Kleinknecht, who scored on the sale of IPC iXnet (and still serves as President of Global Services for the company, now a division of Armada Partners), has history with Deutsche Bank AG (once an iXnet client), which is providing at least a part of Artist Network's hefty financing. Rumormongers are mongering that some major artists are involved on the business side of Artist Network, including Quincy Jones and Dave Stewart, who are already on the company's board.
Artist Network will likely be based in New York, where Cafaro will run the label and Scher will handle management, television and Broadway divisions. And, thanks to Kleinknecht's Internet expertise, look for Artist Network to sport a big digital component as well.
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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