|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
| back to top | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
LUCIAN GRAINGE TO BECOME CEO OF UNIVERSAL MUSIC GROUP Confirming he'd step down to make way for Grainge, Morris said this morning: "The time has come for Lucian to step up to the CEO role. I am very happy with the new organisation as I have been grooming him to succeed me for quite a while now. I know he is ready, willing and able to attack the challenges of the new decade". According to Billboard, the aforementioned Levy added: "I am delighted that Lucian Grainge has agreed to move to New York to take on the Chief Executive role. His track record speaks for itself, finding stars, growing revenues and building new business models. He has the right combination of experience and innovation to take UMG forward as the migration into the digital era accelerates. I would also like to take this opportunity to thank Doug Morris for the extraordinary results he has achieved over the years in a very tough environment". -------------------------------------------------- WARNER, PROFITS TURN TO LOSSES, BUT EVERYONE STILL UPBEAT In America, however, there are more critics of the Warner music company, possibly because, with it directly trading on the New York stock exchange, there is more scrutiny of its finances there. Plus, efforts to do the 360 degree thing at Warner US have generally involved setting up new divisions outside recordings and music publishing, and buying into digital start-ups, none of which has gone especially well, resulting in millions being written off. That said, despite Warner yesterday announcing it made a $17 million loss in the first quarter of its current financial year, compared to a $23 million profit the previous year, Wall Street types seemed quite upbeat about the company, having expected a bleaker financial report for the quarter up to 31 Dec 2009. And it should be noted that despite the losses, revenues were up across the board, with digital sales continuing to grow and now accounting for 20% of Warner's overall revenues. Warner themselves noted that their UK division was doing especially well, and that actually it was the major's US operations that had let the side down a little. It's also worth noting that the $23 million profit a year earlier was in no small part helped by a final payment stemming from Warner's sale of its stake in artist management company Frontline to Ticketmaster (what is soon to become the new artist management division of Live Nation Entertainment, of course). That particular effort by Warner to diversify its interests in other strands of the music industry was short lived but delivered a good return on investment. Despite the overall loss, comments by Standard & Poor analyst Tuna N Amboi (who possibly sounds more like he should be signed to the record company, than providing insightful analysis of its finances) were typical of the thoughts of most US investment types, when he said: "These numbers are encouraging relative to the industry-wide numbers. There's no getting away from the challenging environment for CD sales". -------------------------------------------------- BRONFMAN ON DIGITAL, APPLE, SPOTIFY AND EMI On digital, he observed that growth of the digital music market had started to slow, and added that that might be due, in part at least, to the introduction of variable pricing on iTunes just under a year ago, a move which, he acknowledged, basically amounted to a price increase of up to thirty cents a track in the US (20p a track here). While admitting that it was the labels who pushed for variable pricing on the market leading download store - Apple having resisted moving away from its one-price-fits-all system for years - he said that, with hindsight, to allow the thirty-cent per track leap to occur while the world was in such economic gloom was a mistake, even though the price increase only affected a small part of the overall catalogue on the Apple platform. But he said he was optimistic that the digital market still had much growing to do, adding that - pleasingly for the likes of Bronfman, who have never liked Apple's dominance of the digital music market - a bunch of new companies would start to eat away at iTunes' market share, in particular new subscription and mobile phone-based services. Bronfman: "There are a lot of people who see the extraordinary value that Apple has created, [and] you're going to see a lot of people try to emulate that value. The subscription models that we are promoting will create much more value over time than the per-play or per-purchase models. [And] the number of potential subscribers dwarves the number of people purchasing music on iTunes". That said, Bronfman aired some caution about aspects of one of the biggest new subscription services in Europe, good old Spotify. Despite providing content to the streaming music service over here, Bronfman didn't seem too keen about the free ad-funded Spotify service going live in the states. As previously reported, some US record label execs are concerned that if free Spotify launches over there it will hit the pay-to-use subscription-based unlimited music services, which have always enjoyed more success Stateside than over here. Some - and Bronfman indicated he's of this opinion - would prefer Spotify to enter the US market without the free option, or at least to make the free-to-use streaming bit much less user-friendly. On EMI, well, it's no secret Bronfman has long wished for the London-based major to fall under his control, and he was busy trying to stage a takeover back in 2007 before Terra Firma staged their bold acquisition. If, as some now see as inevitable, Terra Firma lose control of EMI to their financial backers Citigroup, it's thought Bronfman will be the first call the bankers will make. Actually, for Warner to acquire EMI now should be a much simpler process than in 2007. Then it would have been a merger, with numerous EMI execs eager to stay on board and keep control, no doubt arguing that it was they who had the key personal relationships with the big selling artists. They would have been right to say that, but Terra Firma sacked them all anyway, making a Warner takeover of EMI now much less tricky, with only a few redundancy cheques needing to be written to ensure Bronfman has supreme control over all corners of the EMI empire. Terra Firma have also already done the bulk of the jobs cull that would have been required had EMI and Warner combined their operations in 2007. Of course, the other tricky issue back then was the doubt that existed that European regulators would approve an EMI Warner deal, given the controversy that had surrounded them approving the Sony BMG merger in 2004. Bronfman had already struck an albeit controversial deal with key independent labels before Terra Firma beat him in acquiring EMI, which would have seen the most vocal opponents to SonyBMG giving EMI Warner their support, in return for never revealed concessions to the indie sector and its digital rights agency Merlin. But, just three years on, many doubt even that support would be required to get regulator approval. The continued decline in record sales would mean regulators would be more likely to view the impact of an EMI Warner in the context of the wider music sector, rather than just worrying that four major record companies were becoming three, as they would have in 2007. This makes the unstoppable growth of the newly combined LiveMaster, the increasing power of the Apples and Spotifys of this world in the music space, and, in the UK, the rise of the combined HMV/MAMA, all relevant. There's a strong argument a combined EMI Warner would make no real difference competition wise to the wider music business. Certainly that's what Bronfman thinks, and the possibility of him acquiring EMI is clearly on his mind at the moment. According to the New York Post, he said in his finance call yesterday: "We feel consolidation certainly is possible. Should it come to EMI's lenders having the opportunity to rescue value, they're going to try and rescue as much value as possible". -------------------------------------------------- WHITE STRIPES UPSET WITH US AIR FORCE LIL WAYNE SENTENCING POSTPONED Ahead of the rapper's planned sentencing yesterday, his legal people said their client needed some urgent "oral surgery" and was hoping to fly to Miami to see an oral surgeon, aka his dentist. With the prosecution not seeming to have a problem with the delay this dental work would cause, the judge hearing the case suggested everyone regroup on 2 Mar, and that they could throw the rap man in jail then instead. Wayne is due to serve up to a year in jail for possessing an illegal gun, but could get a few months cut off that for good behaviour and, possibly, possessing perfect teeth. -------------------------------------------------- PEREZ AND PEAS MANAGER SETTLE OVER MUCH MUSIC THUMPING As previously reported, criminal charges against Molina were dropped last November after the manager wrote a formal apology to the online gossip monkey, but civil proceedings continued. However, an out of court settlement was reached this week, putting the whole incident to bed. Terms of the deal are not known.
DAME KIRI TO BE HONOURED AT CLASSICAL BRITS No, let's sit back and think about the much more cultured world of the Classical BRIT Awards instead, shall we? They're giving their lifetime achievement prize to Dame Kiri Te Kanawa. I mean, that's a classy prize for a classy lady, and we don't need any prince to confirm it for it to be so. Though if the BRITs chiefs could arrange for Prince to give Kiri her prize, well, I'd tune in to watch that. Confirming that the Dame would be gracing the classical BRITs stage this year, the co-chairman of the Classical BRIT Committee, Decca Records' Mark Williamson and Avie Records' Barry McCann, told CMU: "We are thrilled that Dame Kiri has accepted our invitation to receive the prestigious Lifetime Achievement Award in our eleventh anniversary year. It is a fitting tribute to one of the greatest sopranos of our times who has befriended British audiences and helped to nurture new signing talent for so many years". MACGOWAN HAITI SINGLE RELEASE DATE ANNOUNCED
SOAP&SKIN ANNOUNCES FIRST ENSEMBLE SHOW ------------------------------------------------- BIG PINK ANNOUNCE UK TOUR The band re-release their single 'Velvet' on Monday on download and 12" vinyl. B-sides come in the form of a new version of the title track, plus a cover of Otis Redding's 'These Arms Of Mine'. Tour dates: 7 May: Oxford, Academy GLASTONBURY VOTES YES TO FLAGS As previously reported, the matter of flags is a contentious one, as the people who take them to festivals all then tend to put them on big sticks and then stand right in front of the main stages so that no one else can see anything. Despite this, the result came in at 55% in favour of keeping flags at Glastonbury, and 45% against, with votes cast from 71 different countries. In other Glastonbury news, an eBay auction organised by the festival's Emily Eavis has raised £120,000 in aid of Oxfam's Haiti campaign in just two weeks. Says Emily: "I'd like to thank everyone involved. Everyone's been so generous, it's fantastic to see how much people care. When we first had the idea of an auction for Haiti I never imagined we would raise so much. This should really help to rebuild some of what was lost". ALBUM REVIEW: Various Artists - Cold Waves And Minimal Electronics Vol 1 (Angular) Buy from iTunes
BRAINFEEDER PARTNER WITH NINJA TUNE The deal with London-based Ninja is a big step up for The Brainfeeder, which began as a way for Ellison to capture and champion LA's underground beat scene. He told CMU: "When I first started out, I was lucky enough to have great people take me under their wing and point me in the right direction. I'll never forget it, and I try to do my best to do the same for people I believe in. I know that what my peers and I are doing is really important, and I feel the music we've created is something that speaks to a new generation, so it's our responsibility to nurture and guide this movement we started". With a roster incorporating buzz names such as Lorn, Samiyam and The Gaslamp Killer, and with the next release for the label being a mini-album from Daedelus - who continues to work directly with Ninja Tune as well - Ellison's movement is taking shape. Commenting on the Daedelus release, Ellison said: "Daedelus was one of the first people I met in the LA scene, he hardly knew me or my sound at all and invited me into his home and shared stories and music with me when I was trying to find my way out here. He's been such a great and inspiring friend ever since. I feel like with this album we're close to coming full circle". New Brainfeeder albums from Lorn, Samiyam and The Gaslamp Killer are also planned. Meanwhile, in case you wondered, Daedelus is set to release his next full album for Ninja Tune, 'Bespoke', in late 2010 or early 2011. -------------------------------------------------- AUSSIE COLLECTING SOCIETY TOLD TO CONSIDER ANTI-MONOPOLY MEASURES As much previously reported, this is something the European Commission has been stressing about a lot in recent years, the result being European legislators ordering the collecting societies of different European countries to start competing with each other, partly by offering pan-European licences wherever possible. As we also previously reported - following a recent MIDEM debate on this issue - such moves by EU officials, collecting societies and some music publishers have arguably created a situation whereby the licensing of songs on a pan-European basis is getting more rather than less confusing. Some would also argue that the bigger European collecting societies are getting more powerful, to the detriment of the smaller ones, arguably making the music rights market place less competitive. Anyway, I digress. This is a rather long-winded way of telling you that the Australian equivalent of our Competition Commission has called on Australia's publishing rights collecting society - the Australasian Performing Rights Association - to introduce a raft of changes to ensure the music rights market down under is more competitive. In particular, they want to make it easier for rights owners and licensees to deal directly with each other should they wish to, even in areas where there is traditionally an obligation for those wishing to licence music to deal with the collecting society rather than the rights holders direct. Despite recognising the valuable role APRA plays in the Aussie songwriting community, the chairman of the Australian Competition & Consumer Commission, Graeme Samuel, told reporters: "APRA is a monopoly - with the power to price accordingly - and has rules that appear to unreasonably restrict direct dealing between composers and music users. Where competition can be injected into the acquisition and supply of performing rights in a way that does not jeopardise the other benefits or efficiencies APRA's arrangements produce, then this should be encouraged". APRA has until 1 Mar to comment on the ACCC's report on their operations, with other interested parties also invited to offer their opinions on the issue. So that's fun. GOOGLE REVEAL NEW SOCIAL NETWORKING FLIM FLAM Google Buzz was revealed yesterday, and is the web major's latest attempt to get into the social networking space, this time by transforming the Gmail email platform into a message, status, photo, video and link sharing bonanza on a level never before seen, well, not seen since you last closed Facebook anyway. There was a mixed reception to the new service among tech journalists and the blogosphere, with some pointing out that Google's last social networking product - Orkut - failed to take off in most countries, and some suggesting that the web giant would be better off trying to think of more innovative ways to move their company forward, rather than treading on Facebook and Twitter's toes. It remains to be seen if this is one of Google's big hits or damp squids. Their dabbling in the telephony space in the US certainly remains more promising in terms of it having the potential to totally change the way we communicate. Even if Google bosses were yesterday trying to big up Buzz as being a fine demonstration of where the web firm is heading. -------------------------------------------------- REAL'S RHAPSODY TO BECOME ITS OWN COMPANY RealNetworks will pump $18 million into the new company, while MTV will commit to provide the service with $33 million in advertising air time, though will be allowed to cancel its existing ad-time agreement with the service. The original agreement stems from when MTV first became a partner in the digital business, the result of it closing down its own US-based digital music venture URGE and merging that service's staff and subscriber base into the Real outfit. Real say that the restructuring of Rhapsody won't affect its label deals or 700,000 subscribers, and that the digital service will continue as normal. MTV LOSE 'MUSIC TELEVISION' TAG MTV's marketing head Tina Exarhos told the LA Times: "The people who watch it today, they don't refer to MTV as music television. They don't have the same emotional connection that, say, the people who are writing about [the change] do". Which surprises me. I wasn't aware that people still watched MTV. -------------------------------------------------- RIVMIXX LAUNCH NEW BLOGS Rivmixx boss Danny Mac told CMU: "In January we introduced genre feeds and now only a short four weeks later we're thrilled to have a bunch of talented music stars blogging on the site. Personally, I can't wait to hear what's on their playlists; their experiences at the top of the music world; and what they think's worth sharing with our growing community of Rivmixx readers". Robb added: "Calling all international stations, my radar is buzzing, I'm in pop culture overload and need space to communicate all this action. My blogs will be anything that fire me up from music to the energy, the sex style and subversion of the counter culture. They will celebrate the great and destroy the vile; they will be short, sharp shocks of the now". Rivmixx is at www.rivmixx.com, obviously. -------------------------------------------------- GUARDIAN SELL REGIONAL PAPERS So called MEN Media will become a division within Trinity Mirror, while the Guardian's South-England newspapers will be absorbed by the new owner's existing operations in that area. GMG's papers in Woking and Manchester TV station Channel M are not part of the deal, and it is unclear what will happen to them now that the Guardian's regional media division will all but cease to exist. The Guardian was once the Manchester Guardian, of course, but has been a primarily London-based newspaper since the 1960s. THIS WEEK'S SUBTV PLAYLIST A List BARRYMORE CLAIMS TO BE JEDWARDS' FATHER The dynamic duo were also on the show, and their mother was in the audience. Barrymore told the show's host Brendan O'Connor: "I happen to know their mother very well. Extremely well, and if you look very closely... Seriously, how old are the boys? Aged about eighteen now... I can't remember. I send them maintenance money. I don't wish to shock, I know the father is sitting there wishing they were his". When O'Connor tried to assure his audience Barrymore was joking, the unhinged former ITV star exclaimed: "How dare you take my children away from me? Outrageous". To be fair to Barrymore, if ever there were offspring that could conceivably have been conceived during alleged non-consensual gay sex in a swimming pool, surely it's these two? |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||