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
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
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
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
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
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
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
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
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