Search Results for: aly & aj

Universal Music maintained its status as the world’s market leader in 2003, but a combined Sony/BMG would have challenged its dominance. The International Federation of the Phonographic Industry (IFPI), a music industry trade group, released market share figures that show BMG and Sony had an aggregate share of 25.1% in 2003. Universal posted a 23.5% share, down from 25.4% in 2002. The Sony-BMG merger plan cleared a major hurdle June 17 when European competition commissioner Mario Monti gave his approval of the deal. BMG was among the companies posting a share gain in 2003, increasing to 11.9% from 9.6% in… Read more »

When speaking this month to a representative from Soundscan, the company that provides much of the data for the Billboard Top 200 Chart, I learned things that would contradict reported statements by the RIAA. Mainly that US labels have had a significant reduction in sales over the past three years. Cary Sherman, president of the RIAA, responded personally, put his rebuttals on the record and in the process exposed intriguing insight into the way the RIAA calculates “losses.” Soundscan is a service owned by Nielsen, the company that computes TV ratings. Soundscan uses the barcodes on CDs to register sales… Read more »

The Beatles want to take another bite out of Apple Computer Inc. Their record company, Apple Corps Ltd., said Friday that it was suing Apple Computer because the technology company violated a 1991 agreement by entering the music business with its iTunes online store. When Steve Jobs co-founded Apple Computer in 1977, he is said to have chosen the name in part as a tribute to the Beatles. The 1991 agreement dealt with the future use of the name “Apple” and of both companies’ well-known logos. Apple Corps, founded in 1968, is owned by Sir Paul McCartney; Ringo Starr; John… Read more »

Ticket sales are down, and big tours are scaling back to smaller venues. It looks to be a long, hot summer for the touring industry. On the cusp of the industry’s peak period, a number of high-profile tours and festivals have already hit snags, among them highly touted outings from Mariah Carey, the Field Day Music Festival, Lollapalooza, and Beck and Dashboard Confessional. Faced with a crowded tour market combined with high ticket prices, permit hassles, a sluggish economy and poor buzz, these tours and a handful of others have either had to scale back the size of the venues… Read more »

Fourth-quarter losses skyrocketed at AOL Time Warner Inc. after a staggering $45.5 billion charge to account for the struggling media conglomerate’s plunging value. The company also announced Wednesday that former cable TV mogul Ted Turner is stepping down as vice chairman. In the three months ending Dec. 31, AOL lost $44.9 billion, or $10.04 per share, compared with a loss of $1.8 billion, or 41 cents per share, in the fourth quarter of 2001. Revenue rose 8 percent to $11.4 billion, and AOL said its results without the one-time accounting markdown would actually have beaten Wall Street estimates – at… Read more »

Could 2003 be the year that EMI finally finds a mate? Frenzied gossip among executives at this year’s Midem music industry conference on the French Riviera would suggest so. As a new group of suitors eyes the EMI dowry, which includes the Beatles back catalog, bets among the glitterati at Cannes are that the world’s third biggest music company will pair up with one of its old flames: BMG or Warner Music. Yet some still hold out hope for a more dramatic swoop by private equity houses led by an industry guru – cash-rich Clive Calder being one contender after… Read more »

Blamed by shareholders for AOL Time Warner’s sharp fall in fortunes, Steve Case said he will step down as chairman of the conglomerate he helped create – a marriage of old and new media first hailed as revolutionary but now struggling for a future. Case’s departure means the company’s leadership will be without any of the key architects of the blockbuster merger of America Online and Time Warner in 2001. The company said Sunday he would step down in May. In a brief statement, Case said he had concluded AOL Time Warner was better off without him as chairman. “Some… Read more »

Disturbed are so proud of their new video for “Prayer” that they’ve decided not to let the mainstream see it. Last month, major video outlets chose not to air the clip because they felt the apocalyptic content was too reminiscent of footage of September 11 (see “Disturbed Video Deemed Too Disturbing; Band Examines Plan B”). At first, the band considered re-editing the video or replacing the scenes of destruction with concert footage. In the end, Disturbed opted to stand their ground and leave the video intact and unaired despite the fact that it could have been a huge promotional tool… Read more »

Acknowledging that online piracy is forcing dramatic changes in the music industry, the world’stwo largest record companies are poised to make it easy and cheap for fans to buy-rather than steal-songs off the Internet. The moves by Universal Music Group and Sony Music Entertainment accelerate the industry’s transition to an era in which music is distributed electronically. Other major labels are likely to follow as the record business grapples with the rise of online music copying through unauthorized services such as Napster, Kazaa and Morpheus and potentially billions of dollars in lost sales. Rather than trying to force consumers to… Read more »

Britney Spears and Justin Timberlake love each other very much and have not broken up. At least that’s still the “official” stance a spokesperson for the couple takes when asked of the status of their relationship. And if you believe that, some might think you were born yesterday. The official media statement is in direct opposition to a month’s worth of unconfirmed reports and anonymous eyewitness accounts that say the king and queen of the teen-pop prom have ended their reign. While public opinion favors the notion that the romance is kaput – gossip columnists citing Britney shakin’ it with… Read more »