UMG Combines Digital & Physical Sales
UPDATED: The distribution arm of Universal Music Group has expanded its executive team and eliminated any division between physical and digital sales and marketing services. Promotions include Amanda Marks to. Continue reading
Stringer Consolidates Hold Over Sony Corp.
Is Knighthood Next? These have been tough times for Sony – major losses, a down global economy, less than stellar new product launches and an expensive purchase of the BMG. Continue reading
Major Layoffs At The RIAA
STORY UPDATE HERE. Several sources confirm major layoffs at record industry trade group the RIAA. Late last year EMI said it would drastically scale back its contribution to the RIAA. Continue reading
Eminem Lawsuit Could Cost Labels Millions And Mean Higher Artist Royalties
Eminem's publishing company, FBT Productions, is suing Universal Music Group for $1.6 million in unpaid royalties from digital sales. At stake are tens of millions of dollars and the very. Continue reading
Could EMI Be Worth Less Than $0.00?
Terra Firma chief Guy Hands has bought out three cash strapped investors in his private equity fund at a heavily discounted price rumored to be at or close to zero.. Continue reading
TotalMusic, Tunepost And Ruckus Shut Down
Universal and Sony backed TotalMusic, Tunepost – it's recently launched music widget, and Ruckus – the college music subscription service the company purchased last year have all shut down. The. Continue reading
Executive Shifts @ Atlantic, Universal, RCA
Larry Kenswil has left his position at EVP Business Strategy at Universal Music Group and head of its eLabs unit after almost 25 years at the label group. He joins. Continue reading
WMG Reports 34% Drop In Operating Income
Early this morning Warner Music reported it's last quarter's earnings to Wall Street. There was little good news in the report accpet perhaps that the major label group did not. Continue reading
Losses Continue As EMI Pays The Piper
Losses at EMI narrowed to $221 million (155 million pounds) in the last six months compared to $462 million (324 million pounds) in the previous half year. The company achieved. Continue reading
