Sony Corp., which owns half of Sony/ATV, recently triggered a clause in its contract with co-owner the Michael Jackson estate, which allows one party to buy out the other, people familiar with the matter told The Wall Street Journal’s Hannah Karp. The initiation of the buy/sell process was confirmed by Sony Corp. of America chief Michael Lynton in an email to Sony/ATV employees disseminated as a result of the WSJ report.
In an apparent effort to calm nerves frazzled by a 10/7 WSJ report on the possible sale of Sony/ATV, Sony Entertainment CEO Michael Lynton sent an email to the pubco’s staff just as the story was breaking confirming that Sony had initiated the buy/sell process with the Michael Jackson estate and explaining how it might proceed. We’ve obtained that memo; what follows is the complete text.
Apple Music chief Jimmy Iovine decried freemium—and free music in general—during his remarks at Vanity Fair’s New Establishment Summit in San Francisco on Wednesday. “These companies are building an audience on the back of the artist,” Iovine declared of purveyors of unlimited free streaming, describing it as “a shell game.” He also took potshots at the tech-company culture (or lack thereof).
BMG/Rhythm Nation’s Janet Jackson has topped the HITS Album Sales Chart with 106k and the Sales Plus Streaming (SPS) Chart with 112k for her 11th studio album (and first in seven years), Unbreakable. It’s been a good week for Jackson considering that she was also just announced as a nominee to be inducted into the Rock and Roll Hall of Fame at the 2016 ceremony.
The Rock and Roll Hall of Fame has announced its nominees for 2016 induction. They are: The Cars, Chaka Khan, Chicago, Cheap Trick, Chic, Deep Purple, The J.B.’s, Janet Jackson, Los Lobos, Steve Miller, N.W.A, Nine Inch Nails, The Smiths, The Spinners and Yes.
10/9 is not a Q4 priority date for Blighty, if new music being spawned from the fair isle tomorrow is anything to go by. Album wise, the most interesting new release is from synthpop duo Hurts, whose third album Surrender is out via Columbia. Other names of note include The Enemy, veteran Welsh singer Tom Jones, ex-Smiths man Johnny Marr and Faithless.
At MAMA Gallery last night, Roc Nation/Def Jam superstar Rihanna and contemporary artist Roy Nachum unveiled seven original oil paintings that will be used as the official artwork for her forthcoming eighth studio album titled ANTI.
Monte, Scooter, Janet, Big Jon, Ashley—the latest iteration of HITS List, our weekly industry cheat sheet, is filled with the latest word on some of the biggest names in the biz. Check it out here and be prepared to sound like you know what’s going on.
At UMPG's Global Creative Conference, Pulitzer-winning novelist and Uptown Special lyricist Michael Chabon elebrates his new pub deal with pubco ruler Jody Gerson and legendary singer/songwriter Randy Newman, whom Chabon interviewed at the event. Gerson subsequently instructed the two to turn this photo into a song cycle...
Internet radio giant Pandora has purchased Ticketfly—Ticketmaster's smaller-scale, indie rival—for a price tag of $450m, it was announced today. This is certainly a big step in the company's drive for a more artist-to-fan M.O.
JIMMY TAKES MORE SHOTS AT FREEMIUM
Free is a "shell game." (10/8a)
ROCK HALL ANNOUNCES NOMINEES FOR 2016 INDUCTION
Turn it up to 11, buddy. (10/8a)
SONY MOVING CLOSER TO SALE OF SONY/ATV
Can't buy me love. Or can you? (10/8a)
LYNTON'S BUY/SELL CONFIRMATION MEMO
Sony Entertainment CEO provides calm during the storm. (10/8a)
RIHANNA REVEALS ANTI
Team RiRi goes out in force to celebrate new album. (10/8a)