Word: polygram
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Ugly Kid Joe, on Polygram Records...
Really Useful Holdings has certainly proved useful to tunesmith Andrew Lloyd Webber. Last week he sold a 30% interest in his company to European record giant PolyGram for more than $130 million. The London-based creator of Cats, The Phantom of the Opera, Starlight Express and other theatrical sensations has been criticized for shallowness, but no one questions Lloyd Webber's status as a cash machine. For PolyGram, the investment in Really Useful is the latest step in an aggressive and costly drive to buy up independent entertainment companies, following the acquisition of A&M and Island Records. While...
...price tag for the home viewer will be as elevated as the entertainment -- a glass-shattering $34.95. Presenters Cablevision, NBC Cable and Polygram are obviously hoping that the success of pay-per-view pugilism will be duplicated among opera lovers. The gala is described as "the first in a long- term agreement" with the Met, which currently presents free PBS opera broadcasts...
Philips, however, is gambling that software is vital. At an electronics show in Las Vegas this week, the Dutch company plans to demonstrate a new system (oh no, not again!) that will record digitally and play both digital and analog cassettes. Several record companies, including Polygram (a Philips subsidiary), have already signed on to make recordings in the new digital compact cassette (DCC) format. Philips says the system will be available in early 1992 and promises it will deliver DAT-quality sound. Experts, however, are dubious. "I think Philips, as the inventor and promoter of the analog cassette, is interested...
Timmer is known as a tough manager who demands tangible results. After 31 years with Philips, he became president of Polygram International, the company's recorded-music subsidiary, in 1983 and quickly transformed it from a money loser into one of the firm's standout successes. Timmer's reputation as a tough turnaround specialist was confirmed four years later when he moved the consumer-electronics division into the black through a combination of staff cuts and a stronger emphasis on marketing...