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GUY HANDS ASKS BACKERS FOR ANOTHER EMI BAILOUT Certainly the chief of EMI owners Terra Firma, Guy Hands, recognises that the recent revenue boost at EMI Music is unlikely to be sustained throughout 2010 - however many press releases the company sends me telling us the firm has four titles in the US Album Top 10 this week. And this means the major will once again struggle to meet its commitments on the multi-billion dollar Citigroup loan Terra Firma took out in order to buy the music company back in 2007. Which is why Hands has reportedly asked investors in Terra Firma to inject another £100 million into Maltby Capital, the company through which the equity group owns EMI. It's not the first time Hands' financial backers have been asked to take a hit to keep his company's big music asset afloat, and last year they gave their backing to a plan to pump an extra billion into the music company on the condition Citigroup write off a billion of EMI's debts. That proposal fell through because Citigroup refused to play ball. But the Financial Times reckons this latest ask of his investors is the biggest test of the Hands' abilities yet. Some of his backers may well be wondering whether EMI will ever be anything more than a dead weight for the equity group. Meanwhile, with the equity man now in a legal dispute with Citigroup over their role in the original EMI acquisition, the bank is unlikely to cut him any slack if his investors prove unhelpful. The FT says that Hands has asked EMI Music boss Elio Leoni-Sceti for a reinvigorated business plan that can convince his investors that there is light at the end of the tunnel, even if it's an incredibly long tunnel. Apparently, proposals to flog off some of the firm's recorded music assets, such as its Japanese division or classical labels, were none starters because there was insufficient interest to ensure a buying price in line with the major's loan covenants with Citigroup. Some wonder whether there is really anything Leoni-Sceti can say or do that will have any impact with investors. A major problem for EMI these days is that its finances are never out of the news. Record companies make most money by signing next big things to three to five album deals, cashing in from the moment that band breaks to the point at which their original contract, tipped in the label's favour, expires. But such deals are, of course, very risky. EMI can no longer afford to employ the traditional strategy of signing ten such deals on the hope one comes good, but most bands with enough buzz and existing fanbase to sufficiently reduce that risk will be getting offers from multiple labels, and are unlikely to opt for the EMI deal given the major's uncertain future. Ironically, when Terra Firma bought EMI many of the firm's top execs (now all long gone) waxed lyrical about how private ownership - rather than being a public company trading on the London Stock Exchange - would ensure constant speculation about the firm's finances would stop. Actually, the reverse has turned out to be true - few people in the music industry really understand what fluctuations in share prices mean, but can very much get their head around the fact that doing business with a company saddled with a $4 billion debt is not without its risks. Though, actually, there is probably one business plan that Leoni-Sceti could propose that might just work - albeit a controversial one - merge EMI with Warner. Combine the two companies' recording and publishing catalogues into one massive music rights agency, adopting the model of BMG's latest move into the music business. With regards new talent, focus on Warner UK's interesting approach to 360 degree style business partnerships with bands rather than traditional record deals. And, from EMI, take the distribution division - or Music Services as it is now known - the one bit of the flagging major to have enjoyed a renaissance since Terra Firma's big purchase. Regulator approval for a combined EMI/Warner permitting, that, ladies and gentlemen, could just work. -------------------------------------------------- SIMMONS NOT CONVINCED OF JACKO'S INNOCENCE Says Simmons: "I knew Michael. I ran into him a few times. I met him the first time before he became the superstar, when he was sort of teenagey, when he was still a Jackson Five. But as time moved on, and no matter what my fond memories and fond images of Michael were, with one allegation of paedophilia after another and another and another... oh dear". He continues: "I knew some of the musicians he toured with, and specifically one who quit because of seeing boys coming out of the hotel rooms. And then you factor in that his travel agent was put on the stand and in court said that she was authorised to fly to Brazil and bring boys back to America for him...Well, you know, where there's smoke there's fire. There's no question in my mind he molested those kids. Not a doubt". He continues still: "There's never been a single female of any age that I've ever known about who has ever made a claim that she has had a physical relationship with Michael, ever.In fact, while he was alive, I never heard about mature men ever making that claim either - and believe me, you can't keep it a secret. If you're a celebrity, somebody somewhere will say, 'Oh yeah, I shagged him'.The only sexual references ever made about Michael Jackson that were made by anyone, anywhere around the world, have always been made by kids, and specifically males usually ten to fourteen years of age; never females, that age or older, and never grown men". Michael Jackson was, of course, accused of child abuse a number of times. However, on the one occasion he faced trial in a court of law, he was cleared of all charges. In other Jacko news, the late king of pop's former medic Dr Conrad Murray was not charged of involuntary manslaughter in relation to the singer's death yesterday, despite expectations that he might be. It's now thought that Murray, who is in LA with a newly assembled team of three lawyers, will formally hand himself into the authorities tomorrow morning. Rumours have been circulating all week that LA prosecutors are now ready to charge the doc, who is accused of being negligent in administering the drug propofol to Jackson shortly before his death. Murray's people say he continues to cooperate with police and the LA District Attorney's office, while maintaining he is not guilty of the manslaughter charges. Elsewhere, the judge overseeing Jackson's estate has given the OK for the executors of it - John Branca and John McClain - to formally charge a fee for their work, apparently 10% of any new money they generate for the estate, which will be rather a lot. According to TMZ, the judge also gave Branca and McClain the all clear to enter into new commercial deals on behalf of the estate without returning to court for specific approval. -------------------------------------------------- REATARD DIED OF OVERDOSE Reatard, real name Jimmy Lee Lindsey Jr, died on 12 Jan aged 29. KOOKABURRA PUBLISHER WINS DOWN UNDER COPYRIGHT CASE Larrikin won the right to fight the case after a separate court ruling last July confirmed them as owners of the 'Kookaburra' song. Sony Music and EMI Songs Australia, who respectively represent the recording and publishing rights in the Men At Work song, argued ownership of 'Kookaburra' was unclear because the song had come to popular attention when its writer, Marion Sinclair, entered it into a competition run by the Girl Guides in 1934. According to the terms of that competition the Girl Guides Association would own the rights, and Larrikin's claim to the song came via the Sinclair estate. But the court ruled Larrikin nevertheless had ownership. The copyright infringement dispute itself then went to court later last year, with Larrikin claiming Men At Work members Colin Hay and Ron Strykert nicked a substantial part of the 'Kookabura' song for the flute riff in their track. The judge hearing the case, Justice Peter Jacobson, ruled on the matter yesterday, saying: "I have come to the view that the 1979 recording and the 1981 recording of 'Down Under' infringe Larrikin's copyright in 'Kookaburra' because both of those recordings reproduce a substantial part of 'Kookaburra'. I am also of the view that Larrikin is entitled to recover damages ... for the infringements". However, he added: "I would emphasise that the findings I have made do not amount to a finding that the flute riff is a substantial part of 'Down Under' or that it is the 'hook' of the song". That aside could have an impact on the share of 'Down Under' royalties Men At Work, Sony and EMI now have to share with Larrikin, though the publisher's lawyers say they will push for up to 60% of the loot, which sounds optimistic, but there you go. All parties are set to meet on 25 Feb to discuss a financial settlement. Jacobson also ruled on the use of a similar section of the 'Kookabura' song in a Quantas ad, ruling that in that case no copyright was infringed. CREATIVE MINISTER TO STEP DOWN, LIVE BILL PROGRESSES But it's surely certain that the reason he has decided not to run in the upcoming General Election has nothing to do with the fact he was forced to pay back 21 grand following last year's MPs expenses scandal, money he used to pay rent on a flat owned by his sister. In his junior ministerial role Simon has been involved in presenting the much previously reported and three-strikes proposing Digital Economy Bill to parliament. Some have asked whether his decision to leave government will have an impact on the Bill. Well, I can answer that question. No. It won't. In other pop parliament news, the Live Music Bill proposed by Lib Dem Lord Tim Clement-Jones will get its third reading in the House Of Lords on 9 Feb after no changes were proposed at the Bill's report stage. This is the bill that proposes a number of changes to the 2003 Licensing Act to make it easier for small venues to stage music events. With the Bill now set to head to the House Of Commons for consideration some are asking whether, despite being Lib Dem proposals, this legislation could now become law. I can answer that question too. No. It won't.
DISPUTE OVER GOLDSWORTHY'S DFA STATUS Speaking to Resident Advisor, James Galkin said: "Tim Goldsworthy moved away to somewhere in the United Kingdom, without informing anyone here at DFA. We have had no word from him since he left the United States. So, we moved on with our lives and our business. Simple as that. He most definitely took a piece of us when he left, but we wish him the best with whatever he gets up to next". However, Goldsworthy refutes this. He says his move back to the UK was not linked to his involvement, or not, in DFA, rather he moved back here because most of his production work is based in this country, plus he feels Britain is a better place to bring up his family. He says: "I haven't left. If that was the case then, well, Murphy's never there, because he's always touring or in the studio, so that would mean he left, I don't know, nine years ago or something?" Although he admits he has done little work with the label in the last two years, he remains co-owner of the company, so it's possible that both men are technically correct. -------------------------------------------------- STUMP CONFIRMS FALL OUT BOY ON INDEFINITE HIATUS He told Spin.com: "I'm not in Fall Out Boy right now... I'm really not worried about Fall Out Boy. I'm so psyched about where I'm at right now, recording this solo album. Whether we play again or not, I don't know. If we do, it will be for the right reasons. If we don't, it will also be for the right reasons". He added: "One way or another, the band will always be around. Steven Tyler isn't in Aerosmith anymore, but his gravestone will [still] probably say something about Aerosmith". Yeah, I'd be careful what you say Stumpy, I'm not sure Mr Tyler's lawyer would agree with the first half of that sentence. -------------------------------------------------- BRIAN MCFADDEN NOT RETURNING TO WESTLIFE SHOCKER Well, for the none of you who have been wondering about this question, the Life's Kian Egan has resolutely told Angry Ape, who asked if McFadden would ever rejoin the group: "No. He doesn't live in this country and he's not in the music industry anymore. He has a new life in Australia. We're all still very good friends, but he left Westlife for a reason". RONSON GETS ORIGINAL WITH COVER STARS Speaking to the NME, Ronson explained: "There's no covers, and no horns. It's written with some of the people that actually wrote the songs I covered on the last album and that I didn't actually even know at the time.It's quite interesting to write songs from scratch with those people, like Dave McCabe of The Zutons who wrote 'Valerie', and Nick Hodgson of Kaiser Chiefs". Other guests on the album include Santigold, Scissor Sisters, Cathy Dennis, rapper Pill and Miike Snow. Asked when it would be released, Mark said: "Probably May, June. Depends how quick I can get it done". SCROOBIUS PIP TO PUBLISH BOOK 'Poetry In (E)motion' will hit the shops on 26 Mar and features everything from "rough and ready illustrations to slick graphic design, full comic strips to one-off art pieces" from more than a dozen artists, who have created their own representations of songs including '1000 Words', 'When I Grow Up', 'Rat Race' and 'Thou Shalt Always Kill'.
EDDY TEMPLE-MORRIS TO LAUNCH TINNITUS AWARENESS WEEK As his first piece of work as an 'ambassador' for the BTA, DJ and presenter Eddy Temple-Morris, himself a tinnitus sufferer, will kick the week off with a very special free event in London. Dubbed 'One Tune: One Cause', Eddy has pulled together a group of more than 25 DJs and musicians, all of whom have tinnitus, who will take it in turns to play one record each to make up one complete DJ set. Those on the bill include Eddy himself, Adam F, Jon Carter, Way Out West, Lottie, Streetlife DJs, Burn The Negative, Wrongtom, Cassette Jam, Losers, Jagz Kooner and more. British Tinnitus Association representatives will also be on hand to offer advice on protecting your hearing, and bespoke earplugs will be available for a discounted price from earplug manufacturers Musicians Hearing Services. Writing about his experience of tinnitus in CMU Daily's sister bulletin the Remix Update, Eddy says: "I remember the carefree days of going to a gig, blasting my eardrums with glorious and beautiful music, then getting home with a ringing in my ears. It would last for a few hours, maybe a day. I thought it was just part and parcel of going to a gig. Van Halen at Birmingham Civic Centre Coliseum in Alabama set an unbeaten record of about a week, but it always went away eventually. Then, one day, about a decade ago... it didn't". He continued: "I have a constant high-pitched tone in one or both of my ears, and it's something I carry with me always, wherever I go. I don't notice it in the day, there's too much ambient noise in London, even at night. It's when I go somewhere really quiet, in the countryside, that it really affects me. I lie down to sleep and, with the absence of planes, trains and automobiles, I realise the awful truth that I cannot hear the silence. That lovely sense of total quiet, of blissful peace, is something I will never experience again". He adds that through the advice of the BTA and a bespoke ear-plug from Musicians Hearing Services he has managed to reduce the impact of the condition, but that he is still committed to educating as many gig-goers as possible about the risks of exposure to very loud music, and of what they can do to reduce those risks. He explains: "As long as I have the power to do something about it, I'll communicate, pressure, evangelise, talk, listen, rant, and anything else I can think of to make sure that you don't find yourself in the same position as me and all these other huge-hearted artists on the bill at this show, of never hearing silence again". You can read Eddy's full piece on Tinnitus, and his advice for avoiding it, in this week's Remix Update. Access and subscribe at www.theCMUwebsite.com/remixupdate One Tune: One Cause takes place at Cargo in London on 8 Feb from 8pm to midnight. Entry is free, though donations to the British Tinnitus Association are welcomed. ------------------------------------------------- STILL FLYIN TOUR DATES Listen to 'Runaway Train II' on SoundCloud here: soundcloud.com/createspark/sets/still-flyin-runaway-train-ii Tour dates: 4 Feb: London. Proud Galleries GLASTONBURY PUT FLAG BAN TO THE VOTE As previously reported, Glastonbury Festival organisers have been reluctant to impose a ban on flags, unlike Reading and Leeds last year and Download this year and, when asked about the issue earlier this week, Glasto chief Michael Eavis said that flags would stay, though added efforts would be made to ensure a clear view of the stage for all audience members. However, the issue just won't go away, so now they've put it to the vote. Say the folks behind Glasto: "The topic of whether flags should be banned from in front of the Pyramid Stage at the festival seems to have been cropping up a bit recently. Our gut feeling here at Festival HQ is that they shouldn't be banned, as we think they add to the magic of a big Pyramid stage performance. But we wanted to find out what you folks think". It's tight at the moment, cast your vote here: www.glastonburyfestivals.co.uk/news/should-flags-be-banned-from-glastonbury LIVE REVIEW: Reel Big Fish at Koko in London on 28 Jan It was a pretty young crowd, but everyone seemed to be massive fans and there was no self-consciousness or irony on display. These guys just love their ska punk and it didn't take long to understand the appeal of a show that was designed for fun and entertainment, with never a moment where the band took themselves seriously. Coming out to the strains of 'Superman March' and hammering through some high tempo tunes, they never really let up throughout. Not being particularly up to speed with the oeuvre, it was the cover versions that stood out for me, taking 'Brown Eyed Girl' in a spiky direction, sending A-ha running for cover and even rocking out Metallica at one point. The exuberance on stage spilled over into the moshpit and for the encore the stage was about as full as you can imagine with support acts, crew and other randoms joining in the madness. They also took apart one of their songs and played it in several different styles, just to show that they are actually very competent musicians, from country to old school rap they did a convincing job. I'm not sure I'm converted entirely but as far as a live experience goes it certainly beat another dull indie band mumbling into the microphone. IM Buy from iTunes
WHAT DO WE MEAN BY DIY? This was the conclusion - well sort of - of an interesting session at the New Music Seminar in LA this week, exploring the ways bands can connect with and sell to fans without the need for a traditional record label and/or music publisher relationship. Such music business events have been talking about bands employing a DIY model for a few years now, but what is increasingly clear - and was obvious from the start really - is that such a model doesn't mean bands working in total isolation, because there are only so many hours in the day, and people who write nice lyrics and deliver a kick ass performance on stage aren't necessarily the best people to be writing fan newsletters and designing logos and managing mailing lists. But, crucially, what the internet means is that new bands can build fan base and develop revenues without doing the traditional record label deal. Providing they aren't eager for a big upfront cash injection, of course, or that their future pop career is pretty dependent on a Radio 2 b-list placing. Speaking at NMS this week, Ian Rogers of the increasingly admired (and now entering the European market via an alliance with [PIAS]) TopSpin said, according to Digital Music News: "[For bands it is no longer a case of] 'oh I need a label', [now it's] about, 'oh I need a partner'. The value chain is moving from what used to be artist-label-distributor-retailer-fan to artist-marketing partner-technology-fan. There are a lot of people who are going to be in that technology box, and there are a lot of people who are going to be in that marketing box". Or, as ReverbNation's Michale Doernberg puts it: "I'm tired of hearing about 'DIY, I don't need a label' crap. Tired of it. Because the truth is that everybody needs advisors. The question isn't 'do you need help?' - the question is, 'who?'" So, all you new bands out there, before you hand over your destiny (and copyrights) to a record company, don't forget to give the TAWYRNTGIIYMCIMNBATRLAWN model some consideration.
ARTIST RECOMMENDATIONS COMING TO SPOTIFY In fact, some may already have found their Spotify player updated with the first stage of this, a new dynamic 'related artists' tab on artist overview pages, which will suggest similar acts to listen to. Previously the data in this section of the player has been linked to tagging data from AllMusic, meaning it has been fairly limited for many artists. Erik Bernhardsson, Spotify developer and project leader, told CMU: "Artist recommendations have been fine-tuned meaning music fans can now dig down much deeper into the Spotify catalogue. Improving the way in which Spotify users can discover exciting new artists and music in general, such as by sharing playlists, will play a vital part in Spotify's continuing evolution. This is only the beginning". -------------------------------------------------- FACEBOOK SAY NO CURRENT PLANS FOR A MUSIC SERVICE There has been chatter for years now that Facebook would launch some sort of proprietary music service to compete with MySpace's music platform, the strong link to music being the latter's only real USP over the former for sometime now. For a while Facebook were in talks with Universal's ultimately canned digital music venture TotalMusic, and had Universal been able to persuade all of its major label competitors to get involved (it was Warner who were the main hold out) a Facebook-branded TotalMusic streaming and download service might now be operational. After Facebook and TotalMusic stopped working together, talk of a Facebook music service died down. But MySpace's acquisition of iLike last year made some speculate that Facebook might again look to create some sort of official music facility, given that iLike control the most popular music-based third-party app used by Facebook users. TechCrunch approached the social networking firm for clarification on its music plans this week, after someone noticed a mysterious official looking 'music app' was appearing in some people's application settings lists on Facebook. But the social networking company say that was a mistake. If Facebook have decided once and for all to stay out of the digital music domain that's probably good news for MySpace, who are increasingly positioning themselves as an entertainment platform rather than a true social networking community. It's just a shame that the expanded MySpace Music service - launched here in the UK late last year of course - is so totally awful. It's enjoyed some success in the US, but when Spotify launches there (or more American music fans start to discover Grooveshark), you really have to wonder how long MySpace's music service can continue to trundle along in its current form. BOWERS DISCUSSING POSSIBLE BASSHUNTER COLLABORATION The former Another Level star is hoping to capitalise on his recent stint on the celebrity reality show, which was, after all, watched by literally a handful of people, and he's told the BBC that DJ gigs are now flooding in aplenty while a few labels have apparently already been in touch, which is either a lie or evidence that record industry really is in the shit big time. Bowers says: "I've got some good opportunities to do some great bits of writing with different people. Jonas is talking about doing something, which I might try and do". -------------------------------------------------- TOO MUCH FAKERY IN MODERN POP, SAYS MILLI VANILLI MAN Of course, Morvan and his Milli Vanilli bandmate Rob Pilatus remain the only artists in the history of the Grammys to return their award, after it was revealed subsequent to their win in 1990 that they had not sung any of the vocals on their album 'Girl You Know It's True'. Their people didn't need to employ anything as hi-tech as Autotune on the duo's vocals, going the old fashion 'use session singers' route instead. It's all still a bit of a sore point, it seems. Morvan insists that, contrary to popular opinion, the duo weren't forced to return the Grammy for Best New Artist after their secret was revealed. He said: "We wanted to give the Grammy back. We felt in our hearts that it would be a good gesture to do that. But [the press] made it look as though [Grammy organisers The Recording Academy] wanted it back. They could have come to my house and gotten it". |
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