Word: wea
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Dates: during 2000-2009
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...players are starting to take notice too. "It's not a significant part of our business, but there is enough there for me to take someone and have half their time devoted to making vinyl a real business," says John Esposito, president and CEO of WEA Corp., the U.S. distribution company of Warner Music Group, which posted a 30% increase in LP sales last year. In October, Amazon.com introduced a vinyl-only store and increased its selection to 150,000 titles across 20 genres. Its biggest sellers? Alternative rock, followed by classic rock albums. "I'm not saying vinyl will...
...Still, at least one company is trying to stamp out the problem. Five years ago, Warner/Elektra/Atlantic (WEA, sister company of TIME Inc., which is the parent company of Time) in the U.S. began destroying all unsold albums in-house, crushing them before turning the waste over to scrap recyclers. "It's much cheaper to dump them," says Rick Wietsma, co-chief operating officer for WEA. But "it was enough of an issue with the corporation that we didn't want to leave any room for doubt." The new practice improved relations with artists, who don't have to contend with...
...stance somewhat. Unlike its nearly unilateral approach to Iraq, the Bush administration has been actively consulting with North Korea's neighbors during the nuclear crisis. Bush spent 15 minutes on the phone last week with Chinese Presi-dent Jiang Zemin. (China has urged North Korea to abandon its nuclear-wea-pons program.) Over the weekend, Assistant Secretary of State for East Asian Affairs James Kelly was scheduled to meet with representatives of South Korea, China, Japan and other countries. More tellingly, the U.S. last week even opened a channel of communication with the North. New Mexico Governor Bill Richardson...