RUMOR MILL
Monday, August 22, 2011
Tower Falling Down?
TOWER FOR SALE: With EMI Music bidding in full swing, the label’s iconic Capitol Records Tower in Hollywood on Vine St. may be a casualty of the sale. The owners, a joint venture between Millennium Partners and Argent Ventures, have placed their $21.9 million loan on the building in special servicing, hoping to avoid a default when it comes due in October. EMI occupies 100% of the Tower, which was acquired by the two owners in 2006 for $50 million, with plans for a $1 billion, 1 million square foot mixed use complex, including apartment towers, a hotel and retail stores, with a parking lot across the street. Considering EMI’s future is up in the air, suddenly the Tower plans are vulnerable, too. (8/22p)
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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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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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
