Quantcast

Grainge Breaks Impala Front

GRAINGE WARFARE: The Impala leadership continues to erode as four of Europe’s largest indie labels and distributors, including the U.K.’s Domino Records, France’s Nave, London-based Ministry of Sound and Brussels-headquartered PIAS, revealed that they are now backing UMG’s acquisition of EMI, as did veteran exec Daniel Miller, who sold his Mute label to EMI and is now angling to possibly reacquire it. The report appeared in today’s Financial Times here, which earlier this week published org Co-President Patrick Zelnik’s editorial announcing a break with his colleagues and support of the merger. It was later revealed Zelnik was part of a group headed by Richard Branson seeking to buy Virgin as one of UMG’s potential divestitures to win EC regulatory approval. Beggars Banquet head Martin Mills remains opposed to the deal, though he has become increasingly isolated from his peers. Domino’s Laurence Bell called the concessions “impressive… This seems a genuine move.” PIAS’ Kenny Gates praised UMG boss Lucian Grainge’s outreach. “He has shown an openness to dialogue with the independent community that has never happened before.” Both have acknowledged interest in acquiring any offered properties. Ministry of Sound’s James Palumbo, while insisting he was not a buyer, praised Grainge as the talented “tough old bastard” the industry needed. The record industry is a disaster and EMI’s been a double disaster. At least Lucian, whatever you think of him and whatever the detail, has got the balls to do something about that.” (7/20p)

THIS IS ANOTHER STORY ABOUT ADELE BREAKING RECORDS
Big news from the Spot. (10/15a)
KACEYGATE: ESQUIRE EVISCERATES THE GRAMMYS
This is getting ridiculous (10/14a)
ADELE BY THE NUMBERS: ALBUMS, SINGLES RTD
It all adds up. (10/13a)
GRAMMY CHEW: A ROTY/SOTY PLAYLIST
(20 FOR 16)
Beer and Glickman collaborate on the Spot. (10/13a)
30 HAS A DATE
Your Thanksgiving weekend soundtrack (10/14a)
ADELE ADELE ADELE
Adele; Adele Adele?
ADELE ADELE ADELE ADELE ADELE ADELE
A... dele?
ADELE ADELE
Adele Adele; Adele.
ADELE ADELE ADELE ADELE
(Adele.)
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)