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Posts Tagged “Sony BMG”

Sony has completed its buyout of Bertelsmann's 50% stake in Sony BMG. The second-biggest major label will now be referred to as Sony Music Entertainment Inc., thank you very much. [AFP]

Sony will become the sole owner of Sony BMG after it buys out Bertelsmann's 50% stake in the company, which will be rebranded as Sony Music Entertainment Inc. (My prototype for the new company's logo is at left.) The sale's rumored value? $1.5 billion. Yes, with a "B." [Reuters]

the biz

Blog Prankster Reveals Just How Hard It Is For Major Labels To Profit From The Internet

The poor, yet overpaid sucker who takes Sony BMG's digital EVP slot might want to pencil in "figure out how to make money off label Web sites" as the first order of business. Recently, Columbia Records decided to travel down the Google AdWords route to monetization, a decision that the dude behind Hypebot decided to exploit by taking out an ad for his site that said "Major Labels Are Obsolete." At last count, Hypebot proprietor Bruce Houghton had spent less than $5 on his ad impressions, but if attention from the people he was trying to prank had an actual cash value, he'd have at least enough money to buy the deluxe edition of Billy Joel's The Stranger by now. More »

help wanted

Sinking Ship Seeks Captain, Promises Hazard Pay In High Six Figures

So what if the unemployment rate is up? Two job-listing-related posts in one morning = happy times are here again, baby! Valleywag has unearthed a Sony BMG-posted job listing for an executive vice president of its digital ventures, a job that comes with a $700,000 annual paycheck. (And free CDs! Don't forget the free CDs.) But after eight months of searching, the company still hasn't found an appropriate candidate. What type of people are they looking for, do you ask? More »

The indie-label lobbying group Impala suffered a blow earlier today when a high court in the EU said that a ruling criticizing the merger of Sony and Bertelsmann's music divisions, which resulted in Sony/BMG, set too high of a bar for regulators who were trying to see how the deal would affect the recorded-music market as a whole. This was the final legal hurdle for the merger, so hey, now Bertelsmann can go ahead and sell its half of the company back to Sony without any problems! Champers for all! [Times Of London]

smile

Next Big UK Pop Star Wishes You Would Floss More Often

While the record industry may be relying heavily on adolescent talent in its time of crisis, hope remains for pop music fans of a certain age and rarefied taste who love Josh Groban, but wish he could perform an emergency root canal in a pinch. SonyBMG has signed a 35-year-old singing dentist from north London to a million-pound record deal, a prize he earned after sending them "an operatic version of the Prince anthem 'Purple Rain.' " More »

W Hotels, the cutting-edge-in-1998 Starwood chain that I commonly think of as "the Cheesecake Factory of overnight options," has launched a concert series in conjunction with Sony BMG. Those who took the plunge of charging $429 to their MasterCard—the card company is an official sponsor as well—for a reservation on Tuesday night at the hotel chain's Westwood oupost received, in addition to their "Fabulous Suite," two free drinks, two tickets to an on-site concert by Paddy Casey (who, the hotel notes, is "backed by U2's management team"), and a 3 p.m. checkout. No word on how many people actually turned out, but it sounds to me like W is trying to recreate Social@Ross, except at a fraction of the cost and with much less starpower! And I bet the drinks were well drinks, too. [W Hotels via Songs For Soap]

Bertelsmann is getting out of the music business earlier than originally planned: It's currently making the initial moves toward selling its 50% stake in Sony BMG back to Sony, according to a report in the Financial Times. Does this mean that their building in Times Square will finally take down the billboard advertising Christina Aguilera's Stripped? [Variety]

hand over the rights to the blonde vinyl catalog and no one gets hurt

Is "Out Of Print" Nearly A Thing Of The Past? Probably Not.

Self-publishing outfits have been around for awhile now, giving deluded artists the opportunity to flood the marketplace with the products of their genius one on-demand copy at a time. However, Amazon is using the print-on-demand CD publishing service CreateSpace to get music back in print that you probably didn't realize you wanted in the first place—unless you're looking for six specific titles. More »

somewhere, kelly clarkson is smiling

Clive Davis Will Have His Revenge Yet Again!

The news that Clive Davis is being reassigned to a different, less important post at Sony BMG was a little surprising; after all, his latest prize signing, Leona Lewis, debuted at No. 1 on this week's album charts, despite her Muzak presence ruining my trip to a bookstore recently. His loss of power is another sign that the era of the mega-act is being read its corporate last rites. More »

slap fights

Perez Hilton To Sony BMG: "Oh, You Bitch!"

It's on now, Sony BMG! Perez Hilton is planning to boycott all Sony BMG artists in response to the lawsuit they've filed against the professional canker sore. Perez is unable to understand why Sony BMG is angry that he streamed Britney Spears songs on his site, as the attention he's given her obviously has helped the sales of Blackout, which has currently sold a quarter of what 2003's In The Zaa-own pulled. As much as it will pain him not to scribble on the faces of artists such as Britney, R. Kelly, Leona Lewis, and Kenny G, he swears their faces will grace his blog no more. Gasp! More »

ironies

Anti-Piracy Malware Enthusiasts Sony BMG Sued For Piracy

The same company that tried to force rootkits on the computers of folks who actually went to the trouble of buying their CDs has been sued for stealing software. An IT guy at Sony contacted the French company PointDev for tech assistance, only to give a pirated license code for their Ideal Migration program. After a raid on the company's IT infrastructure, some now believe that almost half of the software on Sony BMG's computers might be pirated. More »

MySpace's digital-music joint venture is reportedly bringing Sony BMG and Warner Music Group aboard this week; the service, which will allegedly launch later this year, is expected to incorporate both paid downloads and ad-supported streaming. Or, as a nameless source breathlessly says, it'll "bring in all forms of [making money from digital music] and much more tightly integrate them." It should probably think about somehow integrating the hackers who will be gunning for a way to make the "paid" part of the service free as soon as it launches if it wants to really be all-encompassing. [NYP]

joint ventures

Sony BMG's Future May Be As Uncertain As Music Business' Future

Even though a Sony BMG representative hinted that the company may reissue its back catalog on vinyl over the weekend, the fate of the company itself seems unclear. Billboard reports that Bertlesmann CFO Thomas Rabe and CEO Hartmuth Ostrowski were heard murmuring about whether or not they'd continue in their joint venture with Sony once the deal is up next year: More »

in the groove

Don't Call It A Comeback: Letting More Vinyl Rumors Flow

The "Vinyl Revival" panel at SXSW was pretty good, and not just because it offered the perk of free coffee. The discussion went through the typical pattern of production processes, distribution and whatnot, but when the Q&A started, things really sprang to life—especially when one member of the audience, a representative from Sony BMG, mentioned that his parent company is working on releasing its entire back catalog on vinyl. I can't imagine this starting up anytime soon, but it sure sounds like a long-overdue idea.

Sony BMG is making its DRM-free catalog available at Amazon's MP3 store, thus making the online shop the only place where consumers can legally buy unprotected digital music from all four major labels. [Variety]

whaddaya say to taking chances

Sony Hoping That Convenient Card Format Will Inspire People To Start Giving Music As Gifts Again

Sony BMG has announced more plans for its Platinum MusicPass, the album-in-a-gift-card scheme that will allow people who pony up $12.98 to download MP3s* of the album touted on the card. In his analysis of the product, Glenn at Coolfer posits that Sony BMG is pitching the Platinum Music Pass as a gift idea; presumably it'll be stocked with gift cards from companies like American Express and iTunes in the checkout aisles of retailers like Best Buy and Winn-Dixie. (And I do have to say that shrinking albums down to card size is an excellent way to respond to retailers' slashing of floor space for music.) But let's be honest: would you get your friend a Jennifer Lopez album on a plastic card as a way to say "happy birthday" or even "you might want to cut down on the blush"? Our poll on your preferred format for gifting music is after the jump. More »

nobody rides for mp3

Sony BMG Can't Let Go Of Putting Out Physical Product

Sony BMG is leaving DRM behind and entering the MP3 market ... with albums that you can buy in stores. But in a move designed to counteract the ever-shrinking amount of floor space devoted to music, those albums won't be on CD or DVD-Audio or DualDisc some other sort of disc. No, they'll be on cards—you know, the sort of dinky plastic gift cards that you now see offering things like iTunes credits and American Express-mediated money at the checkout counters of your big-box retailers in these high fructose corn syrup-averse times! And they'll also be more expensive than $9.99, natch. What, you thought you were going to get off easy on this? More »