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Tower Records Hopes Holidays Will Save It


Tower Records, the storied 1960s music chain that launched the music megastore and became a cultural retailing icon, strolls into its 43rd holiday shopping season this weekend struggling with debt and on the ropes. The West Sacramento, Calif.-based Tower hopes four weeks of strong sales will reverse a new image as the tottering giant inside a stumbling music industry. Among the chain’s troubles: deep-discounting rivals, changing consumer habits, lack of hits and its own missteps in the 1990s as the music business began a dramatic shift. Tower exemplifies the even deeper woes in a recording industry beset by piracy, computer… Read more »

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Bertelsmann Buys J Records, Combines with RCA


Veteran record executive Clive Davis, whose ouster from Bertelsmann AG’s Arista caused an uproar two years ago, returned to the fold on Tuesday by selling his half of J Records to the company and taking the helm of a combined label group. As Bertelsmann’s music group, BMG, focuses on cutting costs during a prolonged industry downturn, the group said on Tuesday it would buy the 50 percent of Davis’ J Records it did not already own for undisclosed terms and combine it with its legendary RCA Records, home to stars like Christina Aguilera. Davis – pushed out in a management… Read more »

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Maverick, Atlantic Records cut jobs


Maverick Records and Atlantic Records, two labels owned by AOL Time Warner Inc., said Monday they have cut more than 30 jobs combined over the past week. A spokesman for Warner Music said there had been 16 job cuts at Maverick Records over the last week, while Atlantic has also cut about 15 jobs. These latest job cuts come as industry watchers speculate that AOL Time Warner is looking to cut deeper in the music division after a massive cost-cutting campaign following the merger of AOL and Time Warner, which resulted in the elimination of over 600 jobs over the… Read more »

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Pop Acts Put Out Records Faster


Time was, pop stars who hit it big would ride out the success of an album and then lie low for awhile, presumably restoring their creative energies and also whetting the public’s appetite for the next record. Not any more. Today’s acts – wary of fickle fans and short attention spans – are pumping out albums in quick succession so as not to lose the spotlight to someone else. “Unfortunately right now, you have to just hit while you’re hot,” said teen pop starlet Jessica Simpson, who released her self-titled second album in June, a year and a half after… Read more »

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Stations Refuse To Air Corporate TV Spots; Many Spots Must Run After 10pm


Orange County act Corporate Avenger is seeing controversy continue to escalate as the release of their album approaches next week. In addition to threats and angry correspondence, it now seems the liberal media won’t even stand behind the artists. MTV, Comedy Central and E! have all refused to air the Corporate Avenger TV spot in top markets such as Chicago and Phoenix due to the words “THE BIBLE IS BULL****” in succession. The majority of stations will only run the Corporate Avenger spot after 10PM. Corporate Avenger have backed up their lyrics and songs’ focus from the beginning. In a… Read more »

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