At a celebration lunch was held at New York City's swanky Four Seasons Restaurant earlier this week, May 26, in honor of Chita Rivera's Tony nominated performance in Broadway's The Visit.Hosted by Liz Smith and Edgar Bronfman, Jr., a slew of special guests came to celebrate the Broadway icon. Scroll down to see what they had to say about Chita, and click here for all the photos from the luncheon...
- 5/28/2015
- by Richard Ridge
- BroadwayWorld.com
Canadian billionaire businessman Edgar M. Bronfman died Saturday. He was 84. Bronfman inherited the reins of the Seagrams biz empire in 1971 from his father Samuel and acted as Chairman and CEO. Son Edgar Bronfman Jr. later became CEO focusing on media investments and eventually lost entertainment interests including Universal Studios to Vivendi in 2000. Bronfman Sr. also served as the longtime President of the World Jewish Congress, the international organization which elected him in 1981. During his tenure Bronfman helped spearhead an initiative to grant restitution to Holocaust victims, resulting in a $1.25 billion settlement payout in 2000 from Swiss banks. He stepped down from his Wjc post in 2007.
- 12/23/2013
- by THE DEADLINE TEAM
- Deadline TV
Billionaire businessman Edgar Bronfman, Sr., a prominent philanthropist and advocate for Jewish causes who oversaw Seagram’s foray into show business, died Saturday at his home in New York. He was 84. His death, of natural causes, was confirmed by the family’s Samuel Bronfman Foundation. Bronfman, the son of Canadian liquor magnate Sam Bronfman, chaired the Seagram alcohol company and through his foundation promoted Jewish learning and community across the world. He’s also the father of Edgar Bronfman, Jr., the former head of Warner Music Group. Also read: Hollywood’s Notable Deaths of 2013 Edgar Jr. helped steer Seagram into...
- 12/22/2013
- by Todd Cunningham
- The Wrap
New York (AP) — Edgar M. Bronfman Sr., the billionaire businessman and longtime president of the World Jewish Congress, which lobbied the Soviets to allow Jews to emigrate and helped spearhead the search for hidden Nazi loot, died Saturday. He was 84. The Canadian-born Bronfman died at his New York home surrounded by family, according to the family charity he led, The Samuel Bronfman Foundation. Bronfman made his fortune with his family's Seagram's liquor empire, taking over as chairman and CEO in 1971 and continuing the work of his father, Samuel. Under Bronfman's leadership, Seagram expanded its offerings and
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- 12/22/2013
- by The Associated Press
- The Hollywood Reporter - Movie News
The New York rapper is tangled up in a vicious legal battle over her 4-year-old son, after her baby daddy filed a restraining order in March. But M.I.A. is claiming the restraining order is a human rights violation — do You agree?
Rapper M.I.A. isn’t allowed to take her son Ikhyd Edgar Arular Bronfman, 4, to her native England after ex-fiance Ben Bronfman, 30, filed a restraining order against the 37-year-old musician.
M.I.A.’s Custody Battle For Son Ikhyd Edgar Arular Bronfman
Ben, an entrepreneur and son of billionaire Edgar Bronfman, filed the restaining order in March, which prevents M.I.A from taking her precious son out of the country — even to her homeland of England, according to TMZ.
But M.I.A. is challenging the restraining order, and claims that is similar to international child abduction. She filed legal documents in New York, and...
Rapper M.I.A. isn’t allowed to take her son Ikhyd Edgar Arular Bronfman, 4, to her native England after ex-fiance Ben Bronfman, 30, filed a restraining order against the 37-year-old musician.
M.I.A.’s Custody Battle For Son Ikhyd Edgar Arular Bronfman
Ben, an entrepreneur and son of billionaire Edgar Bronfman, filed the restaining order in March, which prevents M.I.A from taking her precious son out of the country — even to her homeland of England, according to TMZ.
But M.I.A. is challenging the restraining order, and claims that is similar to international child abduction. She filed legal documents in New York, and...
- 6/10/2013
- by Christina Stiehl
- HollywoodLife
Edgar Bronfman, Jr., former Chairman and CEO of Warner Music Group, has left the company's board of directors, Warner revealed during its Tuesday morning earnings call. No replacement for Bronfman was announced. Bronfman's role on the board was to "focus on the company's strategy and growth opportunities," according to an August 2011 press release. A source close to the situation tells Billboard that Bronfman played an important role in Warner's acquisition of Parlophone from Emi. His departure from the board comes as the Parlophone acquisition is in the regulatory approval phase and appears near its end. CEO Stephen
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- 5/14/2013
- by Glenn Peoples, Billboard
- The Hollywood Reporter - Movie News
By Roger Friedman
HollywoodNews.com: Popular seventies recording act Sister Sledge–”We Are Family” was their monster hit– and country star Ronnie Blakely of the movie “Nashville”–have filed a class action suit against Warner Music Group. This is a big deal. The suit is based on Eminem’s successful similar suit against Universal Music Group from last year. It’s based on the record companies’ alleged non payment of royalties on digital downloads, mostly to “legacy” artists whose contracts never foresaw the advent of ITunes and the disappearance of physical records.
The Warner suit has far reaching implications because it encompasses not just Warner, but its especially lucrative catalog business via Atlantic Records (Aretha Franklin, Sam & Dave, Otis Redding, Wilson Pickett) and Rhino Records (which has repackaged all that material for decades). It’s also a class action suit, which means dozens of artists from the heyday of Warner-Elektra-Atlantic-Rhino...
HollywoodNews.com: Popular seventies recording act Sister Sledge–”We Are Family” was their monster hit– and country star Ronnie Blakely of the movie “Nashville”–have filed a class action suit against Warner Music Group. This is a big deal. The suit is based on Eminem’s successful similar suit against Universal Music Group from last year. It’s based on the record companies’ alleged non payment of royalties on digital downloads, mostly to “legacy” artists whose contracts never foresaw the advent of ITunes and the disappearance of physical records.
The Warner suit has far reaching implications because it encompasses not just Warner, but its especially lucrative catalog business via Atlantic Records (Aretha Franklin, Sam & Dave, Otis Redding, Wilson Pickett) and Rhino Records (which has repackaged all that material for decades). It’s also a class action suit, which means dozens of artists from the heyday of Warner-Elektra-Atlantic-Rhino...
- 2/4/2012
- by Roger Friedman
- Hollywoodnews.com
The iTunes Store is great. But in the negotiations between music executives and Apple CEO Steve Jobs, the latter certainly came out on top, according to Warner Music Group chairman Edgar Bronfman, Jr. "If you look at the market cap increase in Apple since it created the iPod versus what's happened to the music industry, you have to say Apple got the better part of that deal," Bronfman said Tuesday at the D: Dive Into Media conference in Laguna Niguel. Photos: Apple Products in TV and Movies At the close of trading on Tuesday, Apple's market cap was $426
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- 2/1/2012
- by Paul Bond
- The Hollywood Reporter - Movie News
HollywoodNews.com: Nile Rodgers, Paul Shaffer, Michael Douglas, Cissy Houston, Felicia Collins, Russ Titelman, Sylvia Rhone, Nona Hendryx, and Sue Simmons were among the luminaries who attended the Monday night memorial service for Nick Ashford at Harlem’s Abyssinian Baptist Church. Jim Bessman was kind enough to write us an account of what went on because I could not be there. No sign of Diana Ross, Chaka Khan or Whitney Houston, but plenty of towering talent from Roberta Flack to Edgar Bronfman, Jr. participated. Nick’s death is a huge blow to his family, friends and the world. –Rf
To those who spoke on his behalf at his memorial service yesterday, Nickolas Ashford was a giant, a saint, a talent whose contributions, as Vogue’s Andre Leon Talley dramatically stated, matched those of the likes of James Brown, Nina Simone, James Baldwin, Dr. Maya Angelou, Ralph Ellison and Duke Ellington,...
To those who spoke on his behalf at his memorial service yesterday, Nickolas Ashford was a giant, a saint, a talent whose contributions, as Vogue’s Andre Leon Talley dramatically stated, matched those of the likes of James Brown, Nina Simone, James Baldwin, Dr. Maya Angelou, Ralph Ellison and Duke Ellington,...
- 8/31/2011
- by Roger Friedman
- Hollywoodnews.com
I don't know if there'll be a formal announcement of this, but Ron Meyer has signed a new contract to continue as President and Chief Operating Officer of Universal Studios. He will remain with the company at least 4 1/2 more years through 2015 and he will continue to report to Steve Burke, chief of NBCUniversal. And so concludes the recent saga of whether Meyer would stay atop the studio after the recent sale to Comcast. First came the inaccurate reports last November that the 66-year-old Meyer was about to get fired by the new owners. Then came more inaccurate reports in May that Meyer was in negotiations to get hired again. Actually, the longest-serving Hollywood mogul began bargaining shortly after that since the perks alone made the job worth the headaches, and Comcast wanted him to stick around. Meyer's current contract continues through December 2012 and he's been running Universal Studios for 16 years in charge of motion pictures,...
- 6/27/2011
- by NIKKI FINKE
- Deadline Hollywood
First, Vulture.com's Claude Brodesser-Akner inaccurately reported last November that 66-year-old Ron Meyer was about to get fired by the new Comcast owners. Now the Los Angeles Times' Ben Fritz inaccurately reported today that Ron Meyer is in negotiations to get hired again. Jeez, can't you people get this right? Here's what's true: there is no bargaining underway, no contract extension on the table, no sticking points, no nothing. Just an "indication" from the Comcast overlords to Ron Meyer that they'd like him to stay. Does he want to stick around? Of course. (The perks alone make the job of mogul worth the headaches...) Will he stick around? Without doubt. But Fritz's story isn't correct as to where things stand today. "It's too early. The La Times is honestly getting ahead of themselves. Everyone's afraid to get beat by you," an insider tells me. (Yikes, so now their mistake is my fault?...
- 5/16/2011
- by NIKKI FINKE
- Deadline Hollywood
The Russian-born industrialist billionaire, who made his fortune in chemical and natural resource companies after the fall of the Soviet Union, just bought Warner Music Group, the record label that manages Cher, The Red Hot Chili Peppers, and Waka Flocka Flame.
Access Industries will acquire Warner Music Group, for $3.3 billion in cash, it was announced today. Access gets all of Wmg's goodies: all its recorded music and music publishing businesses, according to the announcement. Access Industries, headed by the Russian-born American businessman Len Blavatnik, has long held a minority stake in Wmg, and is said to be buddies with Warner CEO Edgar Bronfman, who assured everyone today that the move "serves the best interests of stockholders as well as the best interests of music fans, our recording artists and songwriters, and the wonderful people of this company."
This doesn't come totally as a surprise; Wmg had been at auction for months--Sean Parker was bidding,...
Access Industries will acquire Warner Music Group, for $3.3 billion in cash, it was announced today. Access gets all of Wmg's goodies: all its recorded music and music publishing businesses, according to the announcement. Access Industries, headed by the Russian-born American businessman Len Blavatnik, has long held a minority stake in Wmg, and is said to be buddies with Warner CEO Edgar Bronfman, who assured everyone today that the move "serves the best interests of stockholders as well as the best interests of music fans, our recording artists and songwriters, and the wonderful people of this company."
This doesn't come totally as a surprise; Wmg had been at auction for months--Sean Parker was bidding,...
- 5/6/2011
- by David Zax
- Fast Company
Len Blavatnik's Access Industries won the auction for Warner Music Group in a $3.3 billion deal that includes Wmg's entire music and music publishing business. Blavatnik, who had bid unsuccessfully for MGM, was already a Warner investor and served on its board. He is also a friend of Warner CEO Edgar Bronfman. "I am excited to extend my longstanding involvement with Warner Music," said Blavatnik in a statement. "It is a great company with a strong heritage and home to many exceptional artists. I look forward to working closely with the many...
- 5/6/2011
- The Wrap
Simon Cowell has entered the UK music rich list top ten with his personal fortune of £200 million in the Sunday Times' annual music millionaires rich list.
The X Factor judge and creator moves up from his number 11 position in last year's list to overtake Elton John, Mick Jagger, Sting and Keith Richards. The list is topped by Zomba Records co-founder Clive Calder, who has amassed a personal fortune of £1.3 billion and returns to the summit following the UK departure of Edgar Bronfman, who headed last year's list with a £1.64 billion fortune. Classical singer Katherine Jenkins managed to retain her number one placing on the Top 20 Young Music Millionaires list, increasing her personal fortune by £2 million to £13 million. She faced tough competition from X Factor judge and Girls Aloud star Cheryl Cole, (more)...
The X Factor judge and creator moves up from his number 11 position in last year's list to overtake Elton John, Mick Jagger, Sting and Keith Richards. The list is topped by Zomba Records co-founder Clive Calder, who has amassed a personal fortune of £1.3 billion and returns to the summit following the UK departure of Edgar Bronfman, who headed last year's list with a £1.64 billion fortune. Classical singer Katherine Jenkins managed to retain her number one placing on the Top 20 Young Music Millionaires list, increasing her personal fortune by £2 million to £13 million. She faced tough competition from X Factor judge and Girls Aloud star Cheryl Cole, (more)...
- 5/4/2011
- by By Lewis Corner
- Digital Spy
Simon Cowell has entered the UK music rich list top ten with his personal fortune of £200 million in the Sunday Times' annual music millionaires rich list.
The X Factor judge and creator moves up from his number 11 position in last year's list to overtake Elton John, Mick Jagger, Sting and Keith Richards. The list is topped by Zomba Records co-founder Clive Calder, who has amassed a personal fortune of £1.3 billion and returns to the summit following the UK departure of Edgar Bronfman, who headed last year's list with a £1.64 billion fortune. Classical singer Katherine Jenkins managed to retain her number one placing on the Top 20 Young Music Millionaires list, increasing her personal fortune by £2 million to £13 million. She faced tough competition from X Factor judge and Girls Aloud star Cheryl Cole, (more)...
The X Factor judge and creator moves up from his number 11 position in last year's list to overtake Elton John, Mick Jagger, Sting and Keith Richards. The list is topped by Zomba Records co-founder Clive Calder, who has amassed a personal fortune of £1.3 billion and returns to the summit following the UK departure of Edgar Bronfman, who headed last year's list with a £1.64 billion fortune. Classical singer Katherine Jenkins managed to retain her number one placing on the Top 20 Young Music Millionaires list, increasing her personal fortune by £2 million to £13 million. She faced tough competition from X Factor judge and Girls Aloud star Cheryl Cole, (more)...
- 5/4/2011
- by By Lewis Corner
- Digital Spy
Simon Cowell has entered the UK music rich list top ten with his personal fortune of £200 million in the Sunday Times' annual music millionaires rich list.
The X Factor judge and creator moves up from his number 11 position in last year's list to overtake Elton John, Mick Jagger, Sting and Keith Richards. The list is topped by Zomba Records co-founder Clive Calder, who has amassed a personal fortune of £1.3 billion and returns to the summit following the UK departure of Edgar Bronfman, who headed last year's list with a £1.64 billion fortune. Classical singer Katherine Jenkins managed to retain her number one placing on the Top 20 Young Music Millionaires list, increasing her personal fortune by £2 million to £13 million. She faced tough competition from X Factor judge and Girls Aloud star Cheryl Cole, (more)...
The X Factor judge and creator moves up from his number 11 position in last year's list to overtake Elton John, Mick Jagger, Sting and Keith Richards. The list is topped by Zomba Records co-founder Clive Calder, who has amassed a personal fortune of £1.3 billion and returns to the summit following the UK departure of Edgar Bronfman, who headed last year's list with a £1.64 billion fortune. Classical singer Katherine Jenkins managed to retain her number one placing on the Top 20 Young Music Millionaires list, increasing her personal fortune by £2 million to £13 million. She faced tough competition from X Factor judge and Girls Aloud star Cheryl Cole, (more)...
- 5/4/2011
- by By Lewis Corner
- Digital Spy
Michael Eisner has been elected to Iac’s board of directors, the New York-based Internet and media company announced on Tuesday. Diller, the former Disney chief, takes a seat on the board alongside Barry Diller, who stepped down as Iac’s CEO in December, but retained his board seat. With the addition of Eisner, Iac’s board is now comprised of 13 members: Eisner, Diller, Greg Blatt, Edgar Bronfman, Jr., Victor Kaufman, Don Keough, Bryan Lourd, Arthur Martinez, David Rosenblatt, Alan Spoon, Alexander von Furstenberg, Richard Zannino and Michael Zeisser. Iac owns dozens of websites, including...
- 3/15/2011
- by Dylan Stableford
- The Wrap
When Edgar Bronfman Jr gained ownership of Universal Studios he got into some odd marketing campaign practices. One of which is this rare, employee orientation video, that enlightened people about how things were going to change under new management.
Created in 1995 by Matt Stone and Trey Parker and commissioned by comedic filmmaker David Zucker, Your Studio and You was to be played at a party Seagram threw for its employees acquired as a result of its Universal Studios take-over. It parodies the style of 1950s educational films such as Duck and Cover, while poking fun at Universal and its talent. Edgar Bronfman Jr didn’t like it, so they scrapped it but the film is notable in that it was Stone and Parker’s first Hollywood gig. The film is also notable for its use of a number of celebrity actors, musicians, writers, producers, and directors in the Universal family,...
Created in 1995 by Matt Stone and Trey Parker and commissioned by comedic filmmaker David Zucker, Your Studio and You was to be played at a party Seagram threw for its employees acquired as a result of its Universal Studios take-over. It parodies the style of 1950s educational films such as Duck and Cover, while poking fun at Universal and its talent. Edgar Bronfman Jr didn’t like it, so they scrapped it but the film is notable in that it was Stone and Parker’s first Hollywood gig. The film is also notable for its use of a number of celebrity actors, musicians, writers, producers, and directors in the Universal family,...
- 12/12/2010
- by Ricky
- SoundOnSight
Hollywood movie empire reaches deal to unload $4bn debt and relaunch under new management
In its glory years, Metro-Goldwyn-Mayer was a Hollywood hit factory that churned out golden classics such as Mutiny on the Bounty and The Wizard of Oz. But the Us entertainment empire is to declare itself bankrupt this week under a pre-arranged deal with creditors to shed a crippling debt burden of more than $4bn (£2.5bn).
After a year of wrangling over the troubled studio's future, lenders to MGM are set to seize as much as 95% of the company, under a financial restructuring to be put before a bankruptcy judge in Los Angeles for approval.
Once in control, creditors intend to install the founders of a far smaller production company, Spyglass Entertainment, to run a slimmed-down version of MGM in the hope of reviving its fortunes. Spyglass bosses Gary Barber and Roger Birnbaum are responsible for...
In its glory years, Metro-Goldwyn-Mayer was a Hollywood hit factory that churned out golden classics such as Mutiny on the Bounty and The Wizard of Oz. But the Us entertainment empire is to declare itself bankrupt this week under a pre-arranged deal with creditors to shed a crippling debt burden of more than $4bn (£2.5bn).
After a year of wrangling over the troubled studio's future, lenders to MGM are set to seize as much as 95% of the company, under a financial restructuring to be put before a bankruptcy judge in Los Angeles for approval.
Once in control, creditors intend to install the founders of a far smaller production company, Spyglass Entertainment, to run a slimmed-down version of MGM in the hope of reviving its fortunes. Spyglass bosses Gary Barber and Roger Birnbaum are responsible for...
- 10/30/2010
- by Andrew Clark
- The Guardian - Film News
Did Universal Music Group make a mistake? Last month, the world's largest record label announced that MTV.com would no longer be carrying its artists' music videos; instead, the label would broadcast on Vevo, the Hulu-for-music-video platform that has been growing in popularity with help from YouTube. Vevo recently became the No. 1 online destination for music entertainment. But today, a new report from comScore shows that MTV has knocked Vevo from the top spot.
According to the report, MTV received more than 53 million unique visitors in August, a 165% uptick in traffic year-over-year. Vevo, on the other hand, garnered 49 million visitors last month.
"Amen, brother," exclaims Van Toffler, president of MTV Networks' music group. "It all seems to be clicking."
What's remarkable about these figures isn't the difference in unique visitors, but more so how much MTV has climbed in such a short span. In February, when Vevo became the No.
According to the report, MTV received more than 53 million unique visitors in August, a 165% uptick in traffic year-over-year. Vevo, on the other hand, garnered 49 million visitors last month.
"Amen, brother," exclaims Van Toffler, president of MTV Networks' music group. "It all seems to be clicking."
What's remarkable about these figures isn't the difference in unique visitors, but more so how much MTV has climbed in such a short span. In February, when Vevo became the No.
- 9/9/2010
- by Austin Carr
- Fast Company
Last week, Spotify lost its chief designer, Ragnar Anderson, to Facebook, prompting Austin Carr to wonder whether Facebook was starting up its own music service. This week Paul Brown, the Senior Vice President of Svp of Strategic Partnerships, is off to pastures new, leaving the music streaming service after a year and a bit. Talent drains are nothing new, but Brown's departure to a non-music-related startup, after just 16 months in such a senior position, must have Daniel Ek and Martin Lorentzon, above, worried.
For over a year now Spotify has been trumpeting an imminent U.S. launch--according to the Svp himself, it was going to be in the third quarter of this year--which we're already halfway through. Part of Brown's job is to get the record labels on board, something that both Edgar Bronfman, CEO of Warner Music Group, and his counterpart at Universal, David Renzer, seemed to be loath to do back in February.
For over a year now Spotify has been trumpeting an imminent U.S. launch--according to the Svp himself, it was going to be in the third quarter of this year--which we're already halfway through. Part of Brown's job is to get the record labels on board, something that both Edgar Bronfman, CEO of Warner Music Group, and his counterpart at Universal, David Renzer, seemed to be loath to do back in February.
- 8/16/2010
- by Addy Dugdale
- Fast Company
Once the most popular vehicle for music promotion, MTV has just lost its access to the world's largest record label. Universal Music Group announced Friday that MTV.com will no longer be carrying its artists' music videos, a big blow for the music channel given that Umg represents 25% of the global market. Instead, the label will broadcast its videos via the online music-video site Vevo, the Hulu-for-music-videos platform that has been growing in popularity with help from partner YouTube. With record labels now taking sides, here's how the war is playing out between Vevo and MTV.
Vevo has cut deals with three of the four biggest record labels--umg, Sony, Emi--but has not been able to pull in the fourth, Warner Music Group. When I last spoke with Vevo Svp of business development Julie Lee, she assured me that discussions with Wmg were ongoing. Now, it appears that any negotiations have come to a screeching halt.
Vevo has cut deals with three of the four biggest record labels--umg, Sony, Emi--but has not been able to pull in the fourth, Warner Music Group. When I last spoke with Vevo Svp of business development Julie Lee, she assured me that discussions with Wmg were ongoing. Now, it appears that any negotiations have come to a screeching halt.
- 8/9/2010
- by Austin Carr
- Fast Company
Warner Music Group is one of the most innovative companies in the industry. So it's not surprising that in an earnings call this morning with Wmg chair Edgar Bronfman, investors weren't interested in how much physical sales the business has managed to hang on to--no, that's an industry of the past. Rather, analysts spent the call trying to find out what the company has on the horizon in the digital marketplace, where Bronfman says Apple, Google, and Microsoft are battling for the industry's attention.
After Steve Macri, CFO of Wmg, spouted off number after number during his opening remarks (the takeaway: it wasn't a good quarter, but Warner still earned 41% of revenue from digtial music), Bronfman took over and brought up a long-forgotten topic: LimeWire. The P2P file-sharing service that became a haven for pirated music was recently found guilty for copyright infringement, which Bronfman called a "significant victory...
After Steve Macri, CFO of Wmg, spouted off number after number during his opening remarks (the takeaway: it wasn't a good quarter, but Warner still earned 41% of revenue from digtial music), Bronfman took over and brought up a long-forgotten topic: LimeWire. The P2P file-sharing service that became a haven for pirated music was recently found guilty for copyright infringement, which Bronfman called a "significant victory...
- 8/5/2010
- by Austin Carr
- Fast Company
About 15% of U.S. iTunes users are willing to pay at least $10 per month for a music-subscription service, according to a new study by the Npd Group. The report, which concludes that between 7 million and 8 million users have a strong interest in a paid-plan with Apple, suggests that consumers are becoming more and more interested in streaming services and having Web or mobile access to their music libraries. And even though cloud-based Spotify has already built a hugely successful streaming service in Europe, Apple's entrance into subscription-based music could crush Spotify's plans for its upcoming launch in the U.S. market.
Since 2008, iTunes has been the top music retailer in America ahead of both Best Buy and Walmart, and it's estimated that Apple owns approximately 70% of the digital music market. Spotify, on the other hand, has gained almost 7 million users in Europe, but the majority of them access only its free service.
Since 2008, iTunes has been the top music retailer in America ahead of both Best Buy and Walmart, and it's estimated that Apple owns approximately 70% of the digital music market. Spotify, on the other hand, has gained almost 7 million users in Europe, but the majority of them access only its free service.
- 7/16/2010
- by Austin Carr
- Fast Company
By Roger Friedman
HollywoodNews.com: I’ve got to say, reading Peter Lauria’s account of Fred Goodman’s new book about Warner Music, even I thought I must have been wrong.
The book is “Fortune’s Fool,” and apparently, according to the usually astute Lauria, Edgar Bronfman, Jr. is the man who saved the record business. Lauria falls all over himself to endorse Goodman’s thesis: that Bronfman is a genius who should be apologized to now since he’s also a pioneer and seer.
As they say on the inter-web: Omg. That nothing could be farther from the truth is an understatement. That two journalists fell for it makes it all the worse.
Warner Music in its current incarnation is an industry joke. In the five and a half years that they’ve had the company, Bronfman and Lyor Cohen have developed no artists. They’ve relied solely...
HollywoodNews.com: I’ve got to say, reading Peter Lauria’s account of Fred Goodman’s new book about Warner Music, even I thought I must have been wrong.
The book is “Fortune’s Fool,” and apparently, according to the usually astute Lauria, Edgar Bronfman, Jr. is the man who saved the record business. Lauria falls all over himself to endorse Goodman’s thesis: that Bronfman is a genius who should be apologized to now since he’s also a pioneer and seer.
As they say on the inter-web: Omg. That nothing could be farther from the truth is an understatement. That two journalists fell for it makes it all the worse.
Warner Music in its current incarnation is an industry joke. In the five and a half years that they’ve had the company, Bronfman and Lyor Cohen have developed no artists. They’ve relied solely...
- 7/6/2010
- by Roger Friedman
- Hollywoodnews.com
Simon Cowell has apparently added a further £40m to his fortune in the last year, advancing him to eleventh place in the list of the UK's top music millionaires. Cowell's assets have risen by 38 percent in the past twelve months, bringing his overall fortune to an estimated £165m. According to reports, Warner Music Group boss Edgar Bronfman has topped this year's Sunday Times Music Rich List with an estimated estate of £1.64bn. Zomba records owner Clive Calder took the second spot, with Lord Andrew (more)...
- 4/24/2010
- by By Sarah Rollo
- Digital Spy
By Wrap Staff
The Sunday Times of London won't publish its Rich List 2010 until Sunday, but names are beginning to leak out, including Simon Cowell and Warner Music Group chairman-ceo Edgar Bronfman.
Reuters says Cowell increased his personal fortune by £45 million ($69 million) in the past year, according to the list.
Cowell, who is a judge on both "The X Factor" and "American Idol," earned more than half of his £165 million fortune from TV work alone in the past two years.
Cheryl Cole, Cowell's fellow "X Factor" judge, saw h...
The Sunday Times of London won't publish its Rich List 2010 until Sunday, but names are beginning to leak out, including Simon Cowell and Warner Music Group chairman-ceo Edgar Bronfman.
Reuters says Cowell increased his personal fortune by £45 million ($69 million) in the past year, according to the list.
Cowell, who is a judge on both "The X Factor" and "American Idol," earned more than half of his £165 million fortune from TV work alone in the past two years.
Cheryl Cole, Cowell's fellow "X Factor" judge, saw h...
- 4/23/2010
- by Lisa Horowitz
- The Wrap
Sir Paul McCartney and Simon Cowell will be smiling through the economic slump - they've made millions in the last 12 months as the U.K. music industry shows the green shoots of recovery. Last year, the global financial crisis hit record labels hard, with rockers including McCartney and Sir Elton John losing huge chunks of their fortune.
But the industry appears to be moving out of the slump - according to Britain's Sunday Times annual rich list, some top earners have seen their income soar in the last 12 months. The Beatles legend McCartney's wealth rose to $712 million from $660 million , while the "Rocket Man" 's fortune is at $277 million, an increase of $15 million. Music mogul Cowell is now worth $247 million compared to $180 million last year.
But it was a miserable 12 months for impresario Lord Andrew Lloyd-Webber - he lost $75 million from his $1.1 billion fortune. The list is topped by Warner...
But the industry appears to be moving out of the slump - according to Britain's Sunday Times annual rich list, some top earners have seen their income soar in the last 12 months. The Beatles legend McCartney's wealth rose to $712 million from $660 million , while the "Rocket Man" 's fortune is at $277 million, an increase of $15 million. Music mogul Cowell is now worth $247 million compared to $180 million last year.
But it was a miserable 12 months for impresario Lord Andrew Lloyd-Webber - he lost $75 million from his $1.1 billion fortune. The list is topped by Warner...
- 4/23/2010
- by AceShowbiz.com
- Aceshowbiz
Spotify CEO and co-founder Daniel Ek hit the New Music Seminar in L.A. last week and all but boasted that his streaming music service which carries 7 million users in Europe will launch stateside as early as March.
But in recent days, music industry execs have sounded anything but on-board. Edgar Bronfman, the CEO of publishing behemoth Warner Music Group, told analysts in an Earnings Call yesterday that cloud music services like Spotify aren't the answer for Wmg:
"Free streaming services are clearly not net positive for the industry. And as far as Warner Music's concerned will not be licensed. So this sort of get all the music you want for free and then we maybe we can--with a few bells and whistles -- move you to a premium price strategy is not the kind of approach to business that we will be supporting in the future."
Chairman and CEO of Universal Music Group,...
But in recent days, music industry execs have sounded anything but on-board. Edgar Bronfman, the CEO of publishing behemoth Warner Music Group, told analysts in an Earnings Call yesterday that cloud music services like Spotify aren't the answer for Wmg:
"Free streaming services are clearly not net positive for the industry. And as far as Warner Music's concerned will not be licensed. So this sort of get all the music you want for free and then we maybe we can--with a few bells and whistles -- move you to a premium price strategy is not the kind of approach to business that we will be supporting in the future."
Chairman and CEO of Universal Music Group,...
- 2/11/2010
- by Austin Carr
- Fast Company
Warner Music has declared plans to stop licensing its artists' music to free streaming sites. The label, which includes acts such as Muse, Rem and Red Hot Chili Peppers, wants to keep its new releases from featuring on sites like Spotify, We7 and Last.FM. Warner's chief executive Edgar Bronfman Jr announced that the decision is a move against services the company believe are endangering the future of the music business, reports The Guardian. "Free streaming services are clearly not net positive for the industry and as far as Warner Music is concerned will not be licensed," Bronfman said. "The 'get all your music you want for free, and then maybe with a few bells and whistles we can move you to a premium price strategy', is not (more)...
- 2/11/2010
- by By Oli Simpson
- Digital Spy
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