All posts tagged Apollo Global Management

More Bits & Pieces: Former EMI Head Among Bidders for Label, Live Nation Links with Walmart & Lockerz, Palmese Departs & more…

According to an article in the New York Post, private-equity firm Apollo Global Management was among the initial bidders in the Citigroup auction of EMI, with former EMI North America head Charles Koppelman onboard as part of the effort. Those keeping score remember that Apollo recently acquired CKX, who among other properties, owns American Idol production company 19 Entertainment. It’s unclear whether more recent EMI chairman Charles Allen, is among any of the groups who bid on the music company – Allen expressed his interest back in April… A new partnership between Ticketmaster and Walmart was announced this week, with the retail giant set to sell tickets in stores via kiosks, offering fans a “very convenient way to learn about upcoming events, purchase and take home tickets without leaving their neighborhood,” said Ticketmaster CEO Nathan Hubbard… Ticketmaster owner Live Nation Entertainment is also reportedly a new investor in e-commerce start up Lockerz, a social-oriented service that allows members to earn points to put toward purchases, which now includes concert tickets. EMI is also ready to begin utilizing Lockerz, in a partnership that will see the label providing up to 10,000 videos to users, according to Billboard.biz. Insiders point to the Seattle-based service’s alliance with a full-service big name agency as a key component in the new tie-ups in the music space… Elsewhere, today is the last day on the job for RCA EVP of Promotion Richard Palmese, who is expected to head to Azoff Music Management Group in some capacity, reuniting Palmese, Irving Azoff and their middle fingers. As recounted in music business tomes, the two famously worked together at MCA Records during the 80′s and 90′s… And The Guardian examines the “on air, on sale” practice, recently adopted in the UK in an attempt to combat piracy, a policy which apparently has not been embraced by all labels uniformly. Meanwhile, music revenues in the UK were revealed to have dropped by £189 million in 2010.