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Stephen Foster, revered as the "Father of American music", but ravaged by alcoholism, dies aged 37, at the North American Hotel, 30 Bowery, Lower East Side, New York City with exactly 38 cents to his name. His legacy of timeless songs includes Oh! Susanna, Old Folks at Home (aka Swanee River), Camptown Races, Beautiful Dreamer, My Old Kentucky Home and Old Black Joe.
For a fee of £100, popular operatic star Enrico Caruso makes his first recordings, ten arias including E lucevan le stelle, for The Gramophone Company in a room at The Hotel Di Milano, Milan, Italy, Europe.
Dame N elly Melba signs a recording contract with the Gramophone Company. She drives a hard bargain, insisting that her records sell at a higher rate than any other recording artist, with an unprecedented advance.
Harvey Blackson is born in McDade, Louisiana, USA. He will find fame as Harmonica Fats, often billed as '320 pounds of the blues'.
In financial difficulties, Jimmie Rodgers sells his home in Kerrville, Texas, USA, for $9,100, less than half its original price.
The National Industrial Recovery Act, intended to assist America's recovery from the Great Depression, is signed into law in the USA. "History will probably record the National Industrial Recovery Act as the most important and far-reaching legislation ever enacted by Congress," declares US President Franklin D, Roosevelt. Two months later, Bill Cox will be inspired to celebrate the three R's promised by the NRA - relief, reform, and recovery - in his jaunty NRA Blues.
When Duke Ellington And His Orchestra play the second of two nights at Sweet's Ballroom, Oakland, California, USA, a boycott is held to protest against the venue's policy of charging higher admission prices to black patrons.
Bobby Vee and The Crickets play at The Gaumont, Worcester, UK. Tickets cost £6.
Can't Buy Me Love by The Beatles is the highest new entry in Cash Box magazine's chart of the best-selling singles in the USA, entering at No21.
The Top Ten Singles in the UK on this date are :
2. Juliet - The Four Pennies
3. My Boy Lollipop - Millie Small
4. It's Over - Roy Orbison
5. Constantly (L'Edera) - Cliff Richard And The Shadows
6. A Little Loving - The Fourmost
7. The Rise And Fall Of Flingel Bunt - The Shadows
8. Don't Throw Your Love Away - The Searchers
9. I Believe - The Bachelors
10. No Particular Place To Go - Chuck Berry
It is reported that sales of guitars have reached a new peak in both Britain and America.
Lou Goldberg of The William Morris Agency of Beverly Hills, Los Angeles, California, USA, writes to Joe Small of Admiral Picures, returning to him a cheque in the value of $980.50. The cheque releates to transportation costs for Elvis Presley, but Presley's manager Col. Tom Parker has told Goldberg to return it to Admiral Pictures.
Country music artist Don Gibson's new Cadillac is wrecked near Liberty, Tennessee, USA, in a car crash. About $900 worth of damage is inflicted on the car but, fortunately, no-one is seriously injured.
A feature headlined 'Presley As Top Money Star' in Variety magazine in the USA estimates Elvis Presley's income from motion pictures this year at $2.7m, easily surpassing the earnings of such established Hollywood heavyweights as Cary Grant, Elizabeth Taylor and Audrey Hepburn.
In the Superior Court, San Jose, California, USA, a $530,000 (about £185,000) breach of contract law suit is filed by Tempo Productions against The Beatles and their Californian promoters, Mr. Pauli Catalana and Mr. Norman Weiss. The suit contends that Brian Epstein, manager of The Beatles, agreed orally with Tempo to stage a concert in San Mateo county on or about 31 August, but that Catalana and Weiss persuaded Epstein to repudiate the contract.
The Rolling Stones announce that music biz entrepreneur Allen Klein, who they met three days earlier, is now to be their co-manager, working alongside Andrew Loog Oldham.
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The Jimi Hendrix Experience play two shows at The Factory, Madison, Wisconsin, USA, supported by Soft Machine and Mark Boyle's Sense Laboratory.
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John Lennon and Paul McCartney of The Beatles, along with manager Allen Klein, meet Sir Joseph Lockwood of EMI in London, England, UK, Europe, to discuss the possibility of increasing royalty payments to the band. Lockwood refuses.
Billboard magazine in the USA announces that, "Dave Geffen, business manager for contemporary music acts, will be launching a label operation shortly." More usually known as David Geffen he will become one of the most powerful billionaires in the entertainment industry.
At Manny's music store, New York City, USA, Jimi Hendrix spends $1,756.30 on an Epiphone Casino guitar, an Echoplex and Ernie Ball strings. Later in the day, he is at the Record Plant working on Izabella and Room Full Of Mirrors.
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An injunction is granted to Warrick County, Indiana, USA, with the intention of preventing a proposed music festival for 60,000 people at Chandler Raceway Park near Evansville. The injunction will succeed, but the promoters will re-locate the festival to Bull Island on the Wabash River where it will become a disaster of significant proportions known as The Erie Canal Soda Pop Festival.
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It is announced that Sir Cliff Richard, Robin Gibb and Barry Gibb (of The Bee Gees), Boy George and Russell Watson, are among music world stars coming together under the banner One World to raise money for The Asian Tsunami disaster with the release of a song, Grief Never Grows Old, which it is hoped will raise over £2m for the relief effort.
Emerson, Lake And Palmer (E.L.P.) embark on a tour of the USA which will prove to be among the most expensive in history.Their entourage includes a seventy-piece orchestra.
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Johnny Cash, Waylon Jennings and Jessi Colter play the first of three nights at The Music Hall, New York City, USA.
Travis Tritt releases a new single, Here's A Quarter (Call Someone Who Cares), on Warner Bros. in the USA.
Led Zeppelin guitarist Jimmy Page pays his ex-wife Patricia Ecker $6 million in a divorce settlement.
Debbie Rowe divorces Michael Jackson. Rowe, who receives an $8-million settlement and a house in Beverly Hills, California, USA, gives full custody rights of their children to Jackson.
In the High Court in London, UK, it is alleged by Mark Hapgood QC, that Elton John once spent £30m in just under two years - an average of £1.5m a month. Mr Hapgood suggests that Sir Elton went "spending mad" following a £42m deal with recording company Polygram in February 1996. The claims are made during a court case in which the singer is suing Andrew Haydon [former MD of management company John Reid Enterprises] for negligence. Sir Elton also accuses City accountancy firm PricewaterhouseCoopers of negligence in managing his affairs.
Brian ‘Head’ Welch, who left Korn several days earlier, tells the congregation of the Valley Bible Fellowship in Bakersfield, California, USA, why he has rejected rock and turned to God.
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Shortly after passing her driving test in Norwich, UK, pop singer Jamelia buys herself a new Audi A4 S4 at a cost of £45,000.
A lwasuit - Parks vs LaFace Records - brought on behalf of civil rights campaigner Rosa Parks against the hip-hop duo Outkast and their producer and record labels, is settled with Parks being paid an undisclosed cash settlement and the duo agreeing to work with the Rosa and Raymond Parks Institute for Self Development in creating educational programs about the life of Rosa Parks. The record labels and Outkast admitted to no wrongdoing.
The Eagles are the top-grossing live touring act for the six months up to this date, pulling in $76.7m, according to figures reported to Billboard Boxscore.
When smart phone manufacturer Palm Inc's shares soar by 34 per cent, U2's Bono earns a tidy $84m (£56.4m). The singer had invested $100m (£67.1) in the company a month earlier to help rescue it.
Scottish painter Peter Howson's portrait of Madonna naked with her husband Guy Ritchie fails to sell at auction in McTear's auction house, Glasgow, Scotland. The painting does not reach its reserve price of £15,000.
Nine people are arrested in London, Kent and the Midlands for conspiracy to commit fraud and money laundering, via an internet scam in which DJs allegedly used stolen credit cards to buy their own music on iTunes, thus netting around £400,000 in royalties and boosting their chart ratings.
Allen Klein the controversial rock entrepreneur who handled the financial affairs of The Beatles and The Rolling Stones, dies in New York City, USA, aged 77, after a battle with Alzheimer's.
Ke$ha appears on tv show Saturday Night Live in the USA, performing Tik Tok and Your Love Is My Drug.
The annual Sunday Times Rich List reveals that Warner Music Group chairman Edgar Bronfman has leapt to the top of the 2010 Sunday Times British Music Millionaires list, making him the 25th richest person in Britain. U2, the world's highest earning act last year, and their manager Paul McGuinness head the Irish Music Millionaires Rich List with a combined wealth of £429m. Charlotte Church is the UK's most successful young singer of the past year with earnings of £11m.
Brad Paisley, Martina McBride, Lady Antebellum and Sheryl Crow take part in the Music City Keep On Playin' flood relief benefit concert in the Ryman Auditorium, Nashville, Tennessee, USA. The event raises over $1.7m.
Jewellers Jacob And Co file a lawsuit in Manhattan Supreme Court, New York City, USA, claiming that Courtney Love has not returned nearly $114,000 worth of borrowed diamonds and gold. It is alleged that Love borrowed two white gold and diamond chains, a white gold, floral-designed mesh bracelet and a pair of white gold and diamond hoop earrings but only returned the bracelet.
Sheryl Crow's Tennessee mansion fails to sell at auction. it had originally failed to attract any buyers on the open market at an asking price of $7.5m
Beyonce Knowles gives her husband Jay-Z the world's fastest road car, a $1.3m Bugatti Veyron Grand Sport vehicle for his 41st birthday.
It is reported that Avril Lavigne's 12,184 square-foot mansion in Bel Air, Los Angeles, California, USA, is to be bought for $8.5m by Los Angeles Clippers star Chris Paul. The property was originally listed for $9.5m after Lavigne split from her husband Deryck Whibley of Sum 41.
A study by researchers at The University of Minnesota is published in the Journal Of Broadcast And Electronic Media, claiming to show that listening to rock music, [examples given include Bruce Springsteen and The White Stripes], can make white listeners favour white ethnic groups over other ethnic groups when sharing out funds. White students who were being played Top 40 pop - made by artists such as Gwen Stefani and Akon - distributed the funds more fairly among the other ethnic groups.
Dutch DJ Tiesto tops the Forbes Electronic Cash Kings list, ranking as the world's highest paid DJ with reported annual earnings of $14m. Skrillex comes in second with $9.7m and French DJ David Guetta sits fourth, earning $8.7m in the past year.
Judge Vincent Zurzolo, in Los Angeles, California, USA, dismisses a $3m Lawsuit in which Dr. Dre is claiming allegedly unpaid royalties from Death Row Records.
It is announced that income from foreign media using Canadian-owned copyrights helped push the revenues of the Society of Composers, Authors and Music Publishers of Canada (SOCAN) to a new high - $310m - in 2015.
The Forbes List estimates Taylor Swift's net worth at $250m (circa £200m).
Pollstar publishes its list of the highest-grossing tours of the year so far, with the Top Ten being as follows :

$151.5m – Guns N' Roses

$118.1m – U2

$98.2m – Justin Bieber

$88m – Metallica

$68.2m – Depeche Mode

$60.5m – Red Hot Chili Peppers

$59m – Adele

$57.2m – Ed Sheeran

$54.5m – Eric Church

$52.7m – Bruno Mars