Word: warners
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...recording industry, which had previously spent lavishly on high living and frills, has been drastically cutting back. The chairman of Warner Communications' Elektra/Asylum label was moved aside in January, and the subsidiary's headquarters was transferred from Los Angeles to New York City to cut expenses. The CBS/Records Group, which together with Warner commands 45% of the market, closed down a record-and tape-manufacturing plant in Terre Haute, Ind., and has laid off some 1,500 employees. Says Group President Walter Yetnikoff: "It used to be that if any artist said, 'I want a billboard...
...most important new source of support for records is unexpectedly coming from television. MTV (Music Television), a cable channel owned by Warner Communications and American Express, has become one of the biggest hits on cable television, beaming out rock music 24 hours a day, seven days a week. MTV, which was being boomed into 9 million cable-equipped homes last December, should reach 13 million households...
...problem still faces the industry: home taping. A report by Warner Communications estimates that a million-selling record will spawn about 450,000 homemade copies. Overall, the industry figures that it loses $1 billion in sales annually to home tapers. A bill in Congress that would put a royalty fee on tape and recorder sales is being held up, pending a decision by the U.S. Supreme Court in the Sony Betamax case on the home videotaping of television programs...
...already a couple hundred people to show up for audition." Warner said, adding, "But the part of Phaedra will be hard to cost, because we need to find someone with a penetrating, gut-wrenching voice...
...Warner said that he hopes-"Theatre" doesn't end with the end of the summer season. "We'd like to develop it to the point that it might move on either to another Boston theater, or possibly to New York. The producer has been locking around," he added...