Word: emi
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...latest job will require all the business acumen and musical sense the 55-year-old Frenchman can muster. Since October he?s been chairman and CEO of recorded music at EMI, a venerable British label with a roster that includes the Beatles, Frank Sinatra and Radiohead. Despite those assets, the company?s market value of $3.5 billion is about 40% lower than a year ago. It recorded a net loss of $76.9 million in the first half ending Sept. 30 on sales of $1.5 billion, down nearly 7% from the previous year...
...Later this year Napster will release a new version of its file-swapping software with built-in copyright protection. If all goes well, Bertelsmann will convert its loan to Napster into a 56% stake in the firm. MusicNet, which bundles the catalogs of BMG, Warner Music and EMI, plans to license music for online...
...EMI also intends to license its repertoire to Pressplay, a rival distributor set up by Sony and Vivendi Universal. That could signal a change for the industry: until now, players haven't agreed on digital distribution issues. Maybe EMI will push them toward a consensus - consumers would appreciate...
Numbers like that make friends and competitors pay attention. "We'd be lining up if they wanted to sell," says Ken Berry, chief of the gigantic EMI Music conglomerate, "as would a lot of other people too, I suspect." Record industry analyst Michael Nathanson of the Sanford Bernstein company says Jive is nimble and quick to catch hot trends: "They've got an incredible track record of breaking new artists and building mass stars." In the expanding worldwide market, Jive has posted the kind of stratospheric sales numbers that the industry hasn't seen since Beatlemania: 60 million for four...
...their voices and a script they may have read only minutes before air time. Like star surgeons, they would scurry from one operation to another (Welles supposedly traveled from studio to studio in an ambulance, saving time and carfare). They?d arrive to the fanfare of their emi-nence, swiftly rehearse the script, do the show, then zip away to the next emer-gency. Welles was aces at this game. He needn?t spend months reimagining a play script, or weeks in rehearsal; he could do the shows in what passed for spare time in his life. And he could...