Lil Wayne vs. Cash Money, WMG Revenues Top $3 Billion, and More in This Week's Labels Digest

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TOP STORIES Lil Wayne vs. Cash Money: Can the Rapper Leave the Label He's Been With Since He Was 13?  Album delays are ­nothing new for Lil Wayne. But the MC sent shockwaves through the hip-hop world on Dec. 4 when he publicly blamed his label for the ever-shifting release date of his new album, Tha Carter V. Former A&M/Octone Execs Launch Hybrid Company Freesolo; Gavin DeGraw, Hunter Hunted Among First Signings  James Diener's new venture, Freesolo, quietly rolled out earlier this year as a hybrid label, publishing and management company founded with three different partners. Island Records Co-Founder and Jamaican Music Engineer Graeme Goodall Dead at 82  Grame Goodall was a key figure in the history of Jamaican music, founding Island Records in 1959 and engineering some of the country's most well-known music. Warner Music Group Revenues Top $3 Billion Following Acquisitions, Streaming Gains  Aided by an acquisition and gains in streaming services, Warner Music Group revenues topped $3 billion for the first time in five years. Corner Office: Lava Records Founder/CEO Jason Flom on Discovering Katy Perry, Lorde's Genius and His Label's Sale  The hair-metal whisperer turned pop-star finder on discovering Katy Perry, Lorde's genius and his label's sale. Taylor Swift Talks Streaming, Sharon Osbourne Introduces UMG's Michele Anthony at Billboard's Women in Music Event  Hundreds gathered at New York City’s Cipriani Wall Street to fete the music industry's most powerful women, including Beyonce, Aretha Franklin and Taylor Swift, who appear on this year's Women in Music power list. Capitol Music Group Hires Two Publicity VPs  Capitol Music Group has hired industry veterans Jennie Boddy and Erin Cooney as vice presidents of publicity under Ambrosia Healy, the company's head of media strategy and relations. Libertines Sign With Virgin EMI, Comeback Album is 'Going To Happen'  The band has announced a new recording deal. A third album awaits. Billboard 200 Chart Moves: Pink Floyd's 'Dark Side' Returns to Top 20  Thanks to a super-low sale pricing, Pink Floyd's classic album 'The Dark Side of the Moon' returns to the top 20 of the Billboard 200. Meanwhile, 'Family Guy' creator Seth MacFarlane debuts with his Christmas album, Michael W. Smith collects his 12th top 40 album, and 'N Sync's 'Home For Christmas' comes back to the tally. Less Could Mean More: Why Merlin's Deal With Pandora May Pay Off  Merlin has come under attack in the last month for making a deal that, according to its critics, lowers the per-stream royalty rate with Pandora. That's both true and incorrect -- here's why.