COMPANY TOWN : STACKING UP SALES

Total album and single sales of CDs and cassettes for the week ended June 12, compared to week-ago and year-ago levels, in millions of units sold:

Latest week:

Albums: 10.6

Singles: 1.9

*

Week-ago:

Albums: 9.6

Singles: 1.8

*

Year-ago:

Albums: 8.9

Singles: 2.0

Hits Magazine Tip of the Week

On the heels of Atlantic Records Group scoring a No. 1 chart debut with Stone Temple Pilots, a Business Week article about Atlantic Chairman and CEO Doug Morris has escalated music industry chatter on expanded duties for Morris within parent Warner Music Group. In the article, Warner Music Group Chairman Robert Morgado is quoted as saying, “Clearly Doug has the talent to play a wider role in the future.” Morris’ Atlantic Group, which includes the Atlantic and very successful Interscope labels, has had a torrid chart run with hot-selling soundtracks to “Above the Rim” and “The Crow,” as well as newcomers Collective Soul and All-4-One.

Note: Hits magazine is a weekly music industry trade publication

Source: Soundscan Inc.