All Entries in the "Financial/Legal" Category
NashvillePost: Gibson goes on defensive against price-fixing claims
From the NashvillePost.com:
Iconic Nashville-based guitar manufacturer Gibson said claims it colluded with other manufacturers and a retailer in a price-fixing scheme are “wholly without merit.” Gibson, along with competitors Yamaha and Fender, retailer Guitar Center, and the National Association of the Music Merchants, an industry group, are charged in a number of lawsuits in California [...]
Terra Firma Orders New EMI Strategic Plan
Seeking to persuade Terra Firma investors to inject a reported $158.5 million of additional investment, Guy Hands, founder of private equity group Terra Firma, has asked EMI Music chief executive Elio Leoni-Sceti to draw up a new plan for the company. London’s Financial Times reports today (2/4) that the cash injection is intended to meet [...]
Arts & Business Council Sponsors Law Clinic
The Arts & Business Council of Greater Nashville and the Tennessee Bar Association Sports & Entertainment Law Section are hosting a Nashville Entertainment Law Clinic in the SunTrust Community Room at the Country Music Hall of Fame® and Museum on Saturday, February 20 from 9:00 AM-1:00 PM. At the clinic, songwriters are welcome to sign [...]
Ticketmaster/Live Nation Merger To Get US Approval
The US Department of Justice plans to approve the merger of Ticketmaster and Live Nation. Regulators are demanding that the companies make a few concessions to ensure fair competition, including licensing its Ticketmaster Host ticketing software to concert promoter and venue manager Anschutz Entertainment Group, and divesting its self-ticketing subsidiary Paciolan to promoter and manager [...]
National News: Labels Face Antitrust Suit; Arbitron; Bergman Catalogue
An antitrust lawsuit alleging price fixing of digital downloads by the major labels has been reinstated by a federal appeals court. EMI, Universal Music Group and Warner Music Group, are among the defendants in the case that will be allowed to proceed. The U.S. Second Circuit Court of Appeals overturned the October 2008 decision of [...]
Performance Royalty Debate Over Ringbacks
BMI has filed suit against T Mobile, claiming that the mobile phone company hasn’t secured proper licensing for selling ringback tones. According to Digital Music News, the suit filed in the US District Court for the Central District of California, Los Angeles, says BMI has licensing agreements with other carriers.
Since BMI and other performing rights [...]
Letter To The Editor Re: Urban At PC Awards
Some members of the music community are riled up over Keith Urban’s acceptance speech for Favorite Male Artist at last night’s (1/6) People’s Choice Awards. On stage at the Nokia Theatre LA Live he thanked fans and said the most important thing to him is that people hear his music, even if they download [...]
Piracy Report: 2009s Most Downloaded Films
The music industry is not alone when it comes to fighting the revenue-shrinking effects of piracy. Web analysts www.torrentfreak.com, a site dedicated to creating unique information pertaining to filesharing, has released its list of the Top 10 most pirated movies of 2009.
The site notes that although Internet piracy from the silver screen increased during 2009, [...]
Citadel To File Chapter 11
Citadel Broadcasting plans to file Chapter 11 bankruptcy protection before the end of the year, the Wall Street Journal reports. The radio broadcaster is in talks with lenders over the prearranged bankruptcy plan which has lenders exchanging Citadel’s $2 billion in debt for about 99.5 percent equity in the reorganized company, the Journal said. The [...]
Booming Movie Biz Headed For Biggest Year Yet
Hollywood is on track for its biggest year ever. TheWrap.com reports that domestic box office receipts will zoom past the $10 billion mark for the first time in history by the end of 2010. It’s surprising news considering the recession and the fact that there were almost 20 percent fewer films released in 2009 than [...]
GE Sale Of NBC To Comcast Likely
A deal between General Electric and Comcast to sell TV network NBC Universal to Comcast moved a step closer to reality yesterday amid reports of a key agreement between G.E. and Vivendi, essential to complete the sale. G.E. has offered to buy Vivendi’s 20% stake in NBC Universal for a reported $5.8 billion. Vivendi had [...]
FBMM’s John McCarthy To Retire
After 41 years in business, CPA John McCarthy has announced plans to retire from Flood, Bumstead, McCready and McCarthy, Inc. (FBMM) effective December 31, 2009. He will continue to work as a CPA on a limited independent basis.
McCarthy has spent 41 years in the financial management business specializing in tax, audit and financial management for [...]
BMI Promotes Jessica Frost
BMI has promoted Jessica Frost to Director, Business Development/Licensing. Based in the organization’s Nashville office, Frost began working for BMI in 1999 as a Customer Relations Executive. She was promoted to Account Representative in 2000, and then was named Account Executive in 2001. She became Assistant Manager, Industry Development in 2003, and was promoted again [...]
File Sharing Harms Paid Music Purchases
Some observers believe that music file sharing can fuel paid purchases because it exposes listeners to new music they might not have heard otherwise. To test this theory, Jupiter Research surveyed 5000 European consumers to see how illegal trading affects music spending and found that the overall impact of file sharing is negative.
The results show [...]
Nashville Post: FBI Raids Gibson Offices
Iconic company charged with illegal importation of Madagascar wood.
Click to go to >>Nashville Post<<
Live Nation/TM Merger Faces UK Roadblocks
The proposed Live Nation/Ticketmaster merger is facing opposition from the U.K.’s Competition Commission (CC). The organization made a provisional ruling against the merger and released a statement saying it could, “severely inhibit the entry of a major new competitor – CTS Eventim – into the U.K. ticketing market….This could lead to higher net prices (eg [...]
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I love WYNONNA! 
Just wondering why you stated that Rory Bourke is a member of the Songwriters Hall of Fame but not that ...
Hats off to J.D. Haas! 
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