The recorded music industry is the engine helping to drive a much broader music sector, from subscription radio stations to mobile ringtone sales, which is worth more than $100 billion globally.

Since Live Nation’s initial public offering last December, investors and analysts have all joined up with the concert promoters vision, driving the stock to double in just six months.

Theme park owner Six Flags says it it could sell or even close six of its 30 properties across North America. The revelation was among several made overnight that sent shares plunging 19 percent.

Gandalf (AP Photo)

The mammoth stage production of "The Lord of the Rings," which was mostly panned by critics, is closing in Toronto.

Michael Jackson (AP Photo)

Michael Jackson, who has been living in Bahrain since he was acquitted of child molestation charges a year ago, is moving to Europe.

Adam Sandler and Kate Beckinsale (AP Photo)

Adam Sandler took charge of the remote control at the weekend box office.