Bits & Pieces: EMI Auction Expected this Month, Universal Music taps INgrooves for NA Digital, the Latest in Signing Derbies & more…
UMG taps INgrooves for digital in North America
According to The Wrap, the auction of EMI Group by Citigroup will begin this month, as the bank has been preparing the offering that has potential bidders, which include private equity firms, billionaires and rival music groups lining up. While recent reports have Warner Music auction winner, Len Blavatnik’s Access Industries, the likely frontrunner for acquiring EMI in an attempt to merge the two, the article’s sources have Citi officials carefully watching the current shareholder lawsuits contesting the WMG sale… Universal Music Group will be replacing its current North American digital music supply chain with INgrooves‘ ONE Division, which will now be responsible for all online and mobile deliveries to retailers such as iTunes, Amazon, AT&T, Verizon and others. UMG first partnered with INgrooves back in 2008, becoming a strategic investor in the digital distribution provider helmed by CEO Robb McDaniels… UK-based fundraising platform PledgeMusic has announced it is launching in the U.S. and Randy Sabiston has been named Managing Director. A veteran of music publishing, Sabiston previously held executives positions at S1 Songs America, Warner/Chappell, Polygram/Island Music Publishing and EMI Music Publishing… Meanwhile, after Sony Music recently landed bidding-derby act Odd Future, signing them to a high seven-figure imprint label deal with Sony/RED, Columbia Records has signed Kreayshawn (who also has OFWGKTA associations). A&R player Mark Williams inked the Oakland-based artist, who has been the subject of a label derby as well, following her song “Gucci Gucci” racking up over a million YouTube views in a matter of weeks. Speaking to MTV about all the recent attention, Kreayshawn, whose real name is Natassia Zolot, said “I’m not a person who just made a song and happened to get it popping off of one song. I think there’s a lot of songs that are going to sound even better and are a different genre,” adding, “Honestly, do you really [think] somebody would sign someone off of one song? Being like, ‘Oh, we’re just gonna take a gamble?’” Incidentally, new debut releases on Columbia from Foster the People, Cults and The Vaccines are out now…
02.19.10In Case You Missed It: Reading Recap
London's Abbey Road Studios up on the block
More EMI headlines this week, as it was reported that company is trying to sell the legendary Abbey Road studios in London. An anonymous source told the AP that the search for a buyer has actually been going on for several months. After the news broke, stories appeared naming The National Trust and Andrew Lloyd Webber as both interested in buying… A face-off in the cloud may be brewing between Apple and Google, with reports that the latter is in talks with cloud media start-up Catch Media. Initial chatter of a possible showdown began at the end of last year with Apple’s high profile purchase of music service Lala… Ad-supported music service Guvera has announced their U.S. launch will be on March 30th. The Australian-based company also announced new licensing deals with BMI, SESAC, Harry Fox Agency and INgrooves, those following previous deals with Universal Music Group, EMI and IODA. Advertising in Guvera is less intrusive than similar services says LA Times writer Jon Healey, who recently took the new service for a test-drive…
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