Music Notes
On April 9, the European Commission announced that it was suspending its antitrust investigation into the proposed merger between the music divisions of Sony Corporation and German media conglomerate Bertelsmann AG.
Music Notes
Artists' audit rights: The California Assembly is scheduled to vote Tuesday, June 15 on a revised bill that would give recording artists the right to audit companies to ensure proper royalty payments. The bill would also give them the right to hire auditors on a contingency fee basis, and to initiate group audits, a provision that could make audits a class action issue. The proposed legislation is the result of talks between the Recording Industry Association of America (RIAA), the American Federation of Television and Radio Artists (AFTRA), and several state legislators, in particular State Senator Kevin Murray (D-Culver City), a longtime advocate for accounting reform in the recording industry.
Music Notes
Johnny Ramone: 19548–2004: Rock fans were saddened by the September 16 death of guitarist Johnny Ramone, founding member of pioneering punk rock band The Ramones. Surrounded by friends and family, he passed away at his Los Angeles home after losing a five-year struggle with prostate cancer. His death came just a few days after a concert held to celebrate the band's 30th anniversary and to raise funds for cancer research.
Music Notes
Apple vs Apple: Despite persistent rumors of an impending settlement, the trademark dispute between Apple Corps, the Beatles' record company, and Apple Computer remained unresolved as of late September. The rift arose from the computer company's entry into the music business with its iTunes Music Store, in apparent violation of a previous deal in which it agreed not to do so. One possible outcome of current discussions between the two companies could be the first-ever online availability of Beatles recordings, an exclusive arrangement that might give iTunes an advantage over its competitors.
Music Notes
Skyrocketing ticket prices kept summer concertgoers away in droves, according to reports in the entertainment industry and financial press in mid-October. The summer 2004 concert season was one of the slowest ever, with some superstars canceling shows and others moving planned arena or amphitheater events into smaller venues. Previously one of the summer's most popular events, the Lollapalooza tour was cancelled due to slow ticket sales.
Music Notes
Concord and Fantasy: Berkeley, CA–based Fantasy Records has been sold to Concord Records of Beverly Hills in a deal valued at $83 million, according to a December 4 report from Billboard. The music enterprise of film producer Saul Zaentz and partners, Fantasy is well known for its huge catalog of works by jazz greats Count Basie, John Coltrane, the Modern Jazz Quartet, Miles Davis, Bill Evans, Ella Fitzgerald, Thelonious Monk, Joe Pass, Oscar Peterson, and Sarah Vaughan, as well as soul and blues stars the Dramatics, Isaac Hayes, Albert King, the Staple Singers, and Johnnie Taylor.
Music Playback via PC is Increasing
Is it merely the tip of the iceberg, or a temporary diversion? Hard to say just yet, but a recent report from the Consumer">http://www.cema.org">Consumer Electronics Manufacturers Association (CEMA) suggests that increasing numbers of folks are using their PCs in place of, or in addition to, regular audio systems.
Music Promotes Brain Growth
Want your kids to grow up smarter? Have them study music. Want to hold off the mental ravages of old age? Listen to music. Want to get high (legally), feel ecstatic, make your pain disappear? Music is the cure for what ails you.
Music Publishers Sue Bertelsmann
In October 2000, during Napster's prolonged courtroom agony, Bertelsmann">http://www.bertelsmann.de">Bertelsmann AG alienated fellow music industry plaintiffs by investing $50 million in a strategic partnership with the file-sharing upstart. At the time, Bertelsmann hoped to leverage Napster's technical expertise and fame to give Bertelsmann Music Group the inside track with Internet music distribution.
Music Retailers Converge
The music industry is facing its toughest business climate in recent memory, and slow sales are hurting not only the record labels, but music retailers as well. In the face of continuing sales declines, store closings, mergers and consolidations, layoffs, and seemingly intractable digital distribution issues, the industry came together last month for its annual National">http://www.narm.com">National Association of Recording Merchandisers (NARM) convention and trade show in Orlando, FL.