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12
August
2004
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Sony BMG: Who's In, Who's Out?
Just wondering if anyone has news (confirmed or otherwise, mostly otherwise!) about management changes at Sony BMG. Please feel free to confidentially share what you are hearing...
Sony BMG Shakeout Begins
The aftershocks at the newly minted Sony BMG are just starting, with members of both squads feeling tremors. Billboard recently reported that both Sony Music International chairman Bob Bowlin and president Rick Dobbis will not be part of the newly combined label. The report continues to say that each territory will now report directly to Michael Smellie, the new COO of the combined group. But some chatter has surfaced that ex-Warner head Roger Ames will be brought in to head SMI, with conversations between Sony BMG CEO Andrew Lack and the Ames ongoing. Confusing signals also continue to swirl around longtime EVP Michele Anthony, with some insisting that she will stay, while others point to a departure.
After receiving approval from both the EU and FTC, Sony Corporation and Bertelsmann officially combined their music divisions on August 5th. Prior to the official announcement, a downsizing plan emerged, with approximately 2,000 expected to lose their jobs. That will create a total costs savings of $300 million, and will certainly include redundant positions. An official announcement may be coming soon.
Sony BMG Shakeout Begins
The aftershocks at the newly minted Sony BMG are just starting, with members of both squads feeling tremors. Billboard recently reported that both Sony Music International chairman Bob Bowlin and president Rick Dobbis will not be part of the newly combined label. The report continues to say that each territory will now report directly to Michael Smellie, the new COO of the combined group. But some chatter has surfaced that ex-Warner head Roger Ames will be brought in to head SMI, with conversations between Sony BMG CEO Andrew Lack and the Ames ongoing. Confusing signals also continue to swirl around longtime EVP Michele Anthony, with some insisting that she will stay, while others point to a departure.
After receiving approval from both the EU and FTC, Sony Corporation and Bertelsmann officially combined their music divisions on August 5th. Prior to the official announcement, a downsizing plan emerged, with approximately 2,000 expected to lose their jobs. That will create a total costs savings of $300 million, and will certainly include redundant positions. An official announcement may be coming soon.
- Posted by Paul Resnikoff, Editor posted at 2004-08-12 23:43
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25
September
2004
Can You Make it Without a Label Deal?
Some time this year I had the opportunity to do some professional work for a distinguished gospel singer in the American...
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- Posted by Michael Einhorn posted at 2004-09-25 09:13
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28
September
2004
Where the Big Label Model Totters
Do the big labels need new thinking?
Let me suggest a first key issue in distribution. Difficulties are m...
Let me suggest a first key issue in distribution. Difficulties are m...
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- Posted by Michael Einhorn posted at 2004-09-28 11:16
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22
October
2004
Spitzer Going After Labels for Payola
From today's NYT article:
According to several people involved, investigators in Mr. Spitzer's office have ...
According to several people involved, investigators in Mr. Spitzer's office have ...
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- Posted by Rags Gupta, Live365 posted at 2004-10-22 01:03
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31
October
2004
Music's Brighter Future?
A well written Special Report in this ...
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- Posted by Rags Gupta, Live365 posted at 2004-10-31 23:45
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14
March
2005
An Open Letter To Our Industry
In reflecting on the world of A&R in 2004, there were some very profound and dramatic changes that altered the very ...
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- Posted by Ritch Esra, Stephen Trumbull posted at 2005-03-14 02:27
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09
May
2005
Universal Music Ventures, EMI Capital... - Labels as VCs
Record labels are a lot like VCs but with some important differences.
The similarities:
...
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- Posted by Rags Gupta posted at 2005-05-09 23:54
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18
May
2005
