Hints and tips:
...“I left Athens, Georgia, a great music scene but mostly known for indie rock. I didn’t know what I was doing.” He initially considered moving to New York or LA....
...Plus, EMI and the smaller Warner Music had made repeated attempts to merge....
...In recent years, Universal has also struck deals with social media apps such as TikTok and Facebook as well as fitness groups such as Peloton, which pay to use songs on their platforms....
...And it completely transformed music, in ways no one would have predicted. Take this fact: to qualify as having been listened to on Spotify, a song has to have been played for 30 seconds....
...“The music business used to be a relationship business but . . . the power has shifted from the heads of record companies to streaming services....
...The value of music copyrights has increased. This has produced an impressive return for participants such as Abu Dhabi fund Mubadala in the Sony-led consortium that paid $2.2bn for EMI in 2012....
...The EMI deal would allow Sony not only to cement its position as the world’s largest music publisher but also to take advantage of the recovery in the industry driven by the expansion of music streaming...
...In 2011, Citi split the business in two, selling the recorded music arm for $1.9bn to Vivendi’s Universal Music and its music publishing business to a consortium led by Sony for $2.2bn....
...The music business today is so much more marketing driven. What was your best preparation for business?...
...He moved to EMI when, as he said, it was “king of the world” in technology, entertainment and business, his trio of passions....
...A Sony-led consortium acquired EMI Music Publishing four years ago for $2.2bn; Sony/ATV manages EMI on an arms-length basis, a regulatory condition of the Sony group’s purchase....
...It was the early days of the internet, but file sharing services such as Napster were already gaining popularity as a way to listen to music for free. Once again he was ahead of his time....
...The songs under management include works represented by EMI Publishing, which was acquired by a Sony-led consortium for $2.2bn....
...Rarely photographed without a beaming smile and a big cigar, Mr Bandier was reunited with EMI Music Publishing three years ago when a Sony-led consortium acquired it for $2.2bn....
...Music streaming has become increasingly popular in recent years, as consumers shift from paying for individual downloads from services such as Apple’s iTunes to listening to catalogues of online music....
...“The music business is quite weird and working with people who want you to fail because you are doing something they don’t like is just so odd,” he says, as if bemused....
...EMI was broken up after a protracted sale process, with Vivendi’s Universal Music Group buying most of its recorded music business and a Sony-led consortium acquiring EMI’s music publishing division....
...When I was at EMI, we participated in an industry consortium choosing the right tape to put on a CD to make sure that no one stole the music from the record shop....
...He skipped university, cold-calling music companies until he got a job as a talent scout and song plugger at April Music, a CBS-owned music publishing company....
...When Jim Fifield, the former head of EMI’s recorded music business – known as Lucky Jim, thanks to the generous bonuses he was paid – suggested in 1994 that Mr Faxon should join EMI to run business development...
...BMG bought music publishers including Chrysalis, as well as catalogues of songs from artists such as Take That....
...Virgin Music was sold by a Sony-led consortium to BMG in December as part of an agreement with regulators after the consortium bought EMI’s publishing arm....
...When someone sells a song on Redigi, the company moves the music file to its own servers and removes copies from the user’s computer....
...Warner separately bid for Rosetta, a roughly $90m publishing business Sony is selling as a condition of its EMI deal....
...… Doing business runs in the Perelman family....
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