Word: emi
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Dates: during 2000-2009
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...online trading of free music. Levy realized that the industry had to figure out how to make money from digital music. If he could run another company, he told colleagues, he'd do things differently. That opportunity came in the autumn of 2001, when Eric Nicoli, chairman of EMI Group - the iconic British company whose superstars have ranged from the Beatles to Coldplay - offered him the top job at EMI Music. EMI was then a listing ship that had jettisoned more than 40% of its market value in one year, and had just issued an entirely unexpected warning, admitting that...
...EMI had draft plans to sell digital music and combat piracy, but was forced to shelve them just to focus on its core operations. "The company was in such a bad spot in terms of both earnings and capital structure, frankly, we didn't have time to think of anything else," says Rose. Levy's team discovered that the Virgin label wasn't integrated into the business, so essentially two separate music companies were operating within EMI. Record sales were clearly not recovering, either. Indeed, after her Glitter album tanked, EMI had to pay Mariah Carey $28 million to extricate...
...Aslan the magical lion’s death and warm, fuzzy resurrection!)The two audiences are even getting their own tailor-made soundtracks. Disney will release “Kingdom of Heaven” composer Harry Gregson-Williams’ score in stores next Tuesday. Nearly three months ago, EMI Music’s Christian Music group issued an additional disc of “music inspired by” the film. That album proudly featured pious acts like Jars of Clay and Steven Curtis Chapman—virtual unknowns outside of the contemporary Christian music scene.But when members...
...launched services for downloading full-length songs straight to mobile phones, and consumers responded. Now the U.S. is ready to get into the game, as Cingular, Sprint and Verizon Wireless all plan to launch over-the-air music stores next year. "There's an instantness that is amazing," says EMI's Adam Klein, who has helped carriers around the world launch music services. A mobile music store requires networks that can support fast downloading. Sprint and Verizon now have them, and Cingular will soon. Verizon may be the first to launch a wireless music store...
...Mashboxx lets the user have it at no charge. File-sharing services will be plugging into Snocap within the year, and in June the company opened its registry, allowing artists and labels to submit songs. So far, three of the four major labels--Universal Music Group, Sony BMG and EMI (Snocap is still in talks with Warner Music)--as well as many independent ones have agreed to participate in the database, already half a million songs large. Because of copy protection, the tracks aren't iPod compatible. Snocap and providers are hoping restrictions will loosen...