![]() |
|
|
|
|
|
bmusic Newsletter No.269 November 5th - November 19th 2007 Remember that talk of Europe's music giant EMI, the oldest record company in the world, being sold off a few months ago? The eventual outcome was private equity firm Terra Firma scoring the record side of the empire from rival bidder Warner Bros. And all this before the sub-prime crisis that has been somewhat punishing to the private equity caper as the cost of borrowing money got a whole lot more expensive for them. Terra Firma is playing hardball on EMI's stars already. Whether that's to do with the credit crunch, who knows, but it's obvious they want some better returns for their bucks than were previously enjoyed by EMI under it's former ownership. EMI have set records in the past in their singings, such as the contract negotiated with Robbie Williams for 80 million pounds around five years ago. These contracts are for advances and can prove very expensive if contracts the likes of Robbie's are negotiated and the downturn in revenue for traditionalists like EMI continue to fall. (Revenue was down 10% last year, largely due to competition from the internet). An internal memo has gone out at EMI from the new head, Guy Hands, stating the company would dump artists who don't spend enough time promoting their work. He also stated that the company would be "more selective in whom we choose to work with". While many artists worked hard, he wrote, some "simply focus on negotiating for the maximum advance...advances which are often never repaid." EMI's roster also includes Kylie Minogue, The Rolling Stones, Babyshambles, Iron Maiden, Joss Stone, Placebo, and many, many more. No doubt similar ideas would be floating around all the majors and the larger minors. There could be some very, very high profile stable cleanouts to come in the future, if EMI set the trend. And when that happens there will be an awful lot of managers sussing out the Prince model of delivering their client's work to their public. As always, some interesting times ahead in the music industry caper as the record companies continue their seemingly never-ending battle with how to exist in this digital age. As if we care, Britney Spears has been in the news a lot of late. Why would I write about this? Ordinarily I wouldn't but Billie Joe Armstrong of Green Day has weighed in on the Britney Spears saga, speaking to Rolling Stones magazine about her recent shocker of a performance opening the MTV Video Music Awards. He told the magazine, "People want blood. They want to see other people thrown to the lions. How could the people at MTV, the people around her, not know this girl was f**ked up? People came in expecting a train wreck, and they got more than they bargained for. She is a manufactured child. She has come up through this Disney perspective, thinking that all life is about is to be the most ridiculous star you could be. But it's also about what we look at as entertainment - watching somebody go through that." He speaketh the truth, and sadly it only seems to be getting worse. The shambles was replicated this week by the same network for the European Music Awards show. Another starlet in the spotlight for all the wrong reasons, Amy Whinehouse, was selected to perform at the award show held in Germany this week and reportedly fumbled through a lackluster performance, seemingly forgetting lyrics at some points in the performance. MTV heavily promoted Britney making her comeback appearance at the US show, no doubt they heavily promoted Amy Whinehouse performing at the European counterpart. Was that also to get those that wanted to see another troubled star "thrown to the lions" to tune in? In case you haven't heard, if you have a ticket to Led Zeppelin's reunion show in London for later this month you'll need to reschedule. (Of course, the chances of you having a ticket are 0.02%, and only then if you registered for the draw for tickets!) Jimmy Page busted a digit so the show, as part of the Ahmet Ertegun Tribute concert (in celebration of the life and work of the late founder of Atlantic Records with proceeds going to the Ahmet Ertegun Education Fund) has been rescheduled from November 26th to December 10th. That has likely put a spanner in the works for some of the 20,000 attending who were coming in from other parts of the world for the event. If the reschedule is of an inconvenience to you I'll be more than happy to take your ticket off your hands and I won't even charge you for getting you out of a bind :) The line-up for the show includes Led Zeppelin, Pete Townshend, Bill Wyman, Rhythm Kings, Foreigner and Paolo Nutini. A Where Are They Now? by request this week, one that might have a few people scratching their heads as to who the dude actually is, probably up until they realise the biggest single this gentleman was responsible for. Another much appreciated request from long-time subscriber Jimmy. Regulars including Feature Article, The Weeks Ahead in Music History, Featured Artist and more are all inside Issue 269 of the bmusic Newsletter. Links in the Table of contents below will launch your browser, so you'll need to be online to view the newsletter. If you are unable to receive html format e-mails then copy and paste the following link into your browser's address bar to view the newsletter: http://www.bmusic.com.au/links/whatsnew/newsletters/archives/newsno269.html Thanks to everyone for reading, we'll see you next issue! TABLE OF CONTENTS (You will need to be online to use the Table of Contents to jump through sections) Events Births Deaths |
WHERE ARE THEY NOW? - JOHN KONGOS
FEATURED PRODUCT - DIGITECH® VOCALIST LIVE MULTI-SMART VOCAL HARMONY FOR GUITARISTS
THIS WEEK'S FEATURE ARTICLE - FIVE PATHS TO $100,000 PER YEAR
FEATURED ARTIST - PAPER CHAMPION
THE WEEK AHEAD IN MUSIC
DON’T
WANT THE bmusic NEWSLETTER?
Copyright © 2007
![]()