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music publishing

Report: EMI To Miss Original Earnings Goal, Still Longs For Warner Music

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The Telegraph reported today that Terra Firma has bought itself a bit of time with Citigroup. EMI reportedly now has an extra three months to reach certain financial targets. (To what degree these goals are tied to Citigroup financing is a bit unclear.

Universal Music Group Improved in Q1 2008

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Citing improved digital sales and the integration of BMG Music Publishing and Sanctuary, Vivendi announced Universal Music Group's Q1 2008 earnings today.

Sony BMG Revenue Down, Profit Up

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Sony Corp released its earnings today. Sony BMG revenues dropped 4% while operating profit jumped 90%. (Info is on slide #4 and #18 of the earnings presentation .) No results with constant currency were given.

Thursday Business Links: Album Sales Way Down

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• Album sales last week were down 24.5% versus the same week in 2007. George Strait debuted at #1 with sales of 166,000. REM, having received an incredible amount of press in the last month, debuted at #2 with only 115,000. (Billboard.biz)

UMG, WMG Increase Global Market Share

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Music & Copyright has released a new report with global sales figures for recorded music. In 2007, Universal Music Group upped its market share of recorded music to 28.8% from 25.7% in 2006.

Universal Music Group Earnings Down

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Vivendi announced its 2007 earnings last week (download PDF of earnings release). Yeah, I'm a bit late on this one. EBITA dropped 16.1% (12.9% at constant currency). Digital sales increased 51% (at constant currency).

The Early Years #1

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"Sounds like something a Muppet would sing,” I said out loud to my empty tiny office.  “I can’t believe that’s Michael W. Smith.  That really really sucks.”

After getting a degree in music composition I moved to Nashville in 1993 with my new bride to begin work as an unpaid intern at what is now Brentwood-Benson Music Publishing.  My dream was to write songs for other people for a living.  My job though was running a cassette duplicating machine, typing

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