Dreamworks Records, Melee Entertainment in Pact
Hoping to shine in one of the music industry’s few bright spots, Dreamworks Records on Wednesday announced a joint venture with newly-formed Melee Entertainment to release music DVDs that go beyond the typical concert video genre. With music video DVDs selling at a fast clip and in sharp contrast to the recording industry’s protracted decline in CD sales, Dreamworks and Melee hope in part to cash in on the trend while also developing a roster of creative talent. Melee president Bryan Turner, former co-owner and chief executive of Priority Records, an urban-slanted label sold to EMI Group Plc in 1998… Read more »