Music Biz

Commentary on Music Industry Figures & Happenings

I, Clive

Another great mogul

In an industry replete with narcissists, megalomaniacs and crybabies, Clive Davis stands head and shoulders above the crowd. In his new autobiography, “The Soundtrack of My Life”, Clive sets new standards for transparent self-aggrandizing, at one point comparing himself to another legendary mogul — Moses.

Did Tommy Mottola Buy Credibility From The New York Times?

stacked deck

Tommy Mottola’s memoir “Hitmaker: The Man and His Music” hit the NY Times Bestseller list in it’s first week of publication at #3. How could this be? Here’s a record executive who hasn’t been with a record company in over a decade writing about a shrinking business and trying to sell his memoir to a shrinking book buying public.

Did Warner Overpay for Parlophone?

WMG owner Len Blavatnik shows off the jewelry that the Vivendi board gave him at the closing of the Parlophone deal.

Less than 2 weeks ago the Warner Music Group purchased Parlophone Records from Vivendi for $765 million in cash, however sources familiar with the Vivendi end of the deal say that the French conglomerate was prepared to take much less. According to a source “Vivendi would have been very happy with a sale price somewhere in the $500 million range. That’s what they were expecting.”

Mottola’s “Hitmaker” Misses

vanity fair

Former Sony Music Entertainment chairman Tommy Mottola released his memoir last week, “Hitmaker: The Man and His Music”, and has been making the media rounds. The once T.D. Valentine turned Tommy Mottola turned Thomas D. Mottola is now back to the good old Tommy. In these interviews, Tommy appears as an older, wiser, mellow, philosophical version of Tony Soprano.

Epic Fail

It looks as though it may be a very long spring for reality TV star and part-time Epic Records Chairman L.A. Reid. News from one of my little birdies ensconced at 550 Madison Ave. says that the numbers for Epic’s fiscal year ending March 31 won’t add up in L.A.’s favor. The label is reportedly on track to lose well north of $35 million. Whew!

What’s That Sound?

Can you hear it? If you listen very closely, you can hear a bloodcurdling scream emanating from Palm Beach, FL. It’s the sound of Bob Krasnow having a massive stroke. He had just read Sony Music’s press release announcing their new venture with Sylvia Rhone and her Vested in Culture (VIC) label.