All posts tagged CKX

Bits & Pieces: More on Warners-Access Deal, Google Revealing Music Beta Today & more…

Google Music unveiled today?

Following the announcement last Friday morning that Len Blavatnik‘s Access Industries was the winning bidder in the Warner Music Group auction, late rumors bubbled that rival bidder the Gores brothers were considering an after-the-buzzer increased offer. While it would be possible, though it could create a hefty fine if the Blavatnik deal was broken, most have written it off as billionaire posturing, and expect the deal to finalize as announced.  Other fallout from the Access deal seems to include the possiblity of legal action from shareholders, concerned that their best interests were not represented in the accepted bid, with Dallas-based Kendall Law Group leading the charge… Meanwhile, Google is reportedly set to reveal their long-awaited music service today at its I/O presentation in San Francisco, in a ‘beta’ version, which has the company moving ahead without licensing deals in place with the four majors. Very similar to Amazon, Google Music for now will act as a basic ‘locker’ service, allowing users to upload music to a central server (cloud), and then stream music from Android devices. The main difference from Amazon is that Google doesn’t sell music, and most don’t expect any partnership with an outside digital music service to be part of the announcement. And while just as with Amazon, Google is expected to continue its negotiations with the labels in order to release a more robust service in the future, most are already crowning Apple as the winner in the so-called ‘cloud wars’ even though the company has yet to release any specific details. Apple, who is rumored to have already completed at least one licensing deal with the four major music companies, will surely complete deals with all four before stepping out, and the technology for the service is also said to be in place. Will June see an iCloud announcement?… Elsewhere, CKX, parent company of American Idol producer 19 Entertainment, has been sold to private equity firm Apollo Global Management. CKX also has interests in Elvis Presley‘s Graceland and the image and name of Muhammad Ali. The deal is said to be valued at around $509 million… And composer Hans Zimmer has signed with William Morris Endeavor. The move is part of a string of defections from the Gorfaine-Schwartz Agency (GSA) that has also included David Newman and David HolmesAmos Newman, formerly of GSA, is said to have been behind the moves after being recently brought into WME to start up a new division focused on moving touring clients into film, TV and videogames, as well as expanding the business of composers beyond traditional platforms.

[UPDATE: TechCrunch has a preview of the new Google Music Beta, which was unveiled this morning as expected.]

In Case You Missed It: Reading Recap

Chrysalis acquires over 45K copyrights in First State Media Group deal

All eyes were on EMI this week with the end of the quarter looming and no clear indication as to what kind of licensing deal, if any, would be struck at the last minute.  At the end of day no deal was made, and the new default deadline for the beleaguered music company and its parent Terra Firma appears to be June… Chatter that American Idol owner CKX, Inc. is in discussions to sell the company was confirmed on Monday… As we alluded to last week, Chrysalis has announced its acquisition of First State Media Group, whose S1 Songs and State One Music trade names control over 45,000 copyrights including the former Dreamworks catalog and Wind-Up catalog…  MP3.com founder Michael Robertson is preparing to take on internet radio with the rollout of his new service BYO.fm… Australian music start up Guvera launched a public beta in the U.S. on Tuesday… And Roadrunner Records will be releasing Korn‘s upcoming Ross Robinson-produced album Korn III – Remember Who You Are sometime this summer…