Big news last week in the music industryÂ Chairman Donnie Ienner and President Michele Anthony exiting Sony Music Group. Its also heavily rumored that PresidentSteve Greenberg has exitedÂ Columbia Records. Same news all over again, nothing changes with the constant executive shuffle; the old proverb says it best, “What has been will be again, what has been done will be done again; there is nothing new under the sun.” According to sources the fact is “The Sony labels’ acts are not selling records at the moment. “The company is pretty cold, and the BMG side isn’t,”(HR 2/13). Don’t forget to mix some politics into the equation, and with that said…welcome to Disney World ladies!
The market is still talking about XM Satellite and its recent troubles. It appears that Sirius Satellite Radio is making some right decisions as XM is making all the wrong moves. During the month of May, Sirius’ stock price declined only 5 percent to $4.41 while XM’s dropped a more precipitous 21.5 percent to $14.69. Quoting from the NY Post“We think the market has lost faith, and unfortunately, what used to be XM’s premium over Sirius (confidence in its management) has been eroded,” adds Peck. If the divergent path of Sirius stock continues, XM’s share price premium may soon be eroded as well.
Believe it or not, there is a Russian web site that allows visitors download albums for less than $1 US. Supposedly it’s a smash with music buyers — but not with U.S. trade and music industry officials.
Viral video sharing is the new nemesis for the music biz. YouTube, MySpace, Google Video and iFilm have sparked a new revolution. The distribution taking place is happening without the approval of record companies. According to reports the Recording Industry Association of America has been stepping up its efforts to stop sharing of popular videos on such sites, particularly on the rapidly expanding YouTube, which now claims more than 6 million visitors and 40 million streams daily. “The RIAA recently issued cease-and-desist letters to YouTube users sharing videos from the likes of Nelly Furtado, Beyonce and Rihanna.” “The RIAA estimates that sales of music videos topped $3.7 million in three months, after being introduced in October. Meanwhile, the major labels also are sharing in the profits of ad-supported video-on-demand offerings from AOL, Yahoo, Music Choice and others”
Unsigned 80’s influenced Los Angeles based A Kiss Could Be Deadly that consist of 4 bored punk kids recently completed a 5 song EP titled the Point Noise Sessions. Think Berlin meets early No Doubt. This 4 piece is fronted by young new comer Lauren Baird that had only sung karaoke in front of a few people and supposedly completed all of her vocal parts in only a few takes. Recently picked up my All American Rejects Management. For more information email
Ryan Kuper. Check out the tracks Only in Darkness, The Exit, and
And So it Ends.
June 2ndHuntington Beach, CA – The Marlin
June 9thRiverside, CA – Babylon
June 10thRiverside, CA – Under The Grind
June 14thLong Beach, CA – Que Sera
June 18thLos Angeles, CA – the Knitting Factory
Dixie ChicksÂ – 525,629
Tool – 65,292
Pearl Jam – 41,614
James Blunt – 33,246
Godsmack – 26,715
Kelly Clarkson – 25,573
Buckcherry – 17,787
Wolfmother – 12,983
Hawthorne Heights – 7,058
Thursday – 6,804
Staind – 6,666
The Dixie Chicks have become the first female group in chart history to have three albums debut at #1. The Dixie Chick’sTaking The Long Way has just debuted at #2 in Australia. The Dixie Chicks will sit down for an in-depth interview on “Larry King Live” tonight, Wednesday, May 31. The Dixie Chicks are one of the most popular live acts in history
having sold more than $100 million worth of concert tickets during their career. Buckcherry continues to blow away expectations with another solid week of sales of 17,787k. Illegal downloading hasn’t stopped former Idol Kelly Clarkson from selling more than 5 million records. Did Staind make a deal with the devil? this week sales 6,666k.
Unsigned Los Angeles based AllRise have crafted a new record titled
These Questions Have No Answers, that captures the energy, musicianship, and thought-provoking songwriting that have made their melodic hard rock familiar to thousands of fans. The record was produced by
James Murray (Janeâ€™s Addiction, Papa Roach). To make contact – firstname.lastname@example.org or legal Danny Passman – 310.864.5203.
June 3rd Flagstaff, AZ – Johnson Freedom Festival
June 8th Los Angeles, CA – The Troubadour
July 29th San Diego, CA -Â Ken Club
XM Shares Drop: Grim Future.
“XM, which competes with Sirius Satellite Radio Inc. in the emerging business of selling nationwide radio service delivered by satellite, said it now expects to have 8.5 million subscribers by the end of the year, down from its previous estimate of 9 million”
The Grim outlook is due to the high expense for signing up subscribers. Lastly, XM was sued by major record companies over a new device that can store up to 50 hours.
30 year old KT Tunstall walked away with the Ivor Novello music award. She has become the most successful singer-songwriter to come out of Scotland. Her single Suddenly I See won best song at the London event, known as the “intellectual” music awards because they honour songwriting talent.Â A 30 year oldÂ woman winning an award? is this true? Does this mean that you don’t have to grace the pages of US Weekly to create national attention? Does this mean you don’t need to rap with Jay Z? I can’t bloody believe this. This must be a dream.