Round Up: Dr. Luke Sony Label Deal (Finally) Announced, EMI Auction Drags On & more…
Doug Morris' "new Jimmy"
In a New York Times feature on Doug Morris yesterday, included among the expected platitudes from the new CEO of Sony Music, like describing his plan for the company as simply “to help create the pre-eminent record company in the world,” was the clever and first official disclosure of a new label deal with producer Dr. Luke, which will see the expansion of his current imprint with Sony, Kemosabe Records. The news, which we exclusively revealed back over the summer (with the New York Post picking up the item shortly after), comes with similar overtones as we initially reported, which is Morris is attempting to recreate his successful investment and development of Interscope Records with Jimmy Iovine at Universal Music Group. The new deal, which has been in negotiation for many months, will put the label on equivalent footing as Epic, Columbia and RCA, and also includes exclusivity at Sony for Dr. Luke’s producer services for five years – a component that smacks of Sony’s soon-to-lapse agreement with Rick Rubin, whose production work outside of their label system has been noted by many as part of the arrangements overall failure. Also central to the Kemosabe deal is the purchase of a significant stake in Dr. Luke’s publishing by Sony/ATV, a move that will give the pubco an interest in what has been Luke’s highly-successful songwriting operation, which includes a stable of of up-and-coming pop composers with numerous chart-topping credits. Observers are drawing similarities to previous high-dollar publishing investments in hitmakers at their pinnacle, like Kara Dioguardi’s Arthouse Entertainment deal… Meanwhile, Citigroup’s auction of EMI is dragging on longer than the bank would like, with plenty of spin and speculation surrounding the action for the recorded music division. Last week saw the twist of Warner Music Group owner Len Blavatnik, pulling his bid from the table after Citi wanted him to increase the offer, though many see it simply as a negotiating tactic from the Access Industries owner. In turn, Universal Music Group, who previously was thought to be out of the running, is being touted as potentially back in, with the New York Post reporting the two sides are scheduled to meet today, though UMG’s last offer fell below Blavatnik’s. On the EMI Music Publishing side, the deal is still seen as BMG Rights Management’s for the taking… Elsewhere, in related news, David Bowie is reportedly on the verge of leaving EMI, which would end a 15-year relationship that gave the label rights to a large part of his catalog of classic albums. Discussions are said to be taking place with both Universal and Sony… And South African hip-hop enigma Die Antwoord are leaving Interscope Records, seemingly as abruptly as they were signed to the label in early 2010. The group, who has a publishing deal with Sony/ATV, will soon be releasing their second album via their own new label ZEF RECORDZ.
07.13.10Tuesday Bits & Pieces + Prince’s Plan to Save the Newspaper Industry
Prince's 20Ten Boosts Newspaper Sales & Floods File-Sharing Sites
With the free release of his new album 20Ten, bundled with various newspaper’s in the UK including The Daily Mirror and The Daily Record, Prince single-handedly rose sales to 334,000 from previous Saturday’s numbers of the former and boosted sales for the latter by 45,000… Oh, and the internet? Announced as deceased by the Purple One, setting off a flurry of commentary last week, 20Ten is making its rounds via file-sharing networks just fine… Hard L.A. festival scheduled for this weekend at Los Angeles State Historic Park featuring M.I.A., Die Antwoord, Sleigh Bells and others has been canceled due to security restrictions, though recent reports of very sluggish ticket-sales may be a more likely reason at this late date… Elsewhere, Susan Boyle is launching a talent search of her own… And will Twitter jump-the-shark and start allowing users to directly buy followers?
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