NEW YORK (TheWrap.com) - The Flaming Lips will try to break Jay-Z's world record for most shows in a 24-hour period as part of the Viacom Music Group's third O Music Awards. Jay-Z performed seven shows in different cities, so the Oklahaoma City-based Lips will aim for eight shows on June 27 while traveling on a bus from Memphis to New Orleans. MTV announced the Lips' performances while unveiling the 24 different categories for the 24-hour show, which will be live-streamed across MTV's digital properties and potentially on television. ...

LOS ANGELES (Reuters) - The "American Idol" finale audience slumped to a record low, but the show's newly crowned champion Phillip Phillips hit No.1 on iTunes on Thursday with his first single "Home." The 11-year-old Fox singing contest, once a TV industry juggernaut whose finale attracted more than 30 million viewers in 2006 and 2007, was watched by just 21.5 million viewers on Wednesday night, according to ratings data. Viewers in the 18-49 age group most-coveted by advertisers dropped by about 32 percent compared to last year's "Idol," although the program was still the top show on U.S. ...