Search Results for: Japanese

Warner Music Group Corp., home to recording artists such as Red Hot Chili Peppers, James Blunt and Daniel Powter, said Thursday its first-quarter profit fell 74 percent due to fewer albums released during the period and soft domestic and European sales. Its shares fell nearly 5 percent. The New York-based recording company said net income declined to $18 million, or 12 cents per share, from $69 million, or 46 cents per share, during the same period a year ago. Total revenue fell 11 percent to $928 million from $1.04 billion during the prior-year period. Analysts polled by Thomson Financial expected… Read more »

OSAKA (Kyodo) Momofuku Ando, the founder of Nissin Food Products Co. and inventor of instant ramen, died of heart failure Friday evening at a hospital in Ikeda, Osaka Prefecture, his family said. He was 96. Born on March 5, 1910, in Taiwan, Ando initially ran clothing companies in Taipei and Osaka while he was a student at Ritsumeikan University. In 1948, he founded the precursor to Nissin and in 1958 unveiled Chicken Ramen, the world’s first instant noodle product. Ando was inspired to develop the instant noodle after coming upon a long line of people on a cold night shortly… Read more »

“SYNERGY AND OTHER LIES” would be a good first reading assignment for Sir Howard Stringer, Sony’s new chief executive, to be followed by “The Synergy Myth.” Then Sir Howard should recognize that the Sony he inherits is constitutionally incapable of making one (electronics) plus one (entertainment) equal three. Both books were written by Harold Geneen, the number cruncher who directed International Telephone and Telegraph during its heyday in the 1960’s. He engineered 350 mergers and acquisitions, which brought such names as Hartford, Avis, Sheraton and Madison Square Garden under one roof. Mr. Geneen, however, harbored no illusions that ITT’s individual… Read more »

Maybe Velvet Revolver can use that Best Hard Rock Performance Grammy as a hood ornament on their tour bus on the upcoming Electric Wonderland Show Tour. The veteran rockers will kick off their latest round of North American stops on March 22 in Montreal, with arena dates currently slated to run through a May 25 show in Miami, according to a spokesperson for the group. More dates are expected to be added. Hoobastank will open the West Coast swing of the tour; no other openers have been announced. The group recently released the third video from its multiplatinum debut. “Dirty… Read more »

Tokyo – Sony Corp. reported Thursday a 55 percent rise in earnings for the October-December quarter on home entertainment revenue from “Spider-Man 2,” although its core electronics sector was battered by sluggish sales and price declines. The Tokyo-based electronics and entertainment giant said its group net profit for the fiscal third quarter totaled 143.8 billion yen ($1.4 billion), up from 92.6 billion yen a year earlier. Sales for the quarter dipped 7.5 percent to 2.15 trillion yen ($20.9 billion) from 2.32 trillion yen. Sony’s profits got a lift from improved results at Sony Ericsson Mobile Communications, its mobile phone unit,… Read more »

If his bubble burst and all else failed, Benji Madden is sure there’d be more than a few regular jobs waiting for him. Flipping burgers, working in department stores, tending cash registers, living in small towns. That’s what Madden and his Good Charlotte bandmates were used to before rock stardom. “One thing I never worry about is money. Because I have my health and my family and I can always go back to work,” Benji said. “We’ve all had a million day jobs,” the 25-year-old guitarist/vocalist said during an interview at a Manhattan hotel. “We got by fine then. If… Read more »

Sony Chief Executive Nobuyuki Idei said Wednesday the Japanese electronics and entertainment giant was seriously considering the acquisition of U.S. film studio Metro-Goldwyn-Mayer but declined to say when a decision was expected. “We will not go into an unprofitable business,” he told reporters, adding that Sony has been thinking about movie deals since the 1990s. “We are confident we will make the right decision.” Earlier this month, MGM and Sony agreed to enter talks about a possible acquisition to weigh a $5 billion bid for the legendary studio, according to sources who spoke on condition of anonymity. But Idei and… Read more »

Linkin Park are saving the best for last. The final single from their 2003 album, Meteora, will be their favorite track, “Breaking the Habit.” They dig the tune so much, in fact, that they’re planning to use it as a model when they start working on their next album in October. “Creatively, ‘Breaking the Habit’ is one of the songs we’re most proud of,” guitarist Brad Delson said. “It’s so familiar, but at the same time it’s so foreign to anything we’ve ever done. It really is just a unique animal, and when we approach making the next record, I… Read more »

Fans of safe and sentimental melodic pop-rock were treated to the best of both worlds Thursday, when Something Corporate and Yellowcard hit the Roseland Ballroom stage near the end of their six-week co-headlining tour. Where Something Corporate mostly played amidst an air of soul-baring and introspection, Yellowcard’s cheer and bravado helped dissipate any gray clouds that may have hovered overhead. With three flags marked by upside-down hearts hanging from the rafters and spotlights almost always fixed on Andrew McMahon’s upright piano at center stage, Something Corporate’s set alternated between songs about being in and out of love from their 2002… Read more »