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)
THE COUNT: ALL THE DESERT IS A STAGE
The dust settles on the Indio Polo Grounds. (4/22a)
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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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