TuneCore a "cash-flow" crisis in 2012. Price has sued TuneCore for severance compensation and has alleged that the company may have been insolvent, an accusation that the company appears to dispute. Tunecore was acquired by Denis Ladegaillerie's Believe Digital in April 2015. The acquisition opened up artists' access to Believe Digital’s wider distribution network and label services. Both of the companies remained operationally separate, while jointly claiming to represent of 25 to 30 percent of the new music uploaded to iTunes each day. After the acquisition, TuneCore and Believe used their newly increased leverage in negotiations with digital services including Spotify
Electricity sector in Iceland Electricity sector in Iceland The electricity sector in Iceland relies primarily on renewable energy: hydro power and geothermal energy, with very minor contributions from thermal power stations. Iceland’s consumption of electricity was seven times higher than EU 15 average in 2008. The majority of the electricity is sold to industrial users, mainly aluminium smelters and producers of ferroalloy. Landsvirkjun is the largest electricity producer. In the retail market largest companies were in 2007: RARIK, Orkuveita Reykjavíkur and Hitaveita Suðurnesja. The electricity production was increased significantly between 2005-2008. According to Statistics Iceland the total electricity consumption was 7,958 GWh in 2002,