EMI announces restructuring plans: The troubled music giant is to reveal major restructuring plans, including splitting its business into three distinct global units 7 Nov 2008
"Troubled music giant EMI will today announce major restructuring plans. Elio Leoni-Sceti, chief executive of the company's recorded music division, will unveil the plans at a presentation to staff. The Italian Executive will announce that the business will be split into three distinct global units: new music, catalogue and music services, and with an increase in marketing resources, according to the Financial Times. The online music service EMI.com will launch this December." [Guardian]
Atlantic Records claims digital milestone: First major label to have such sales bring half of revenue Nov 26, 2008
"Following full-year results for Warner Music Group that showed a 39% increase in digital revenue to $639 million, representing 18% of total revenue, the major's label Atlantic Records is claiming a milestone in digital music.
More than half of Atlantic's revenue in the U.S. is from digital products, making it the first major label to reach that proportion for digital, according to the New York Times. The label's artist roster includes Bloc Party, T.I., Estelle, Death Cab for Cutie and Led Zeppelin." [HollywoodReporter]
Warner Music avoids Q4 blues: Company reports profit increase of 20% Nov 25, 2008
"Warner Music Group reported better-than-expected fiscal fourth-quarter results Tuesday, and management believes that the company can outperform peers amid worsening sales trends.
Chairman and CEO Edgar Bronfman Jr. on a conference call also lauded the music business for having been "relatively resilient in previous (economic) downturns" but said he couldn't promise things would stay that way in the current economy." [HollywoodReporter]
Behind the music: Small is beautiful
Independent labels don't have a lot of advantages when competing with the big hitters, but their passion will ensure their survival November 20 2008
"At a MusicTank conference on Tuesday night, I had a chat with Simon Wheeler, Director of Digital at Beggars Group, about what it's like running an independent label in these changing times for the music industry. He said: "When it comes to negotiating deals with new digital ventures like Nokia Comes With Music and MySpace Music, we can't compete with the majors when it comes to money and might. But we can compete when it comes to talent and signing great artists. And that is our main focus."" [Guardian]
Labels bank on stars during hard times: Music industry hopes for big sales in bad economy Nov. 17, 2008
"Acad disqualification: 'Dark' day or fair play? With consumer confidence in the economy plunging to a record low, the recording industry is bracing for a disappointing holiday season. Nevertheless, the big labels still have some potential aces up their sleeves that might cushion the blow.
Sony BMG is expecting big things from Beyonce, whose last album, "B'Day," debuted at No. 1 on the Billboard 200. This time, she takes a big leap with a double-CD set titled "I Am ... Sasha Fierce," due out today. According to the singer, half the album is Beyonce "underneath all the makeup" and the other represents her glamorous alter ego." [Variety]
Posts
No comments:
Post a Comment