Terra Firma on thin ice with EMI : EMI could be facing big challenges, including a possible sale of its physical distribution business. Terra Firma CEO Guy Hands has been asking for additional equity from outside firms just 3 months after the purchase, while some say that Hands is already disillioned with his purchase. (NYPOST)
Rockers turning into Hustlers: Bands are making less money since record sales are evaporating. Bands are getting creative in order to generate new revenue streams. Television commercials, tour sponsorships, and merchandise is now an essential piece of an artists portfolio. Read the column
‘ If it’s Retail, Is it Still Rock?‘ that discusses different brands rockers are pairing up with.
Marketing Britney: Sony BMG paid Britney a cash advance of nearly $4 million for the album. J Records are confident with the album and its commercial appeal that they are shipping 750,000 to one million copies of the CD to retailers even though she parted ways with her manager, music-business lawyers, and publicist. They expect first-week sales of roughly 400,000 to 500,000 copies. I hope J Records are keeping those fingers crossed since the first single “Gimme More” quickly lost momentum in radio airplay, a key driver for album sales.
Hulu to compete with Youtube: Fox and NBC prepare to launch a video site Hulu.com an advertising-supported online video site in a bid to seize viewers YouTube. It is not clear why Fox and NBC could not have cut their own content distribution deals without having to band together. It is equally unclear why anyone would go to the Hulu site if the content can be seen at larger web properties. (full article)
New Music: Check out the track Maybe Tonight by Colors in the Air.