Grammy and Academy Award winner Melissa Etheridge has inked a deal with Primary Wave Music’s talent management division. Etheridge looks to leverage Primary Wave’s resources, including its in-house team of marketing, press and film/TV and ad licensing. Alongside a roster of CeeLo Green, Natalie Imbruglia, Flyleaf and Trevor Jackson, Etheridge is gearing up for a new boxed set of unreleased material, tentatively titled “Unheard Of,” plus a forthcoming new album in 2014. She also looks to begin filming a documentary while continuing work on her syndicated “Melissa Etheridge Radio Show” (Benztown Radio Networks), which gives her a platform to discuss topics ranging from breast cancer awareness to LGBT rights to environmentalism.
Third Point, the hedge fund run by Daniel Loeb, now holds up to 1.6% of Sony Corp.’s stock, according to a filing with authorities in Tokyo this week. The name of the hedge fund showed up in the quarterly filing for the first time, meaning Third Point has increased the amount of stock held in its own name, though not necessarily its overall stake. The fund has previously issued statements saying it held up to 7% of Sony stock, making it the largest single shareholder. Those shares are believed to be held under a number of different names to avoid the need to register with the Japanese financial authorities, according to reports. In Japan, any single individual, fund or company that owns more than 5% of a listed corporation’s stock must register that interest and declare any further transactions in the stock. With a stake of more than 1% in Sony in its own name, the hedge fund can now make official proposals to the company at shareholder meetings. However, Loeb has already been putting pressure on Sony this year with his proposal to sell off part of its entertainment business. Sony rejected the idea, but CEO Kaz Hirai later said the increased focus on the division was a positive.
Martin Kierszenbaum, a Grammy-nominated songwriter/producer and co-founder of the successful Cherrytree Records, has partnered with Kobalt to launch Cherrytree Music Publishing, for which Kobalt will provide funding as well as administration and creative services. Cherrytree and Kierszenbaum were behind releases by Feist (“Let It Die”) and Lady Gaga (“The Fame,” “The Fame Monster”). In addition, Kierszenbaum wrote and produced four songs for Gaga, including “The Fame.” He also manages songwriter/producer Jeff Bhasker, Incubus guitarist and songwriter/producer Mike Einziger and video director Talkboy TV, among others.