|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
WHAT IS THIS? The CMU Daily - to which you are subscribed. Unsubscribe information is at the end. NOTE: Make sure you 'enable images' to see this e-bulletin properly. CLICK HERE to read this online. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() ![]() ![]() TERRA FIRMA CONFIRM APPEAL IN CITIGROUP LITIGATION Terra Firma big cheese Guy Hands, the one time private equity genius who came across as a bit of bumbling, bitter fool at the trial, alleged Citigroup's man David 'The Worm' Wormsley misled him during three phone calls the weekend before his equity company made its bid for the music major. That misinformation, Hands said, caused him to bid too soon and too high for EMI, a deal which has cost the equity firm millions and seriously tarnished its once enviable (within City circles) reputation. But The Worm denied ever making the calls, and Hands couldn't provide any real proof they took place, while his recollection of everything else that happened that key weekend - other than that biscuits were eaten - was rather sketchy. So, while the bankers didn't come out of the court hearing completely untarnished either, the New York jury were nevertheless unconvinced by Hands' claims and found in Citigroup's favour. Terra Firma's appeal filing challenges certain technical aspects about the way last year's trial was conducted, presumably hoping appeal judges might overturn the ruling based on legal procedure. In a statement, Terra Firma said: "Boies, Schiller and Flexner, on behalf of Terra Firma, [have] filed a notice of appeal in the litigation against Citigroup. The appeal will challenge legal rulings made by the court in the litigation". Meanwhile Citigroup responded thus: "Citigroup's conduct in the EMI transaction was entirely proper. We are confident the appeals court will confirm that Terra Firma received a fair trial". If the US appeals court agrees to hear Terra Firma's case, it is thought the equity group's legal dispute with Citigroup would run at least another year, and perhaps considerably longer. It seems almost certain now that by the time there is a resolution on this Terra Firma will have bailed on EMI, allowing Citigroup to instigate a sale of the flagging music company. -------------------------------------------------- CONRAD MURRAY TO FACE FULL TRIAL OVER JACKO DEATH As previously reported, for the last week a preliminary hearing has been taking place in California to ascertain whether prosecutors had a strong enough case against Murray for a full trial. Prosecutors presented various witnesses who alleged that, in the minutes and hours after Jackson's death, Murray tried to cover up the fact he had given the singer the dangerous drug Propofol, implying the doctor knew he had been negligent to do so. The prosecution also claimed Murray failed to properly monitor Jackson after administering the drug, and failed to call emergency services quick enough once the singer's condition took a turn for the worse. It was thought the preliminary hearing could run for another week, but the prosecution wrapped up their case yesterday, and the judge then quickly denied a motion filed by the defence to have the whole case dismissed. A full trail will now take place at a date to be determined. Meanwhile, reports suggest that the Deputy Attorney General, who represents the Medical Board Of California, has asked the judge to suspend Murray's license to practice medicine with immediate effect. ![]() ![]() ![]() MAJORS PAY OUT MILLIONS TO SETTLE CANADIAN MECHANICALS DISPUTE The lawsuit claimed that major record companies in Canada frequently release compilations carrying recordings of songs without securing the appropriate licence regarding the literary and musical copyrights that exist in said songs (ie in the lyrics and musical score). Officially, the labels are assuming there will be no problem securing a mechanical licence for those songs, and are just putting off the paper work, and payment, until later, by plonking the name of the unlicensed track onto a "pending list". However, lawyers representing the Baker estate claimed many label execs who follow this practice just hope no one in the songwriting or publishing sector will notice one of their songs has slipped through the net, meaning no royalty payment will ever have to be made. The Baker estate's lawyers claimed some 300,000 unlicensed works were now on the four major's collective pending list, and pushed for their lawsuit to become a class action so that any songwriter with a song on that list would be due damages. Had the lawsuit gone all the way through court, and had the major labels lost, and had statutory damages been applied under Canadian copyright law, the damages bill for the country's record industry could have been as high as $6 billion. Though that was never likely to happen, the labels clearly took this lawsuit seriously, hence the multi-million dollar out of court settlement. According to reports the four majors will pay the following amounts in damages: Universal Music - $17.5million, Sony Music - $17.3 million, EMI - $7.3 million and Warner Music - $5.5 million. Assuming the settlement gets court approval, the Canadian publishing collecting societies CMRRA and SODRAC - who were initially named as defendants in the lawsuit - will now administer the distribution of the damages to songwriters whose works were on a pending list. As part of the deal the four majors have also committed to review their internal processes for sorting out mechanical licenses on all releases. ![]() ![]() ![]() LONG-TIME SUSSEX RADIO DJ DIES Copsey was originally a long-standing DJ on Southern Sound, later Southern FM, though was sidelined there once owners Global Radio decided to relaunch the station as Heart Sussex. Then eighteen months ago the DJ arrived on the small network of local stations operated in Sussex by Media Sound Holdings, including Arrow FM and Splash FM. A spokesman for Media Sound confirmed Copsey's death yesterday, with the following statement posted on the company's stations websites: "We are very sad to hear the news that our much loved Breakfast Show presenter, Chris Copsey, has passed away unexpectedly. Coppo had been a constant voice on the Sussex airwaves since 1983, and we were very proud to have him as one of us. He was a Sussex broadcasting legend, a consummate professional - but, more importantly than that, he was a great friend, and so much fun to be around and have as a colleague". It continues: "Chris had been with us for a little under eighteen months, but many of us had known him for a number of years. Others, at the very least, grew up listening to him. The whole team are in total shock at this devastating news, and our thoughts are with his wife and family at this terribly sad time". ![]() ![]() ![]() COMBES REVEALS SUPERGRASS SPLIT VIA EMAIL Anyway, Coombes told Bang Showbiz: "I just sat down one night and just wrote an email out to everyone, saying we should call it a day and I kind of want to put my effort into something that I'm going to get immediate reward from and excitement. I didn't feel like we were challenging each other in the right way, or things just weren't coming out the way they should". Speaking to Digital Spy, he added: "I think it was just that the connection wasn't there. For whatever reason we weren't on the same page, so why force something mediocre? It just doesn't make any sense. We were only holding ourselves back really. Individually I just felt that we were all capable of so much more. Let's just have a look around and fall down a few rabbit holes and see what each of us can come up with. We're all capable". Asked if he thought the band might reunite one day, he said: "No. I really can't see it. It's not what I want to do. I can't imagine what's going to happen in five or ten years, but I think it would only happen if we miss each other ... I can't imagine I'll be eating these words, I feel very strongly about it, but you have to correct me if I'm wrong in five or ten years! I feel really comfortable with the way things are. I want to leave Supergrass in the place where people remember it and I don't want to dilute it and fuck it up". Having broken up the band last April, Coombes is now working on his debut solo album. Speaking to Spinner he said: "I've got five or six completed and totally mixed, so half the album's totally finished, and the other half is written and just in the process of recording bits and bobs and finished vocals. It's sounding great, I'm really chuffed". ![]() ![]() ![]() 50 CENT MIGHT HAVE SIGNED GAMU We're getting this from Micro Blog Buzz, which reported earlier this week: "[Gamu] has been signed to 50 Cent's new record label G-Note. G-Note will focus on 50's favourite acts that don't fit neatly into G-Unit's hip-hop categorisation and will favour pop and R&B artists. It is believed that many labels have been interested in signing Gamu but G-Note offered the best deal and are best connected to make her dreams reality". ![]() ![]() ![]() ARCTIC MONKEYS WORKING WITH JAMES FORD According to the NME, recording sessions for the album began in London late last year, and the band are hoping for a late spring release. They recently confirmed that they will headline the Oxegen festival in Ireland in August. -------------------------------------------------- FLO AND DRAKE TO COLLABORATE ![]() ![]() ![]() THE KILLS ANNOUNCE NEW ALBUM Here's the tracklist: Future Starts Slow -------------------------------------------------- FIRE TO REISSUE CLASSIC SPACEMEN 3 TWELVE-INCHES All three records, originally released by Glass Records, will go on sale on 17 Feb. -------------------------------------------------- COCKNBULLKID ANNOUNCES NEW SINGLE AND DEBUT ALBUM The song is taken from her debut album, 'Adulthood', which is due for release in the spring and was co-written with Chilly Gonzales. ![]() ![]() ![]() BRUNO MARS ANNOUNCES UK TOUR Tickets for all shows are on pre-sale now at brunomars.warnerartists.com and will go on general sale on Friday. Tour dates: 24 Jan: London, Café De Paris ------------------------------------------------- JACK BEATS ANNOUNCE UK TOUR AND FABRIC RESIDENCY The duo told CMU: "This is our first ever official full tour together, so we're going to make sure every show gets smashed hard. In the run up to our debut album we'll be showcasing all our new material and a completely new show, so we can't wait to get on the road, its going to be massive! We're also super excited to be bringing a new night to Fabric, one of the most famous clubs worldwide. Fabric is a true institution and to be working with them to put together our own club night is going to be amazing!" CHINA SAYS 4000 ARRESTED IN PIRACY CRACKDOWN IP piracy of all kinds have always been rampant in China, of course, and the better protection of copyright, patents and suchlike is a frequent topic for discussion in any trade talks between the Chinese government and Western countries. It is thought such things will be on the agenda when Chinese president Hu Jintao visits the US next week, which might explain the timing of Feng's press conference to big up the country's recent efforts in cracking down on piracy. He told reporters: "On one hand [these figures] demonstrate the achievements we've made in cracking down on the violation of IP, on the other hand it also indicates that IP violation is still quite rampant and frequent. So we want to introduce heavier punishments". Although the US government has welcomed recent anti-piracy initiatives in China, American officials say they want to see ongoing efforts to protect IP rights rather than occasional crack downs. And given that Feng reckons the value of the pirated goods seized in the recent crack down are worth $348 million, while the US reckons American IP industries alone lose $3.5 billion a year to Chinese piracy, presumably Western officials will be looking for even more action from China in this domain. ![]() ![]() ![]() MYSPACE CONFIRM 500 JOBS TO GO On confirming the cuts, CEO Mike Jones insisted the redundancies were not a sign that the revamp of MySpace that took place late last year had been a failure, rather they were necessary because that revamp had changed the nature of the MySpace business, and therefore how many employees were required. Many reckon the headcount cut is part of plans by owners News Corp to offload MySpace to another media or digital company. Although the vast majority of MySpace's 1060 staff are based in the US, the smaller teams elsewhere in the world, including London, will also be affected by the cull. In particular, all sales for MySpace UK will be taken over by another News Corp company, Fox Networks, removing the need for an in-house sales team. It is thought some of MySpace's UK sales execs may be moved over to the Fox company. Looking forward, Jones told reporters: "We are committed to rebuilding the company with an entrepreneurial culture and an emphasis on technical innovation. The new organisational structure will enable us to move more nimbly, develop products more quickly, and attain more flexibility on the financial side. While it's still early days, the new MySpace is trending positively and the good news is we have already seen an uptick in returning and new users". No, I've no idea what 'uptick' means either. Actually, I do, he's adapting a City term to mean 'increase'. But I'm pretending not to understand, because otherwise everyone will start using 'uptick' when what they mean is 'increase'. -------------------------------------------------- BELIEVE ANNOUNCE FREE DIGITAL TOOLS FOR ARTISTS Says Believe Digital UK's MD Stephen King: "In a highly competitive marketplace, it is vital to keep adding value wherever possible. Believe Backstage brings together a range of tools that can help artists and labels gain unprecedented control over their digital activities. By helping our clients improve and evolve their online presence and by giving them the facilities to do it we are confident that we can help them drive both sales and fan engagement, which can only be good news for everyone". You can access all the Believe widgitary at www.believedigital.com ![]() ![]() ![]() JOBS TO JOIN MURDOCH FOR THE DAILY LAUNCH NEXT WEEK ![]() ![]() ![]() SARAH PALIN HELPED LAUNCH ADELE IN THE US Talking to Attitude while promoting new album '21', Adele said of her 'SNL' gig: "Sarah Palin made my career by coming on that show. I saw the back of Sarah Palin, and I thought it was Tina Fey, and I fucking love Tina Fey, and I was, 'Tina, Tina'. She didn't even acknowledge me, she was just completely oblivious. Then Sarah Palin asked to come and meet me, and my gays were in the room, saying, 'If she comes in, I'm leaving'. She cornered me and said hello. And I had a massive Obama badge on my tit". I wonder what you have to do to become one of Adele's "gays"? |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||