Morning Fix: Sony and BMG's Joint Parlophone Bid; Max Hole Named UMGI CEO; CES Preview
Morning Fix: Sony and BMG's Joint Parlophone Bid; Max Hole Named UMGI CEO; CES Preview

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SONY TEAMS UP WITH BMG TO BID FOR PARLOPHONE: BMG has gained a partner in its bid to purchase Parlophone and other EMI labels that Universal is selling off as part of its purchase of EMI last year: Sony, its former partner in a joint venture that was abandoned four years ago. Other interested bidders are said to include Warner Music - which recently hired former Sony exec Rob Wiesenthal as COO -- Ronald Perelman's MacAndrews & Forbes; and Simon Fuller and Chris Blackwell, with backing from RIT Capital Partners.

CES 2013 PREVIEW: CONTENT SHAPES HARDWARE'S FUTURE: With 3,000 exhibitors and more than 150K expected attendees during four days starting tomorrow (Jan. 8), this year's Consumer Electronics Show will be a primordial soup of controlled chaos. And at 1.9 million square feet of convention space this year's CES will be the largest in its 47-year history. Here are this year's overarching themes to help decode this year's event. Also, CES preview videos on what's hot by contributor Scott Steinberg.

MAX HOLE NAMED UNIVERSAL MUSIC INTERNATIONAL CHAIRMAN AND CEO: Max Hole has been named chairman and CEO of Universal Music Group International, Group CEO and Chairman Lucian Grainge announced today. Hole will be based in London and responsible for the company's global operations outside the United States and will also oversee UMG's worldwide classical music business.

BUSINESS MATTERS: A BETTER LOOK AT THE DIGITAL PIE: Digital download sales were up in 2012 in the United States. Track sales set a record. Digital album sales set a record. In fact, sales were so healthy the gains nearly offset the decline in physical sales. But what does the U.S. digital market look like when subscription and performance revenues are added? The picture changes quite a bit, actually.

THE YEAR IN INTERNATIONAL: THINK GLOBALLY, ACT GLOBALLY (LIKE PSY): The music business in 2012 continued its inexorable march towards increased globalization at an ever-greater velocity. The year's biggest industry stories often weren't limited to just the top music markets -- the U.S., Japan, Germany, the U.K. -- but the entire globe as artists, labels, promoters, retailers, tech companies -- and especially a certain pudgy Korean rapper -- both thought and acted globally.

BIG RECORD LABELS PUSH COPYRIGHT CLAIMS AGAINST VIMEO: On Friday, Capitol Records and other big record labels asked a judge for a summary judgment win in a lawsuit against the popular user-generated video website Vimeo, owned by Barry Diller's IAC/Interactive Corp. The plaintiffs allege that Vimeo has knowingly copied, performed, and distributed seminal copyrighted sound recordings by artists without permission.

ARE THE ROLLING STONES PLAYING COACHELLA? FEST TEASES WITH ...POLO BALL: Even though an article was published where Mick Jagger said the Rolling Stones had not been approached about playing the Coachella festival in April -- and he didn't know how a notice saying they would appeared briefly on the band's iPhone app last month -- just look at the photo (left) that appeared on Coachella's Facebook page. A stone on the Coachella field. A very round stone. Like one that could roll... But it's actually a polo ball, a Goldenvoice rep said.

SONY MUSIC UK ANNUAL PRE-TAX PROFITS GROW 128%: Sony Music UK revenues dipped 2.4% to £191m in the 12 months to March 31 2012, but international demand for artists such as One direction and Paloma Faith grew pre-tax profits 128% to £15.2 million ( $24.7 million). Meanwhile, Simco saw turnover nearly double from to £54.7m from £28.1m YoY, pre-tax profits climbed 38% to £32.6m.
Music Week

CUTTING EDGE GROUP BUYS VARÉSE SARABANDE: Over the holidays, the Cutting Edge Group, a company in London that provides and invests in music for the screen, and its partner Wood Creek Capital Management acquired a well-known purveyor of soundtracks: the Varèse Sarabande record label. Terms of the deal were not disclosed, but it is described as an initial step in using about $100 million in funds that will extend the reach of Cutting Edge which will quickly increase its output by half to at least 60 soundtracks a year.
New York Times

GEORGE CLINTON LOSES SONG COPYRIGHTS: According to court docs, Hendricks & Lewis won a $1.5 million judgment against Clinton back in 2010, but was only able to collect $340,000 -- so a Federal Judge just hit GC where it hurts ... his music. In the docs, the judge grants H&L the copyrights for "Hardcore Jollies." "The Electric Spanking of War Babies," "Uncle Jam Wants You" and "One Nation Under A Groove." Once the judgement is paid off, the copyrights go back to Clinton, who has filed a motion to reverse the decision.

THOM YORKE SIGNS GLOBAL ADMIN DEAL WITH KOBALT: Kobalt Music has signed a worldwide administration deal with Thom Yorke to represent the Radiohead man's previous solo album, The Eraser, and his upcoming album with Atoms For Peace. The Atoms For Peace debut, Amok, will be released on February 25 through XL Recordings.
Music Week

VH1 UNVEILS REVAMPED BRAND IDENTITY REFLECTING MUSIC, POP CULTURE INTEGRATION: As 2013 kicks into gear, the network is refreshing its brand identity across linear, digital and social platforms. The new promotional materials feature a plus sign (+) within the VH1 letterforms, which is being called its signature "tagmark." " 10 years ago, no one had ever heard of Justin Bieber, Mark Zuckerberg just entered Harvard, iPhones were five years away and hashtags didn't exist," said Tom Calderone, president of VH1. "Our world has clearly changed, so we want to reflect those cultural and technological changes in each of the many ways that consumers now touch the VH1 brand."
The Hollywood Reporter


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