio over the past year, with “California Gurls,” “Teenage Dream,” “Firework,” “E.T.,” and “Last Friday Night (T.G.I.F.)” accounting for five of the top six titles with the chart’s highest ever weekly spin totals. “Last Friday Night (T.G.I.F)” bests “E.T.” to become the song with the most weekly plays in the chart’s history.

In addition, on August 1^st, Katy became the second artist in modern-day BDS chart monitoring to notch six consecutive No. 1 singles: “Waking Up in Vegas,” (from 2009’s One of the Boys), “California Gurls,” “Teenage Dream,” “Firework,” “E.T.,” and “Last Friday Night (T.G.I.F.).”

Currently in the middle of the sold-out California Dreams World Tour that runs through fall and began earlier this year with stops in Europe, Australia, New Zealand and Japan, Katy’s remaining  U.S. tour dates are as follows:

August 17      Kansas City, MO                              Sprint Center**

August 19      Nashville, TN                                   Bridgestone Arena**

August 20      St. Louis, MO                                    Scottrade Center**

August 21      Chicago, IL                                       Allstate Arena#

August 23      St. Paul, MN                                     Xcel Energy Center#

Sept 7             San Antonio, TX                              AT&T Center**

Sept 8             New Orleans, LA                             New Orleans Arena**

Sept 10          Louisville, KY                                    KFC Yum! Arena**

Sept 11          Grand Rapids, MI                             Van Andel Arena**

Sept 13          Columbus, OH                                 Schottenstein Arena**

Sept 14          Indianapolis, IN                                Conseco Fieldhouse**

Sept 16          Omaha, NE                                       Qwest Center**

Sept 17          Tulsa, OK                                           BOK Center**

Nov 15           Hartford, CT                                       XL Center##

Nov 16           New York, NY                                   Madison Square Garden##

Nov 19           Las Vegas, NV                                  Mandalay Bay Events Center##

Nov 21           Oakland, CA                                     Oracle Arena##

Nov 22           Los Angeles, CA                              Staples Center##

*denotes show with Robyn

**denotes show with Janelle Monae

# denotes show with Natalia Kills

## denotes show with Jessie J

^ denotes show with Oh Land

###

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Citibank Takes Control of EMI

This just in from the AP…

LOS ANGELES (AP) Citigroup Inc. has taken over debt-strapped EMI Group Ltd., closing a disastrous purchase of the music label by Guy Hands, founder of British private equity firm Terra Firma.

The foreclosure by Citigroup, EMI's main lender, brings the label of British acts such as The Beatles and Pink Floyd under American control until a new buyer can be found.

The takeover had been long expected, but came more than a month before Terra Firma Capital Partners Ltd. officially defaulted on roughly 3.4 billion pounds ($5.48 billion) of borrowings it took on to buy the label in 2007.

Citigroup's move eliminates some uncertainty over EMI's future, and restructures EMI by reducing its debt by 65 percent to 1.2 billion pounds. Citigroup booked a 2.2 billion pound loss, while Terra Firma saw its 1.75 billion pound investment evaporate.

The agreement leaves EMI, which also represents Lily Allen, Katy Perry, Coldplay and dozens of other acts, with more than 300 million pounds of available cash, enough to fund its operations, and a sustainable level of debt.

For now, it won't have to rush into the arms of a financial savior, although companies like Warner Music Group Corp. and private equity firm Kohlberg Kravis & Roberts have been jockeying to buy the company.

EMI now has "the ability to invest in and grow its business," said Stephen Volk, the Citigroup vice chairman who will become the chairman of EMI's holding company, Maltby Acquisitions Ltd., in a statement. "This is a positive development for EMI, its employees, artists, songwriters and suppliers."

EMI's chief executive, Roger Faxon, said in a statement that the restructuring "has given us one of the most robust balance sheets in the industry."

Uncertainty over its future was seen as a major distraction for EMI, which in recent years lost business from the Beatles' Paul McCartney and rock band Queen.

The move also came after a jury in New York found in November that the U.S. bank did not fool Hands into buying EMI at an inflated price. Hands had testified that Citigroup dealmaker David Wormsley had misled him about the number of suitors for the label, while Citigroup said the accusations were an attempt to gain leverage in restructuring talks. Hands appealed the verdict earlier this month

Top Albums for the Week

Here are the album sales for the week ending 01/23/2011

THIS WEEK RANK	ARTIST	TITLE	THIS WEEK SALES
1	Decemberists	The King Is Dead	93,567
2	Kidz Bop Kids	Kidz Bop 19	70,017
3	The Script	Science & Faith	49,310
4	Social Distortion	Hard Times And Nursery Rhymes	45,615
5	Gregg Allman	Low Country Blues	35,968
6	Bruno Mars	Doo - Wops & Hooligans	34,223
7	Katy Perry	Teenage Dream	32,507
8	Taylor Swift	Speak Now	30,848
9	Nicki Minaj	Pink Friday	28,428
10	Mumford & Sons	Sigh No More	26,505