The indie rock group Arcade Fire topped the album charts for the first time in their career with the release of their third album “The Suburbs” which moved more than 156,000 copies in its first week. However more than 97,000 of those albums were sold digitally at significantly reduced prices. Are digital music downloads devaluing music? Todd Martens, a music reporter with the Los Angeles Times, joins us to explain how digital downloads are affecting the music industry.
Speaking of digital media, Netflix entered into a $900 million deal with Epix which will allow them to stream films from Paramount, MGM and Lionsgate starting in September. Meanwhile the popular television streaming website Hulu is rumored to be investigating an IPO.
Sylvester Stallone may have shown up just in time to save Lions Gate with “The Expendables” which came in first at the box office, but “Scott Pilgrim vs. The World” proved a disappointment despite earning rave reviews.