EMI Group’s new owners Terra Firma have ousted Eric Nicoli and shaken-up the music company’s board.
Nicoli, the CEO of EMI Group and EMI Music, has agreed to “step down” ahead of the music major’s expected Sept. 18 de-listing from the London Stock Exchange.
The European equity firm’s managing directors Chris Roling and Ashley Unwin have been inserted into EMI’s board.
Terra Firma is also forming a new governance structure, which will see the EMI board reporting into a new supervisory board chaired by the equity house’s CEO Guy Hands. (Billboard)
Rolling Stones guitarist Keith Richards has demanded an apology from Swedish newspapers for their scathing reviews of the group’s performance in the country earlier this month.
Critics gave thumbs down to the Aug. 3 concert at Ullevi stadium in Goteborg, with Expressen suggesting Richards was “superdrunk” on stage.
“This is a first!” the 63-year-old rock star wrote in a letter published by Stockholm daily Dagens Nyheter. “Never before have I risen to the bait of a bad review.
“But this time … I have to stand up … for our fans all over Sweden … to say that you owe them, and us, an apology.”
“There were 56,000 people in Ullevi stadium who bought a ticket to our concert – and experienced a completely different show than the one you ‘reviewed,'” the letter said.
“How dare you cheapen the experience for them – and for the hundreds of thousands of other people across Sweden who weren’t at Ullevi and have only your ‘review’ to go on.
“Write the truth. It was a good show.”
“I am not going to apologize for my subjective opinion,” Larsson told the paper’s Web edition on Wednesday. “It is Keith who should apologize. After all it costs around 1,000 kronor ($145) to see a rock star who can hardly handle the (guitar) riff to ‘Brown Sugar’ any more.”
It appears controversial site AllOfMP3 will appear in the near future. AllofMP3 sells non-protected audio formats at a significantly lower cost than other online music stores — it also operates illegally and engage in music piracy. Of course AllofMP3â€™s previous CEO was not guilty of breaching Russian copyright laws, and therefore the AllofMP3 service was legal. Russia receive royalties for the use of foreign artistic works, but never pass on that money to the artists or music companies, according to the International Confederation of Societies of Authors and Composers. These collecting agencies are thieves and frauds because they accept money while pretending to represent artists,” said Eric Baptiste, director general of the confederation. “They play off a bizarre aspect of the Russian law that we are lobbying to change.”
CD Baby is now selling MP3 album downloads at its website.
It looks like Apple will release a new IPod September 5th….
Father-In-Law: Boycott Winehouse Albums….
Reviews and ticket sales have been mixed for the old time rockers including The Rolling Stones, Aerosmith, Genesis, the Who, the Police and Black Sabbath who have been hitting Germany’s concert circuit.
Older rockstars touring Germany are part of a wider trend as bands try to compensate for falling record sales, but never before have so many old-established acts swept the country, known for its loyal rock fans, efficient organization and high ticket sales.
“You can see the trend most clearly in Germany,” said Christian Diekmann, chief operating officer at Deutsche Entertainment — one of Germany’s main concert organizers
“It’s got Europe’s biggest economy and the most purchasing power,” he told Reuters. “There are good-sized cities across the country and they all have football stadiums or good venues.”
“The question is ‘why are they bothering?’,” said Harald Peters, culture editor and music critic. “Some of these groups are just plain burned out. Others are just old and boring.
“They’re getting torn to shreds in reviews. I’m not saying all of them should have stopped at 40. But with some, it’s so bizarre and you wonder why. Do they need the money? Didn’t they get an education? Can’t they do anything else for a living?” CONTINUE READING
Trans World has posted another loss. CD sales have dropped another 15.1% in the U.S. according to Nielsen Soundscan. This has forced many stores including Trans World, Hastings, and Virgin Megastores to think of new business opportunities. “Trans World has 950 stores and we would expect them to continue to deemphasize music over the next 12-24 months,” said Richard Greenfield of Pali Research during a recent investor note.
The new Mya record apparently was delayed again. On March 5, 2007 the album’s first single “Lock U Down,” a collaboration with Lil Wayne, was sent to U.S. radio but failed to chart or sell noticeably, and thus the album was delayed once again, with a current schedule for a September 18, 2007 .
in2une Music is a new company that offers music promotion and marketing services, artist development, and digital music marketing.
Kyambo “Hip-Hop” Joshua has been named president of Columbia’s urban department.
Mark Cuban the 2.3 billion dollar internet entrepreneur has now claimed the internet is “dead and boring”. “We have reached the point of diminishing returns with today’s internet. The speed of broadband to your home won’t increase much more in the next five years than it has in the last five years. That is not enough to work as a platform for new levels of applications that will require much, much higher levels of bandwidth.”
KOAR recommended artist Cene will be signing to Asylum Records/Atlantic.
American Idol runner-up Blake Lewis signs a record deal with Clive Davis’s Arista.