The Brits Are Taking Over
With today’s announcement from Vivendi on the appointment of Lucian Grainge as Chief Executive Officer of Universal Music Group, expect the rumor mill to pump up the volume on what changes we can expect to happen within the UMG labels in the coming months. But before we delve into conjecture on the UMG side, it’s significant to point out the number of British executives running US major labels. Outside of Warner Music Group, the remaining three major label groups are run by Brits. The UK presence is quite prominent at the Rob Stringer-run Sony Music, particularly with the addition of Amanda Ghost at Epic, the recent addition of Ashley Newton at the Steve Barnett-helmed Columbia Records. And the Terra Firma-owned EMI Music Group maintains its US operations under Nick Gatfield, who served under Grainge during his stint as President of Island Records UK prior to his EMI post. Aside from Ghost, the aforementioned execs have solid working experience in US music companies. Barnett has been in the Sony US system for years, Newton’s previous post at RCA and his tenure co-running Virgin Records US makes him a very well-respected US exec, while Gatfield ran Polydor Records in the states during the ‘90s.
Back to UMG, Grainge will assume his new post on Jan. 1, 2011, succeeding current UMG CEO Doug Morris. Rumors of Grainge assuming Morris’ position have been swirling for months. Grainge is scheduled to relocate to NY in July as part of the transition. Industry insiders share that Universal Republic head Monte Lipman and brother Avery will have an expanded role at the music group, as well as Mercury Records head David Massey. It leaves to question the future roles of Island Def Jam ruler LA Reid and Universal Motown head Sylvia Rhone, who was a longtime Doug Morris protégé. And it’s fair to expect no major changes to happen at Jimmy Iovine’s Interscope label. Stay tuned…
02.5.10In Case You Missed It: Reading Recap
Interactive Grammy Show Sees Big Ratings
The 52nd annual Grammy Awards show on Sunday night reached its highest ratings since 2004, surely do in part to the show being more interactive than ever before thanks to staff and attendees use of Twitter, Facebook and other crowdsourcing features setup for fans… Terra Firma is back in the news and reportedly looking for its investors to pump additional millions into troubled EMI… In a recent LA Times Q&A with Tim Leiweke, the AEG chief executive discusses how he sees a place for AEG to compete in the concert business even with the newly approved Ticketmaster – Live Nation merger… And a new Billboard analysis looks at the potential benefits for ISP companies if they were to offer a music service to customers.
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In Case You Missed It: Reading Recap
Twitter Announces Deals with Google & Microsoft
Three Letter Circus > It was reported on Sunday that Citigroup was “lining up” buyers (including WMG) for EMI in an attempt to pressure owner Terra Firma into selling the music company (Guardian)… However the next day a statement to the contrary was released by the bank claiming that they were not seeking buyers, implying they couldn’t do so being a debt holder not an equity owner (Reuters)…
Tweet Deal > Twitter’s seeming indifference to being labeled “profitable” ends with the micro-blogging service’s announcement of two content-search deals with Google and Microsoft (specifically Bing). The deals, worth a combined $25 million, will allow tweets to appear in both service’s search engine results (BW)…
It’s All Good > UK regulators approved the proposed merger of Ticketmaster and Live Nation, an about-face for the Competition Commission who previously expressed serious concerns over the deal (NYTimes)…
Freedom of Choice > Hulu makes further inroads in the music video arena by adding content from Warner Music Group, who is also the only major music group yet to make a deal with the label-backed video service Vevo. A similar arrangement between Hulu and EMI was announced last month (MediaMemo)…
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In Case You Missed It: Reading Recap
Hulu launching in UK with new 19 Entertainment series
Continuing with their recent string of announcements, MySpace Music revealed a new deal with digital-media distro service TuneCore to allow independent (unsigned) artists to have their music included in the MySpace Music on-demand streaming service for a flat fee (Epicenter)… EMI is taking legal action against video site Vimeo, claiming that while the site may feature original video content created by users, many songs under their control are used in such videos throughout the site without a license (ars)… Can a scientific formula detect radio payola? A researcher at University at Buffalo says yes (Science Daily)… More from the Terra Firma-EMI saga, as it appears that Citigroup made a bid for the music company just prior to the investment firm’s recent legal action against the bank (FW)… And Hulu prepares to cross the Atlantic. The popular online TV and movie streaming site prepares to launch in the UK early next year, but with just one show, a new 19 Entertainment reality series, If I Can Dream (MediaMemo)…
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In Case You Missed It: Reading Recap
EMI and owner Terra Firma are back in the headlines as the private equity investment firm reportedly prepares to write down its investment in the struggling music company by 90% after their latest bid to restructure debt was denied… But it wasn’t all gloom and doom for EMI this week as the the music group announced a first-of-its-kind deal with Hulu to distribute artist content on the popular online video destination… MySpace snapped up online streaming music service Imeem for a bargain basement price, a move some suspect was more about talent than technology… And Sony announced plans to launch an online store that will sell music, movies, books and mobile applications, sound familiar?
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