The world-popular torrent client – uTorrent – is to introduce in-client adverts in a new update.  uTorrent boasts an impressive haul of 125m users and currently generates between $15-20m a year from advertising fees and services. The introduction of adverts in the client is expected to boost revenues massively. The torrent client first surfaced online …

WMG music giant has posted losses of $32m blamed on a weak performance in France and Japan and damaging exchange rates.  The recently published report shows revenues dropping 4.9% – down to $654m. The results show an improvement to 2011’s Q3 results which was down $46m. Warner claims exchange rates have damaged revenues of 1.2% on …

The expected home for East London’s arts venue, London Please Gardens, has entered into voluntary administration after a string of failed events.  The purpose of the 20-acre site was to entertain Olympic visitors and art-enthusiasts with specialist events over the summer period. However, the Pontoon Dock ground managed to attract less than 7000 visitors a day. It …

It’s not all doom and gloom for the music industry. Digital music sales figures have recently overtaken physical formats for the first time according to recent reports. Releases from chart-toppers including Adele, Ed Sheeran and Coldplay have all contributed to the rise in digital album sales. BPI, the UK’s official organisation for recorded music, compiled …