Search Results for: 2007

New York/London – EMI Music Publishing will begin a three-year transition Feb. 1 as it grooms its next chairman/CEO. Roger Faxon, the chief financial officer at London-based EMI Group PLC, will return to the publishing unit in New York – where he had spent three years as CFO – to become its worldwide president/COO and eventual successor to veteran chairman Martin Bandier. Bandier will remain the company’s chairman/CEO until April 1, 2006, when the two will share the CEO title. Faxon will become sole CEO April 1, 2007, while Bandier will remain as full-time chairman until March 31, 2008. After… Read more »

Hewlett-Packard on Friday unveiled its much-anticipated HP-branded iPod, a deal that instantly gives the company a popular product and greatly extends the retail reach of its partner, Apple Computer. Currently, Cupertino’s Apple has a healthy lead over its competition with its iPod digital music players and its iTunes Music Store. But competition is heating up. Other companies including Creative, Samsung and Sony have their own lineups of portable music players. Microsoft is expected to jump into the fray next week with its own online music service and an updated version of the Windows Media Player software. As for Friday’s unveiling… Read more »

The results of a new survey find that consumers don’t see digital music downloads as an alternative to buying CDs Video may have killed the radio star, but Forrester Research has said Internet piracy was not to blame – as record labels have claimed – for the 15 percent drop in music sales in the past two years. “There is no denying that times are tough for the music business, but not because of downloading,” said Josh Bernoff, principal analyst at Cambridge, Massachusetts-based research firm Forrester Research, who released a report on the digital music market on Tuesday. Based on… Read more »

The dueling satellite radio companies need to rein in previous expectations, but they are still poised to create thriving new businesses that will challenge terrestrial radio, a new report suggests. In a research paper titled “Satellite Radio: Get Outta My Dreams, Get Into My Car,” Webnoize Inc. estimates that 19.1 million Americans will subscribe to either the XM Satellite Radio or the Sirius Satellite Radio service by 2005, representing 9.3% of the adult population in the United States. The study contradicts earlier estimates touted by the satellite radio industry. Various sources had predicted such lofty numbers as 42 million subscribers… Read more »