EMI Hits Another Sour Note
EMI shares dropped another 12% after it announced yesterday that sales January through March 31would drop 15% and earnings would miss analysts’ estimates. The company had already warned in January. Continue reading
The Indie Vs. Major Debate Circa 2007
The Sunday Times online took a fairly balance look at the major vs. indie debate form the artist perspective. Do you need a major to have mega-success? Is being owned. Continue reading
Warner Music Group Goes Green
As part of its ongoing environmental initiative with the Natural Resources Defense Council, WEA, the U.S. sales and distribution company of Warner Music Group Corp.has announced that all of its. Continue reading
EMI In Talks To Sell Catalog As MP3’s
Major news media are now reporting something Hypebot’s been writing for week’s, EMI is in talks to offer a large portion of its catalog as DRM free mp3’s. Various sources. Continue reading
WMG Earnings Down But Still Profitable
Total revenue of $928 million for the first quarter of fiscal 2007 decreased 11% from the prior-year quarter or 14% on a constant-currency basis. Digital revenue was $100 million, or. Continue reading
Warner Music Stock Falls On Anticipated Earnings Drop
Thanks to successful cost cutting and some fancy footwork, Warner Music has been a Wall Street favorite when compared to other music stocks. But by mid-afternoon Tuesday WMG stock was. Continue reading
Rick Rubin In Talks To Co-Chair Columbia
Producer and American Recordings head Rick Rubin is considering an offer to become co-chairman ofColumbia Records. He would run the label alongside current chairman Steve Barnett. Last year Rubin produced. Continue reading
EMI Restructures Caroline
As part of an aggressive cost cutting and restructuring EMI has reorganized its Caroline "indie" music division into three distinct units focused on repertoire, artist development and independent distribution. The. Continue reading
The A&R Merry-Go-Round Spins Faster
According to The A&R Registry, the recent reorganization at Sony has resulted in two of their divisions closing (Sony Urban and Sony Classical) and over eleven A&R staffers in Los. Continue reading
Sony BMG Refile For EU Merger OK
Sony and Bertelsmann have refiled for EU regulators to approve a 2004 deal the combined the music companies, the European Commission said Thursday. Regulators are re-examining the deal they cleared. Continue reading
