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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. |
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"The best music business training event I have attended; relevant and up to date, your knowledge of and enthusiasm for the industry is simply exceptional" from delegate feedback MUSIC RIGHTS - INSIDE & OUT |
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![]() ![]() ![]() CITIGROUP TALKING TO EMI BIDDERS As previously reported, we'd expected EMI to be on the block this spring for some time as we knew it was highly unlikely former owners Terra Firma would stump up the required new money to stop the music major defaulting on its bank loan covenants with Citigroup. In the end Citi swooped sooner than most expected, including, it seemed, Terra Firma, taking ownership of the music firm at the start of February. However, despite immediately admitting it was indeed indeed looking to sell off the music company eventually, the bank didn't seem in any rush to do a deal, insisting it was business as usual for EMI in the short term. But by this point Warner Music's current owners had already let it be known they were considering offers for some or all of their business. Although there were initially over ten bidders interested in Warner, at least some of which will presumably also be interested in EMI, some have speculated that if Citigroup put off a sale too long its music company will end up being seen as the runner up prize, which might have a detrimental affect on offer price. But while Citigroup has not as yet put out any official call for bids for some or all of EMI, according to the Post talks are still ongoing with possible bidders. This isn't really much of a surprise, I suppose, given the bank was rumoured to be already talking to some potential buyers before they had even taken control of the music company earlier this year. According to the Post, many of those currently talking to Citigroup about EMI are already bidding for Warner, including Len Blavatnik's Access Industries and Ron Burkle's Yucaipa Co, the latter of which has reportedly allied with Napster co-founder and Spotify adviser Sean Parker for its big music bids. Other interested parties include Sony Music, whose Sony/ATV division is already bidding for Warner Chappell. It's not clear which bit of Sony is bidding for which bit of EMI. Meanwhile, Universal Music, which dropped out of the running for Warner, is reportedly still discussing EMI with Citi. And, of course, if Warner Music decides to only sell off its publishing business, then its chief, Edgar Bronfman Jr, is known to be interested in buying EMI's record labels. Though any deal involving an existing music major would surely come with at least some regulatory concerns, with competition officials certain to be interested in any deal which makes a major music company even bigger. It is thought Citigroup is talking to bidders about them buying both EMI outright, or one part or another of the company. As much previously reported, current EMI chief Roger Faxon believes his company only has a viable future as combined music publishing and record company - with more integration between its two main divisions - and he's been saying so in pretty much every newspaper or magazine an investment type might read of late. Though, while many in City circles have come round to his way of thinking on this, that EMI will be sold to one buyer as a going concern is by no means a foregone conclusion. -------------------------------------------------- SMILEY CULTURE DIED FROM SINGLE SELF-INFLICTED STAB WOUND As previously reported, the 'Police Officer' singer died during a police raid on his Surrey home last week. The singer, real name David Emmanuel, who enjoyed most success as a performer in the early eighties, was due to face drugs charges this week. The Independent Police Complaints Commission is already investigating the circumstances surrounding his death. A relative of the singer told reporters late last week: "As a family we are in a state of shock and confusion and we are determined to search for the truth of what happened. My uncle David Emmanuel is now dead. He was a father, an uncle, a friend and a mentor to many and is a British icon who died under the most peculiar of circumstances". Speaking for the IPCC, Mike Franklin responded: "I send my condolences to Mr Emmanuel's family and friends. I understand their concerns and am under no illusion about the seriousness of this case, its impact on them and the wider community. Many of the questions that I know Mr Emmanuel's family and friends have are exactly what we will be examining as part of this investigation". ![]() ![]() ![]() DRE LAWSUIT DISMISSED As previously reported, the incident in question occurred when then police commander Gary Brown, police spokeswoman Paula Bridges and Mayoral press man Greg Bowens told producers of a 2000 Dre show that they couldn't show a bit of film being used as an opener because it contained nudity and that violated city laws. The officials threatened to cut the electricity if the sequence was shown, so much so the gig's promoters decided to comply with their demands. The three officials sued because Dre's people filmed the conversation and included it on a subsequent tour DVD. Brown et al claimed the recording and publication of the conversation in a private room infringed their rights, and duly sued for damages. On two previous occasions a court has ruled against the officials, saying that because they were conducting public business any rules governing private conversations did not apply. But then in 2009 a Michigan appeals court said that the case should be heard again, this time in front of a jury. However, the Michigan Supreme Court seemingly does not concur. It dismissed Brown et al's third attempt to sue on this issue this weekend. Needless to say, Dre's legal man welcomed the ruling. ![]() ![]() ![]() WYCLEF'S HAND INJURED IN SHOOTING Jean was in his home country of Haiti for this weekend's presidential elections. Since realising he couldn't run for the role of President in the country himself, having not been sufficiently resident in the country, Jean has been supporting another musician turned politician, Michel Martelly. He was shot on Saturday night, but was released from hospital yesterday. Jean's brother confirmed the shooting had occurred but provided no more information, while a post on the singer's Twitter feed read: "We have spoken to Wyclef, he is OK. Thank you for your thoughts and prayers - Management". -------------------------------------------------- MUSTAINE TAKEN ILL BACK STAGE, BUT MEGADETH SHOW GOES ON Although the rocker's people say that reports Mustaine collapsed backstage at St Petersburg's Jubileeny Arena are an exaggeration, the rocker admits doctors advised him to cancel the show. Speaking to Rocknewsdesk.com, Mustaine said: "Two hours before the show I started to feel like I had a hernia, or I'd been hit in the groin. I told my tour manager I needed a doctor and it might be in my best interest to cancel the show". He added: "I was told to pee for the doctors. They explained there was blood and gave me an IV, an analgesic and an anti-inflammatory injection. The next hour is blurry. I woke up, they told me they could hold the show for 30 minutes, but I said, 'Guys, I am OK, and we can do this'". There are confused reports as to how long Mustaine then played for, or whether he did visit a hospital after the show, though he insisted in his mini-interview that he felt "95% better" just 48 hours after the incident. ![]() ![]() ![]() BIEBER MOVIE OUTSELLS JACKO FILM IN US But Bieber's 'Never Say Never' movie has outsold Jackson's posthumous 'This Is It' flick in the US, bringing in $72.2 million already in the States, compared to the $72.1 million the 2009 Jackson no-concert film made. Though the good news for the Jackson estate, is that 'This Is It' was much, much, much more successful globally than Justin's movie, it bringing in $189.1 million around the world, compared to the $10.8 million in international revenues generated by 'Never Say Never' so far. ![]() ![]() ![]() OPEN CASTING CALL FOR LEAD IN TUPAC MOVIE ARCHITECTURE IN HELSINKI TOUR 12 Apr: London, XOYO ![]() ![]() ![]() FESTIVAL LINE-UP UPDATE DOT TO DOT, various venues, 29-31 May: Sprawled across venues in Manchester, Bristol and Nottingham across three days, this year's edition of Dot To Dot is newly set to host The Joy Formidable, And You Will Know Us By The Trail Of The Dead, Wolf Gang, Cults and Benjamin Francis Leftwich. These additions will join an existing bill of acts including Hurts and The Naked & Famous. www.dottodotfestival.co.uk END OF THE ROAD, Larmer Tree Gardens, North Dorset, 2-4 Sep: Organisers of this intimate folk shindig have come up trumps with just-confirmed headliner Joanna Newsom, with Best Coast, Lykke Li and Emmy The Great also bolstering a strong latest line-up announcement. Already-booked to headline are the brilliant Beirut and Mogwai. www.endoftheroadfestival.com FIREFLY FESTIVAL, Elton Hall, Ludlow, Shropshire, 12-14 Aug: Indie Essex boys Morning Parade head up the first batch of acts set to play this diminutive woodland festival, with Flashguns, The Milk, Marcus Foster and smooth-voiced minstrel Scott Matthews also on the bill. www.facebook.com/fireflyfestival MAGIC SUMMER LIVE, Hatfield House, Hertfordshire, 17 Jul: Elton John is to head up proceedings at Magic Radio's live music extravaganza, with easy-listening favourites The Lighthouse Family and Rumer also poised to perform. Pop quintet The Overtones and rising sisterly duo The Pierces also feature on the line-up. www.magic.co.uk/whats-on/summer-live-info/ OPEN AIR ST GALLEN, Sitterobel, Switzerland, 30 Jun - 3 Jul: Queens Of The Stone Age, Elbow and TV On The Radio are amongst those acts to get newly acquainted with the St Gallen line-up, reinforcing an already substantial horde of bands like Warpaint, The National and Linkin Park. www.openairsg.ch/en/ PINKPOP 2011, Megalands, Netherlands, 11-13 Jun: Organisers of this long-running outdoor pop party have unveiled a host of acts with decidedly un-poppy leanings, with Brit rockers Elbow, Kaiser Chiefs, White Lies and Manic Street Preachers all fresh on the roster. Further distorting the pop ethos are 30 Seconds To Mars, Avenged Sevenfold and Band Of Horses. www.pinkpop.nl ![]() ![]() ![]() ALBUM REVIEW: DeVotchKa - 100 Lovers (Anti-) That fifth release. '100 Lovers', is a thing of slow-burning beauty. It starts off in classic DeVotchKa style with the mournful 'The Alley', a swell of strings and Eastern European landscapes. '100 Other Lovers', the album's lead single, is far more delicate and college-radio friendly, but it never quite looses that trademark edge. 'The Man From San Sebastian' is the album's funnest track, reminding me a lot of my personal favourite DeVotchKa track of old, 'Comrade Z', jiggy and exciting. Nick Urata's voice is absolutely incredible - he holds a note for longer than five deep breaths, and warbles on in a mournful, old soul kind of a way, perfectly complementing the rich instruments around him - guitars, pianos, brass, the theremin, bouzouki, violins, accordions, melodicas, sousaphone, and of course, not to mention percussion. They're not a glorified wedding band. They're not sad, sitting in the darkened corner of a film adapted from a Jonathan Safran Foer novel (however they did appear on the trailer for 'Everything Is Illuminated'). They're luscious and completely authentic, and, I hasten to add, completely addictive. TW Physical release: 28 Feb ![]() ![]() ![]() VICE TEAMS UP WITH DELL AND INTEL FOR NEW LIVE MUSIC SITE Confirming its support, Intel's Partner Marketing Group Director, John Gavin, told Billboard: "It's a great way for us to make a fun and authentic connection with the audience. If we give music fans the opportunity to have this amazing experience, maybe they will think about Intel differently, because without our technology, this wouldn't be possible". ![]() ![]() ![]() HMV WILL PROPOSE TO BANKS IT SELLS WATERSTONES As much previously reported, HMV is facing the prospect of breaching covenants relating to its debts, and is therefore busy trying to renegotiate its loan terms with its banks. The retailer is due to make a presentation this week, and those are among the solutions that are to be put forward for bringing about a quick resolution to current cash problems. As much previously reported, one of HMV's existing shareholders, Russian businessman Alexander Mamut, is known to be interesting in bidding for Waterstones. -------------------------------------------------- VINCE POWER PREPARES TO FLOAT LATEST FESTIVALS VENTURE The new company will take ownership of two of Power's current festival ventures, the established Hop Farm Festival and new Fèis event. A third classical music festival is expected to be acquired at launch, with further acquisitions planned in the next five years. The new company will be run by Power with his former Mean Fiddler colleague Jon Hale. Former Capital Radio boss David Mansfield will be Chairman. Power is best known for building up the Mean Fiddler empire, which he sold to a JV between Live Nation (then still Clear Channel) and MCD in 2005 (the venues bit of which was subsequently acquired by HMV's MAMA Group, while the festivals bit continues as Festival Republic). His more recent business venture, the Vince Power Music Group, was less successful, ending in administration, however it did not involve festivals, still a growth market in the UK, and one in which the City sees Power as a dependable, experienced player. -------------------------------------------------- INGENIOUS BACKS TWO NEW FESTIVALS As I'm sure we've mentioned previously, Ingenious have been dabbling in music-related investments for sometime. Initially they focused on investing directly into artist projects, but with mixed success. More recently they have moved very much into the festivals space, where success is seemingly much more assured. Ingenious are already investors in events like Creamfields and the Rewind, Underage and Field Day festivals. The new festivals to have Ingenious backing are the previously reported We The People, a new event in Bristol, and a new bash in Brighton to be called the Shakedown Festival. Ingenious Investment Director Paul Bedford told CMU: "At a time when the sales of recorded music have steadily declined, festivals and other live music events have consistently bucked the trend and flourished, making this sector of the entertainment business an excellent investment opportunity". Matt Priest, the former Radio 1 events man who is involved in both the new festivals, added: "We are extremely excited to be working on the UK's two newest music festivals with Ingenious, as they bring not only essential funding to the project but also a wealth of experience through their partnerships with similar events such as Creamfields, Rewind, and Field Day festivals". -------------------------------------------------- LASGO FOUNDER BUYS BACK BUSINESS Lasgo Chrysalis was acquired by BMG when it took control of the wider Chrysalis Group last year. However, whereas the rest of the London-based music firm's operations have been merged with BMG's existing UK business to create BMG Chrysalis, Lasgo remained independent. And Lassman now says his business was never central to BMG's plans. Music Week quote Lassman as saying: "When BMG bought Chrysalis PLC it was pretty obvious that they were buying it for the publishing interests and not for Lasgo trading". Revealing that both he and Wright had put up hundreds of thousands each to mount the bid to buy Lasgo, he said that while the physical distribution market was in decline, there were still many opportunities, especially as the number of competitors decrease. He added: "I don't think these markets we are in are going to disappear any time soon and result in us going out of business - otherwise I wouldn't put my own money into it". -------------------------------------------------- FRENCH LABEL CLOSES, EXPLAINS CHALLENGES OF FRENCH MARKET In a parting post, the label's founders Jean-René Etienne and Emile Shahidi recall how they spent five years building an audience for their label and artists only to find that "once that's done and you have something resembling an audience, it becomes apparent that this is not really your job - your job is to reconcile the public with the very idea of buying records". Outlining the challenges facing smaller labels in a recorded music market that has shrunk as much as it has in France, they continued... "We're closing shop because the operation is losing too much money, this much is clear. Most of what we could have done to prevent or delay this outcome reside in two words: lifestyle and branding. Investing in t-shirts and co-branding, scoring 'collaborations' or sponsorship deals with deep-pocketed companies. I have but a regret: we actually did it sometimes. We should have said no more often. Bands struggling to get together with brands, artists and audience deriving more validity from corporate interest than from anything else, bands happy to learn that in the future they would have to 'take charge of their own promotion': this wasn't for us. In other words, on our small scale, we should have been able to carve a non-capitalist niche within the larger corporate world. I thought, being young and naive when we started, that 'underground' meant just that. The fact that ours is a struggling industry, where 90% of your time is spent 'staying afloat', obscures an important fact: we are still playing by the rules that got us fucked in the first place. The way we do business is defective: our values are defective, our contracts are defective, our post-Napster economy itself is defective. I just read an article by a label owner who states that 'anything we can do to stay afloat should be condoned'. I don't think so, no. Staying afloat by any means necessary is a meaningless pursuit. The only honest way for a record label to make money is by selling records. We've always been uneasy about selling anything else. And our current cultural economy isn't healthy either. Consumer practices are fucked. You don't need me to tell you that music is devalued. Not only because we no longer sell shit (and even when you do, it's hard to shake the feeling that you're selling free shit), but also because tracks are peaking faster than tumblr memes. In our historical moment, music is everywhere but second or third or tenth to many other interests and areas of culture. Fashion, Apple, video games, 'devices', social media, etc. And that's cool, I guess. But I don't want to have to be a function of fashion. Nor do I want to urge an artist to publish half-baked tracks every month in order to stay "relevant". Depleted accounts is one thing, but depleted attentions?" ![]() ![]() ![]() MOYLES' 52 HOUR CHARITY SHOW RAISES £2.4 MILLION The whole shebang raised a massive £2.4 million for Comic Relief, helping the celeb-o-thon on its way to raising a total of £74.3 million for charitable projects in the UK and Africa on Friday night. Which is all rather fab and groovy. Whether this undoubtedly grand achievement will help Radio 1 bosses justify keeping Moyles on the station's prime time breakfast show beyond the DJ's current contract remains to be seen. Though the presenter's popularity with listeners has never really been in doubt, the debate is more about whether the aging host and his dependable put predictable presenting style has a place on what is meant to be a pioneering youth station. Still, if he is still shunted out of Radio 1, the success of this charitable venture might prove to commercial players that Moyles is worth bidding for. -------------------------------------------------- JAZZ FM GOES NATIONAL VIA DIGITAL ONE Previously the digital jazz station has only been available in London and the Northwest, ie the regions where it once broadcast on FM before its then owners, GMG Radio, reutilised those frequencies for its easy pop station Smooth FM. Its arrival on the Digital One network means it will now have a potential audience reach of over 50 million. Evening show host Helen Mayhew told Radio Today: "I've been presenting on Jazz FM for nearly 20 years since it first launched. It has always been our aspiration to be national and I am delighted to be with the station to see it realize that ambition". ![]() ![]() ![]() GROHL IS NO GLEE FAN, AND MURPHY CAN SHUT UP Criticising Glee man Ryan Murphy for lashing out whenever an artist shows anything but unwavering fandom for his TV show, Grohl told the Hollywood Reporter: "You shouldn't have to do fucking 'Glee'. And then the guy who created 'Glee' is so offended that we're not, like, begging to be on his fucking show... I watched ten minutes [of it]. It's not my thing". Referencing Murphy's response to past critics, Grohl continued: "Slash was the first one. [Murphy] wanted to do Guns N Roses, and Slash is like, 'I hate fucking musicals. It's worse than 'Grease''. Then [Murphy's] like, 'Well, of course he'd say that. He's a washed-up old rock star. That's what they fucking do'. And then Kings Of Leon say, 'No, we don't want to be on your show'. And then he's like, 'Snotty little assholes...' And it's just like, 'Dude, maybe not everyone loves 'Glee'. Me included'". |
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