Major Label Layoffs Update

CLICK HERE FOR THE LATEST UPDATES ON THIS DEVELOPING STORY. Read the latest news of the staff cuts at the major label groups: Sony BMG May Pink Slip Up To. Continue reading

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Layoffs At Sony-BMG Plus A Commentary

CLICK HERE FOR FOR THE LATEST UPDATES ON THIS DEVELOPING STORY This story first broke on Friday when Silicon Alley Insider reported that 40-70 "mid-level" executives will be let go. Continue reading

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Comic Skewers Universal’s Doug Morris

click on image to enlarge From HijiNKS ENSUE via Listening Post

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WMG Reports Thinner Profits Plus A 360 Sinatra Deal

WMG’s net profits fell to $5 million (3 cents a share) in the fourth fiscal quarter down from $12 million (8 cents a share) a year ago. Revenue rose 2%. Continue reading

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EMI Names Another SVP Digital – Mark Piibe

Even as rumors of pending staff cuts grow louder, EMI is bulking up its digital team with another executive suite appointment. Mark Piibe has been named SVP, Business Affairs for. Continue reading

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Universal CEO Doug Morris Speaks Out…A Little Too Loudly

"There was a cartoon character years ago called the Shmoo," he says in a raspy tenor. "It was in Li’l Abner. The Shmoo was a nice animal, a nice fella,. Continue reading

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New Label Models: Which Will Survive?

As CD sales and label profits tumble, a great deal of hope and excitement has been attached to a variety of new models: Music Is Free – And hope to. Continue reading

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EMI To Investors: Major Cuts, 766% Growth & $100M Indie Investment Fund Ahead

Terra Firma is privately telling investors that it will cut $223 million in fixed costs on top of existing EMI cost-saving initiatives. U.S. cuts include $31 million from sales and. Continue reading

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Is Roger Ames Out At EMI And Billy Mann In? – UPDATED

UPDATED:  An unconfirmed source told Hypebot that, Roger Ames is out as head of EMI North America.  He will be replaced by record producer Billy Mann. (see Mann bio). Industry. Continue reading

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Has Guy Hands Already Lost His Way?

Or did the head of new EMI owner Terra Firma ever even know his destination? Help me out here…When you have a minute read yesterday’s leaked memo to his staff. Continue reading

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