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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 We are currently taking bookings for the following CMU TRAINING courses: PROMOTING MUSIC - MEDIA, SOCIAL MEDIA AND MORE MUSIC BUSINESS MODELS - MAKING MONEY, FINDING INVESTMENT |
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CITIGROUP SAY THEY WILL SELL EMI TO ONE BUYER As previously reported, the US bank confirmed that their ultimate intent was to sell off EMI after they seized control of the music company off Gary 'The Guy' Hands and his Terra Firma twonks back in February. Even before Citigroup were in control, and as soon as Gary's debt-laden supremacy at EMI started to unwind, many speculated a sale was in the offing, and that when it was sold this time EMI would be split into two, with the valuable publishing catalogue going to one of the equity groups busy buying up such things, most likely the KKR-backed BMG, while the record labels would most likely go to Warner Music. But ever since Roger Faxon was given the top job above the whole EMI Group last year, he has insisted that splitting up EMI would be a bad idea. He has a vested interest of course, because if EMI was split up on sale there would be fewer opportunities for the current top guard at the major to continue in their current roles. But there is also some logic to the Fax-man's argument, surely the future of the music business requires an integration of the recordings and publishing parts of the industry, so that institutions that invest in new music can take a share of whichever royalties are most lucrative. And if the music company of the future will be an 'integrated music rights machine' it makes little sense for EMI to be split up now. Unless, of course, the constituent parts went to other emerging integrated music rights machines, like, say, BMG. But whatever, once Citigroup were in control at EMI and a sale was very much on the agenda, Faxon had his financial PR men make sure he was popping up in pretty much every newspaper or magazine City types might read explaining why buying EMI in its entirety would be a much more sensible thing to do, rather than picking off a few choice parts. And, according to The Guardian, Citigroup have now assured Faxon that when it comes time to sell - and rumour has it talks with some bidders are already under way - the bank will choose a bidder who has the interest and finance to buy EMI in its entirety as a going concern. Preferably with the intent of keeping Faxon and his team in place, though obviously once a sale is done that cannot be 100% guaranteed. Whether Citigroup have reached this decision based on Faxon's arguments, or via external factors, we don't know. Certainly the current sale of Warner Music may have had an impact. Partly because Warner was always seen as a potential bidder for the EMI record labels, but if the US major is sold off in its entirety (which it may be), then that probably will no longer be an option. And partly also because at least two and possibly three bidders have come forward interested in buying Warner outright, which is probably more than most people expected, offering Citigroup hope that a sale of EMI its entirety is more realistic than perhaps previously assumed. In almost related news, the aforementioned Gary 'The Guy' Hands is reportedly close to selling his other entertainment business, the Odeon and UCI cinema chain. Terra Firma put the cinema group up for sale last month, possibly to bring in some quick cash to fill the £2 billion hole left by the EMI experiment. According to reports, Terra Firma are now in exclusive talks with BC Partners and Omers Private Equity about a sale, though no firm decisions have as yet been made. But hey, Terra Firma are out of the music business now, so what do we care? We never need talk of those freaky financiers, and their incessant biscuit eating, ever again. Though for old times sake, and for customary legal reasons, we must stress that the freaky financiers at Terra Firma do not incessantly eat biscuits. Though I did once hear there were a lot of hobnobs at Terra Firma HQ, but I've no idea what that means. ![]() ![]() ![]() SPECTOR'S LAWYERS APPEAL MURDER CONVICTION Lawyers for the incarcerated legendary record producers have filed hundred of pages of argument to the California 2nd District Court Of Appeal requesting their client's second-degree murder conviction be quashed and a new trial - a third - take place. Spector's lawyers argue that misconduct by both the prosecution and judge in the original trial should render its outcome void, and those arguments are being considered by the appeals court this week. As much previously reported, Spector was convicted for the murder of one time actress Lana Clarkson at his Beverly Hills mansion. She had accompanied him back to his home in early 2003 after meeting the producer in a club where she worked. At some point during the night she was shot dead. Spector claimed Clarkson had taken one of his guns and shot herself, while the prosecution argued it was the producer who pulled the trigger, probably by accident. They paraded a string of other women before the jury who said that Spector had at some point pulled a gun on them too during late night liaisons. At the first trial the jury couldn't reach a unanimous decision, but on second hearing he was found guilty and handed a minimum 19 year prison sentence, which he is currently serving. But Spector's legal team say the producer didn't get a fair trial, because of the actions of the prosecution and decisions of Superior Court Judge Larry Paul Fidler. In particular, they reckon that the testimonies of those aforementioned former friends of the producer who had had similar run ins with a gun wielding Spector late at night should not have been allowed, because they are entirely circumstantial and not relevant to the Clarkson shooting. Spector's new legal man Dennis Riordan says some of the judge's actions were "startling". But speaking for the prosecution, Deputy Attorney General Lawrence Daniels disputes Riordan's arguments, saying the evidence against Spector was so strong that any small procedural mistakes, had they occurred, would have been insignificant with regards the final judgement. The appeals court will now consider Spector's case. They could take up to three months to reach a conclusion. ![]() ![]() ![]() BIEBER, ARCADE FIRE NOMINATED FOR WEBBY AWARDS Website Funny Or Die has garnered a total of ten nominations, and the New York Times website has 18, while other nominees include the likes of Meryl Streep, Will Ferrell and The Angry Birds mobile phone game. Winners will be announced on 3 May, and a gala presentation will be held on 13 Jun in New York. NO SEX PLEASE WE'RE COLDPLAY FANS They asked 408 music fans whether, on a first date, they'd most likely "only meet up for a chat", or maybe kiss, or "go all the way if the mood was right". Responses to that question were then correlated with the respondents' favourite music, which is how it is that we now know that, if you're out for sex at the end of a first date, then you're going to be disappointed if you go back to their place and find Coldplay, Adele and Lady Gaga CDs next to the hifi. But if the iPod is full of Nirvana, Metallica and Linkin Park, then cancel all appointments and get ready for some action. According to the dating site, fans of Coldplay, Adele, Lady Gaga, Katy Perry and Kings Of Leon are least likely to have sex on a first date (in that order), while Nirvana, Metallica, Linkin Park, Kanye West and Gorillaz fans are most likely to. I wonder how many Metallica fans then use JLS condoms. ![]() ![]() ![]() FLEET FOXES MUSIC INSPIRED BY NICOTINE "Yeah. If you use a nicotine patch it can give you really insane dreams, really vivid and real", he's quoted as saying. "It kinda got to the point where I'd put a nicotine patch on before going to bed to see what would happen. You'd have these really crazy experiences in your dreams. It was fun". KITTY DAISY AND LEWIS TOUR 7 Jun: Potrsmouth, Wedgewood Rooms ![]() ![]() ![]() FESTIVAL LINE-UP UPDATES GET LOADED IN THE PARK, Clapham Common, London, 12 Jun: Patrick Wolf, Johnny Flynn, Slow Club, Los Campesinos! and Yelle lead the latest list of those willing to Get Loaded In The Park, that specific park being one in London that's already set to host Razorlight, British Sea Power and the newly Marr-less Cribs. www.getloadedinthepark.com/ LATITUDE, Henham Park Estate, Suffolk, 14-17 Jul: A solitary Lykke Li is the lone addition to Latitude's legnthy line-up, with The National, Suede, Echo & The Bunnymen, Glasvegas and Iron & Wine amongst the existing roster of acts keeping her in good company. www.latitudefestival.co.uk/2011/ LIVERPOOL SOUND CITY, Various Venues, Liverpool, 19-21 May: Having just announced the festival's day-to-day running schedule, Liverpool Sound City organisers have added a further few acts to the bill, with Frankie & The Heartstrings, The Computers, Our Mountain and Maverick Sabre amongst these. Black Lips, Yuck, Jamie XX and Kurt Vile & The Violators are a few of the most notable previous confirmations. www.liverpoolsoundcity.co.uk/ MELT!, Gräfenhainichen, Dessau, Germany, 15-17 Jul: Heading up a recent raft of freshly-announced acts are Jose Gonzales, Chase & Status, These New Puritans, Cold War Kids, Crocodiles. Patrick Wolf makes another appearance in today's festival segment as a fellow announcee, taking his spot on the bill alongside such previous bookings as Pulp and The Streets. www.meltfestival.de/en SUMMER SUNDAE WEEKENDER, De Montfort Hall, Leicester, 12-14 Aug: Ska legends Toots & The Maytals are flanked by Kitty Daisy & Lewis, Young Knives, Blood Red Shoes and Factory Floor in the latest unveiling of acts set to play Summer Sundae, joining the ranks alongside The Maccabees, Graham Coxon and McFly on an eclectic programme. www.summersundae.com/ THE GREEN MAN FESTIVAL, Glanusk Park, Powys, Wales, 19-21 Aug: Iron & Wine, Gruff Rhys, Noah & The Whale and James Blake are amongst a host of new additions fanning the flames of anticipation for this pyro-tastic Welsh music fest. They join an already-announced roster that's topped off by Fleet Foxes, Holy Fuck and Explosions In The Sky. www.greenman.net/ ![]() ![]() ![]() COPYRIGHT EXTENSION BACK ON THE EUROPEAN AGENDA As previously reported, lobbying efforts on the part of the record industry on copyright extension have been significant for years now, and officially UK government's policy is supportive of extending the term to 70 years, but copyright terms are a European matter and any extension would have to be EU wide. Back in 2009 significant moves were made at a European level thanks the efforts of EU commissioner Charlie McCreevy, with both the Commission and European Parliament backing an extension to 70 years. But when the issue reached the Council Of Ministers, ie ministerial representatives from each member state, things faltered, partly because some countries opposed the extension outright, and also because of disagreements on how far to extend the term, and whether to give some extra statutory rights to recording artists whose sound recordings are owned by a record label when the initial fifty years is up. With 2009's European elections providing a fixed deadline on the issue, in the end nothing happened and whole thing fell off the agenda. But according to reports, the current Hungarian presidency of the EU is hoping to reopen the debate before the end of June, giving record labels new hope that they might as yet meet the deadline of 1 Jan 2013 for having the copyright term extended. Hopes have also been heightened by the news that Denmark, who previously opposed extension outright, have now softened on the issue, possibly ensuring a smoother ride this time. Either way, expect the record industry's lobbyists in Brussels to be working some overtime in the next few months. -------------------------------------------------- UK GOVERNMENT SEEKS EU ADVICE ON CLOSING VAT LOOPHOLE As previously reported - after years of campaigning by smaller independent retailers, who argue that so called Low Value Consignment Relief gives an unfair advantage to bigger operations who can afford a Channel Islands base - Chancellor George Osborne recently pledged to take action against the loophole. Although his initial pledge to reduce the cut off for the relief to £15 and to review other options seemed somewhat non-committal, we hear Osborne's officials are now consulting their counterparts in Brussels on what can and can't be done regarding the tax relief, which has its origins in European tax law. As previously reported, those who oppose the loophole had already submitted a complaint to EU tax authorities claiming the UK had failed in its duty to ensure tax relief programmes do not distort the market. Previously the UK's Inland Revenue had defended its record in this area, but it seems that, presumably at George's command, officials are now admitting the VAT relief scheme has got out of hand and needs reining in. It is thought the government will, in due course, announce a number of products that will not be eligible for the relief, and it is believed that list could well include CDs and DVDs, which would in essence bring to an end the music side of this story. We'll let you know when we hear more. -------------------------------------------------- GEFFEN UK CHIEF TO EXIT UNIVERSAL -------------------------------------------------- MUSIC SALES PROMOTE BUTLER ![]() ![]() ![]() DUTCH GOVERNMENT TO STEP UP DIGITAL COPYRIGHT LAW Under the current Dutch copyright system, while uploading unlicensed content to file-sharing networks or websites is illegal, the downloading of such material is allowed under the private copy clause of the country's fair use provisions. But under new proposals from the government there, that would cease to be the case, meaning anyone who downloads music could open themselves up to copyright infringement actions. In the UK, where there has never been a private copy right, that downloading unlicensed music is illegal has never been in doubt, even if it's hard to do anything about it. The private copy levy applied to blank CDs and DVDs and directly linked to the old private copy right would also be abolished under the new proposals, which are supported by the country's anti-piracy group BREIN, who say that although the change in the law is important, they will not actually go after individual downloader's, preferring to target those who run the websites that enable file-sharing instead. -------------------------------------------------- SOUNDCLOUD LAUNCH NEW Q&A SERVICE SoundCloud big boss man Alexander Ljung told CMU: "To know your questions are actually being heard and answered by the people you admire is far more meaningful and exciting than simply using the written word. Takes Questions is fun, free and all about connecting people through sound. At SoundCloud we want to enable the sound creator in everyone, and we intend to continue innovating on our API, as we have with Takes Questions, to make that happen". For the lowdown on how all this works, check takesquestions.com/how-to and takesquestions.com/faq. -------------------------------------------------- PULP SET UP COVERS SITE Say the band: "Friends - during the process of learning to play the old songs again we have been consulting the versions posted by various persons on the internet. Very educational! So we thought we'd share some of our favourites with you. View them online at www.pulppeople.com and vote for YOUR favourites - or upload your own renditions if you think you could do better. Please get involved. It will be fun. We're offering a musical prize to the winner (if we can find them out in cyberspace)". As they say there, the website for this is www.pulppeople.com ![]() ![]() ![]() SKY TO SHOW BESTIVAL IN 3D Still, that the Sky channel is covering these and ten other festivals this summer is rather exciting. Also getting HD (though not 3D) airtime on Sky Arts will be Download, Hard Rock Calling, Latitude, Lovebox, High Voltage, Cambridge Folk Festival, Camp Bestival, Sonisphere, Cropredy and Rewind. -------------------------------------------------- WILL COWELL'S ROLE ON X-UK BE REDUCED TO SUPER JUDGE? As previously reported, there has been much speculation that Cowell will be too busy with the new US version of 'X' to appear on the UK version. It was rumoured he wanted ITV to shift the next series of the show into Spring 2012 so he'd have the time. Some reports suggest ITV bosses have been seriously considering that option, though others say the broadcaster is adamant the big earning show will take place this year. It had been suggested that Cowell could sit out the initial auditions but reappear for the live shows. But now it's being said that it will be impossible for Cowell to even attend those, with the latest plan seemingly that the Syco chief will appear as some sort of 'super judge', either by satellite, or on just the final handful of shows. But all this is idle speculation really, to be honest I'm not sure why I'm bothering writing about it. ![]() ![]() ![]() COURTNEY LOVE SELLING CLOTHES ON EBAY -------------------------------------------------- BIEBER COMPLAINS OF LACK OF HOLY RESPECT Anyway, Bieber wrote: "You would think paparazzi would have some respect in holy places. All I wanted was the chance to walk where jesus did here in isreal [sic]. They should be ashamed of themselves. Take pictures of me eating but not in a place of prayer, ridiculous... People wait their whole lives for opportunities like this, why would they want to take that experience away from someone ... Staying in the hotel for the rest of the week u happy?" Poor Bieber. The price of fame and fortune. Etc, etc. |
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