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![]() ![]() HANDS CHATS ABOUT HIS EMI ADVENTURE Anyway, he was the boss of equity group Terra Firma, the dude who threw a few billion away acquiring the British music major, before sacking everyone, saddling the company with impossible debts, and then suing the bank that all the money was owed to in a disagreement over biscuits. Well, it's possible I've mixed some of that up. But whatever, Hands, has been chatting rather candidly about his short-lived dabblings with the music business, now happy in the knowledge that the EMI debacle - which, to be fair, was a rare if high profile screw-up for the Terra Firma business - is well and truly behind him. And other Terra Firma investments have been doing fine thank you very much, notes Hands: "We increased the value of our equity last year by almost double what we lost on EMI". But in an interview with Bloomberg, Hands freely admits that he and his team made some major mistakes when acquiring EMI in 2007 in a debt-laden multi-billion deal, though, he reckons, somewhat ironically given the backgrounds of Team Terra Firma (ie mainly City boys), most of the mistakes involved misjudging the state of the financial markets rather than the issues affecting the music rights industry. Hands tells Bloomberg "our ability to come up with strategy actually was pretty good", adding that the British major's market share "went from 9% to 17%" between his purchase in 2007 and when Citigroup sold the company on last year, and "that's an extraordinary movement in a declining market - so the strategy worked". It's true that the EMI that emerged from the turmoil created by Hands' arrival, and the axing of a plethora of senior execs at the major, was actually a pretty healthy business, with more joined up senior management and especially interesting developments in the label-services domain, an increasingly important part of any major's operations. Though whether that was the result of a clever design thought up by Terra Firma twonks in 2007 is debatable. Hands always seemed to have a good handle on the problems EMI faced, but less of an idea on what the solutions might be, other than instigating the brutal down-sizing that the bloated EMI arguably did need (though possibly not quite so much overnight). And it did seem from the outside that things only properly took shape once Hands, rather late in the day, decided to give EMI Publishing chief Roger Faxon control of the whole company. But whatever, Hands is right to say the really big problem for EMI was that it owed so much money to one lender, Citigroup, whicho became increasingly reluctant to lessen the draconian terms of the music company's debts (and who ultimately repossessed EMI and split it up for sale). And that occurred because of the infamous credit crunch, with radical shifts in the financial markets shortly after the EMI deal was completed in 2007 making it impossible for Hands to spread the load in terms of the music company's debts, piling on the pressure. And also providing some big PR challenges, it being very simple for journalists, artists and people everywhere to grasp that owing billions to one bank during one of the worst economic crises in history is a bit of a problem. Hands says he got it "completely wrong" when it came to predicting "what would happen in the financial markets". And on that front, many lessons have been learned, he told the business news channel: "Always take a ten-year view on any transaction, don't get saddled with massive debts to single lenders, and always ensure diversity in your wider portfolio. He concludes: "We've learned some very expensive lessons, we've been through a pretty severe whipping, but we've come out the other side". EMI, meanwhile, basically ceased to exist last year, though it's name will live on via various regional labels within the Universal Music empire and as a unit of the Sony/ATV publishing business, while the major's iconic Parlophone brand will become part of Warner (regulator approval pending). -------------------------------------------------- SPECULATION CONTINUES AS TO WHY BIEBER SHOW WENT UP LATE After radio silence from the official Bieber channels during the delay, immediately after Monday night's show and as the late start bizarrely became the biggest news story over British breakfast tables yesterday morning, Justin finally took to his Twitter feed at lunchtime. First, he claimed, reports that his show began nearly two hours late were not true, because he'd been due on stage at 9.35pm and his performance began at 10.10pm, meaning he was in fact "40 mins late to stage" (actually 35 minutes by those timings, but whatever). That delay, the Bieber said, was due to good old fashioned "technical issues". He added over a series of tweets: "There is no excuse for [the 40 minute delay] and I apologise for anyone we upset. However it was great show and I'm proud of that, and tonight we will run on time and look forward to putting on an amazing show for everyone in attendance. I never have any intent to upset or let anyone down. And I'm not okay with things being exaggerated. Once again sorry for anyone upset". So that's that. Though, whatever Bieber thought was his schedule, The O2's official website was certainly billing Bieber's show to begin at 8.30pm, which is presumably why so many parents were pissed off by the post-10pm start. Given that fact, one would assume said angry parents won't appreciate the Bieber telling them they actually only had to wait 40 (35) minutes longer than expected, nor that their kids - pulled out of the concert early due to the late kick-off - missed "a great show". Not that it really matters for the Bieber machine, because the Beliebers themselves probably can't comprehend being angry with their hero, and will instead channel all their energies into getting angry with the negative media coverage of the late start. In which case they should check out The Sun, which is claiming that the "technical issues" that caused the delay were an increasingly tetchy and self-absorbed Bieber having a bit of a diva moment. The tab quotes one unnamed staffer at the O2 Arena as saying backstage arguments caused the delay. Said that staffer: "He [Bieber] was arguing with members of his management, his family. It was a really uncomfortable atmosphere. His attitude was, 'I'm the star and I can do what I want'". The tabloid also quotes a mother of a fan in the audience, who claims O2 staff told her the same. Said Belieber mum Lindsay Gilbertson: "We were told he was kicking up a real fuss. He was saying, 'It's my show, I'll go out when I want to'". So that's all fun. Of course real technical problems do occur from time to time with big live shows, though in this day and age customers will expect updates on such delays via official social media channels, something the live sector is yet to get a handle on (yes, social media is good for communicating issues as well as updates on how brilliant everything is). Likewise if advertised start-times have been altered, pop fans surely have a right to have that communicated to them too, again utilising official social networks. Of course for the celebrity press, the assumption is that the late start is another sign of a Bieber breakdown, the latest in a string of mini-controversies involving the pop star. Whether there's any truth in that, well, we might have to wait for the much more interesting post-fame memoirs to find out. ![]() ![]() BLYTHE COMMENTS ON ACQUITTAL IN FAN DEATH CASE As previously reported, Blythe was accused of pushing teenager Daniel Nosek off the stage at a Lamb Of God show in Prague in 2010, causing Nosek to sustain head injuries that subsequently led to his death. The metaller was arrested over the charges when he returned to the Czech Republic last year. A trial began in the Czech capital last month but was postponed after a key witness fell ill, before resuming on Monday. Blythe proclaimed his innocence from the start, though also expressed deep regret over Nosek's death, and insisted he would comply with the Czech justice system to prove his innocence, even if that meant risking a five year prison sentence. Speaking towards the end of the trial, Blythe reportedly told the court: "I know I did not hurt or want to hurt anybody that night. I can understand the pain that the family of Daniel is experiencing. Daniel was a fan of my band. I had no wish to harm him. He was just a boy and I wish he was still here. If ultimately the Czech legal system sentences me to prison, I will do my sentence like a man". But the Czech court ruled that Blythe could not be help responsible for Nosek's death, in theory vindicating the musician, though the prosecution intends to appeal the ruling. Writing on Instagram after his acquittal, Blythe added: "I have been found not guilty and acquitted of all charges against me. I am a free man. Please remember the family of Daniel Nosek in your thoughts and prayers in this difficult time. I only wish for them peace. Thank you for your support - Randy". -------------------------------------------------- SONY SUES SWEDISH FILE-SHARER OVER BEYONCE LEAK The music industry, of course, has sued tens of thousands of file-sharers worldwide over the last decade, while a handful more have been targeted with criminal actions. More recent litigation against individual file-sharers, though, has tended to focus on the leaking of new albums online before official release, with labels arguing this not only effects sales of the record, but also screws up expensive marketing plans. According to Torrentreak, in this particular case Sony is suing for 1.5 million kronor, or $233,000, claiming that the defendant's actions impacted on its marketing strategy and sales revenue, plus hindered the major's relationship with Beyonce and her reputation. Six and even seven figure damages in lawsuits against individual file-sharers are not unprecedented, of course, the most high profile such cases having occurred in the US. Though such levels of damages often result in long drawn-out appeals, with defendants often being unable to pay anything like that sort of money even if they wanted to. And, arguably, such high demands by labels does further PR damage for the industry (and further damage to both Sony and Beyonce's reputation), even if they are well and truly in the right, legally speaking. JEPSEN AND TRAIN PULL OUT OF US SCOUTS SHOW OVER GAY BAN POLICY The US scouting movement's ban on gay people joining or working for the organisation has become increasingly controversial in recent years (more so than its bans on atheists, agnostics and girls), despite the group's right to have such discriminatory policies being upheld in the American courts. Both candidates in last year's US presidential election publicly criticised the policy, and recent reports suggest that there are now developments occurring within the scouting movement that might bring an end to the ban. But for the time being it remains, resulting in campaigners calling on both Jepsen and American rockers Train to pull out of the Scouts' July festivities as soon as their involvement was confirmed. Train were first to announce they had withdrawn from the jamboree show on the basis of the scouting organisation's discriminatory policies on gay members, with Jepsen following suit yesterday. In a series of tweets, Jepson wrote: "As an artist who believes in equality for all people, I will not be participating in the Boy Scouts Of America Jamboree this summer. I always have and will continue to support the LGBT community on a global level and stay informed on the ever changing landscape in the ongoing battle for gay rights in this country and across the globe". CHRISTIAN MUSIC CHART TO LAUNCH Launched in partnership with Compassion UK, an "international Christian child development and child advocacy ministry", the OCC says that the new countdown recognises a growing interest in the Christian music genre in the UK, noting that a "thriving live Christian music scene" also released no fewer than 600 albums last year, coupled with an apparent 3% rise in church attendance. Holy times. The Christian music genre is, of course, big business in the US, though has traditionally been more under the radar over here, though that's not to say there aren't specialist labels for the genre in the UK, of which Integrity Music is the biggest. It's releases from these labels that will be counted in the new chart, alongside new records listed as Christian music by the majors and other labels (most likely coming from the Christian music imprints of their American divisions). Confirming the new chart, which launches next week, OCC Charts Director Omar Maskatiya told CMU: ''The Official Charts Company is committed to profiling and celebrating all sectors of the UK musical landscape. The popularity of Christian and Gospel music to date has largely been demonstrated through its vibrant live sector, however with the launch of the Official Christian & Gospel Chart we can now, for the first time, shine the spotlight on those artists who are enjoying significant success through recorded music too. We look forward to working with Christian labels and supporting partner Compassion to bring the new chart and its featured talent to music fans of the UK". On what records would be eligible for the new chart, he continued: "To qualify albums need to have a strong 'faith' content; so it's not a case of just including artists with Christian beliefs, it's more about the repertoire. We will take new release information from Christian labels directly and supplement that with data from the UK majors who may be distributing US signed Christian artists". Though as with any new chart, eligibility criteria will be reviewed as the countdown develops. Welcoming the new chart, Jonathan Brown, MD of the aforementioned Integrity Music said: "This is a defining moment and changes the landscape for Christian and Gospel music in the UK. The development of this new chart will bring significant profile to this growing genre". It's customary in CMU reports on Christian music to end with some lame gag about God not being available for comment, but we sent that out on Twitter last night to save us the bother here. IMAGEM SIGNS PEACE And if you don't believe me, just take a look at what Imagem's Head Of A&R Michael Morley told CMU yesterday: "When I first heard Peace's 'Bloodshake' I just knew these guys were a far from ordinary guitar band. They obviously drew their influences from a wider range of sources than pop, whilst writing what is already an anthem. Their musical ambition was obvious, and their groove is inspirational in its own right". Confirming the deal, the band's co-managers Phil Hutcheon and Russ Tannen added: "When we first had a meeting with Michael he texted to say he'd be the man in the blue hat, yellow jacket and red shoes, and we just said 'you had us at blue hat'". Signed to Sony's Columbia label, Peace's debut album 'In Love' is released later this month. DIPLO REMIXES GANGNAM STYLE -------------------------------------------------- LILACS & CHAMPAGNE TALK NEW LP DANISH & BLUE One half of the band, Emil Amos, envisions this of his and L&C collaborator Alex Hall's new disc: "We want to twist the knife as far as it can go into sample-based methodology, by taking pieces of loner music history and empowering them to shed light on both the pathetic side of human life and its improbable beauty". 'Danish & Blue' is released via Mexican Summer on 22 Apr, but in the meantime, give one of its tracks, 'Sour/Sweet', the once over: Tracklisting: Metaphysical Transitions -------------------------------------------------- CHARLIE BOYER & THE VOYEURS TO RELEASE LP Fans can hear parts of it in advance in one of two ways, via the video for first track and past single 'Things We Be', and/or by going to one or all of the band's forthcoming live shows, the first of which is at The Quietus' Wire: Drill special at London's The Lexington on 21 Mar. LENNY KRAVITZ OFF GAYE BIOPIC CRAIG DAVID LISTS INTERNATIONAL DATES 19 May: Birmingham Institute ------------------------------------------------- FALLULAH TO HEADLINE NEW JA JA JA NIGHT You can shop for £5 advance tickets at this link. This, meanwhile, is 'Superfishyality', as features on Fallulah's 2012 LP 'Escapisms'. FESTIVAL LINE-UP UPDATE: FORBIDDEN FRUIT, THE XX'S NIGHT + DAY, EXIT AND MORE EASTERN ELECTRICS, Knebworth House, Hertfordshire, 2-4 Aug: Richie Hawtin, Kerri Chandler, Jackmaster, Spencer, Kyle Hall, Chez Damier, Gerd, Brian Sanhaji, Matt Tolfrey, Christophe & Lukas. www.easternelectrics.com EXIT FESTIVAL, Petrovaradin Fortress, Novi Sad, Serbia, 10-14 Aug: Snoop Lion, Bloc Party. www.exitfest.org FORBIDDEN FRUIT, Royal Hospital, Kilmainham, Dublin, Ireland, 1-2 Jun: Kasabian, Primal Scream, Crystal Castles, James Blake, Neon Neon, Lee 'Scratch' Perry, iamamiwhoami, Le Galaxie, Fight Like Apes, Kormac's Big Band, Tieranniesaur, Girls Names, Chic feat Nile Rodgers, Four Tet, Everything Everything, Woodkid, Austra, Daphni, Daughter, Cyril Hahn, Mykki Blanco, Bondax, New Jackson, Frank B. forbiddenfruit.ie NIGHT + DAY, Osterley Park, London, 23 Jun: Mount Kimbie, Kindness, Poliça. thexx.info/nightandday OFF FESTIVAL, Katowice, Poland, 2-4 Aug: My Bloody Valentine. off-festival.pl PITCHFORK MUSIC FESTIVAL, Union Park, Chicago, USA, 19-21 Jul: Joanna Newsom, The Breeders, Swans, El-P, Killer Mike, TNGHT, Chairlift, Sky Ferreira, ...And You Will Know Us By the Trail of Dead, Rustie, Mac DeMarco, Foxygen, Angel Olsen, Trash Talk. www.pitchforkmusicfestival.com ![]() ![]() WARNER OWNER INVESTS IN BEATS STREAMING PLATFORM As previously reported, development of the Beats streaming platform is being led by Topspin founder Ian Rogers with creative input from Trent Reznor. It will operate through a separate company, a subsidiary of the headphone-making Beats Electronics firm, and it's likely that is what the new investors have bought into. A number of investors have provided the $60 million, though perhaps most interesting on the list is Len Blavatnik's Access Industries, which has already invested in another streaming music company Deezer, and more importantly owns Warner Music. Blavatnik said of his latest investment: "Beats has the vision, the brand, the management team and now the investor group to effectively change the expectations and experiences of a music subscription service". Rogers, Reznor and Iovine have promised that their new streaming platform, most likely developed out of the existing MOG set up Beats bought last year, will crack the discovery thing in a way none of their more established competitors so far have. Time will tell. -------------------------------------------------- WARNER STRIKES NEW DEALS WITH GOOGLE Warner, often the hold-out on new digital services, and the last major to licence the Google Play download store and digital locker service, is reportedly the first to do a deal regards the new propositions. Talks are reportedly ongoing with both the Universal and Sony music companies, both of which will also likely want to do direct deals over publishing royalties as well as recording rights, the publishing businesses of the two mega-majors looking to withdraw from the collective licensing system in the US digital space. Sony and Universal may also want to consider any plans for a new premium music video element to YouTube in the context of VEVO, the music video platform the two majors co-own, and which operates in part as a spin-off of the main YouTube website. Warner Music has never joined the VEVO party, as either an investor or content provider. NICKI MINAJ FIRES STYLIST, MAKE UP ARTIST |
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