Word: musicalities
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...could use some help. A lack of big hits - just as CD sales are falling off a cliff - has left its recorded music business out of tune. (Its sister publishing business, which licenses the use of tracks from a bulging back catalogue, is still a massive money-spinner.) Lacklustre sales from artists like the British singer Robbie Williams meant revenues tumbled 16% in the year to last April to $3.4 billion. But is a former Goldman Sachs trader with no experience in the music business the man to make EMI sing...
...come over all rock 'n' roll when he pitched up for a meeting with staff at his record company EMI on Tuesday. Hands, though, isn't an artist. His singing career hasn't gone beyond karaoke. And instead of cutting records with EMI - one of the world's leading music companies, and a home to musicians from Lily Allen to Coldplay via The Rolling Stones - he's more in the game of cutting costs...
...expect a private equity firm to find the excess fat in a company; and one that operates in the decadent music business ought to be easier than most. But ensuring that company has a long-term future is trickier. On that score, Hands has a decent back catalogue. First with Japanese bank Nomura, and more recently at Terra Firma, the 48-year-old boosted the fortunes of a slew of companies, from a waste-recycling group to a chain of pubs...
...from his R&B, alt-rockers Radiohead severed ties with the label shortly after it was sold to the private equity firm, and took the radical step of allowing fans to download and name their own price for the band's album In Rainbows. Others let their music do the talking. Robbie Williams, who bagged a $130 million record deal with EMI in 2002, has threatened to withhold his next CD, fearing the firm won't be able to market and promote it. "All we know," Williams' manager Tim Clark told The Times of London this week, "is they...
...creatures proved popular enough for Spirou to give them their own series in 1959, and over the years Peyo published 16 albums, and developed an animated movie in 1975 that featured music by Oscar-winning French songwriter Michel Legrand. However, the Smurfs did not emerge as global icons until the advent of the Hanna-Barbera animated cartoon in 1981. The Emmy-winning series (it won for Outstanding Children's Entertainment Series in 1982-1983) ran for eight seasons on NBC, producing 272 half-hour episodes and earning a 42% share of the U.S. Saturday morning audience...