When Warner Music announced that Junior Bronfman was getting kicked upstairs and being replaced as CEO by sexagenarian Stephen Cooper, a turnaround specialist and long-time Blavatnik associate, could mark the beginning of the end for Junior as well as the entry of yet another non-music industry guy in a top position. The reports have...
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The game is on. Citi has started preparing the final papers for the auctioning of EMI. The bidding floor is expected to be $2.5 billion, according to a report last week in The Wrap by Johnnie L. Roberts, with at least half a dozen buyers readying offers. Of course Len Blavatnik’s name is the...
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Oh the shark has pretty teeth dear, And he shows them pearly white Just a jack-knife has Macheath dear And he keeps it out of sight. Kurt Weill and Bertolt Brecht could easily have written this classic song about Citi Music CEO Roger Faxon instead of Macheath, the sinister, murderous anti-hero of Threepenny Opera....
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By now your grandmother knows how Guy Hands has squandered EMI Music, decreasing its value dramatically through mismanagement and sheer hubris, leaving a long trail of dead bodies and ruined careers in his wake. The Guardian reported over the weekend that Hands would not be able to meet the company’s debt covenant this coming...
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The recent verdict in the Citi/Terra Firma lawsuit has been analyzed more than the federal budget in the media recently. Reporters I’ve spoken with who were present during the entire trial say that there was a black cloud hanging over the courtroom during Guy Hands’ testimony. He acquitted himself so poorly that a jury...
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The Music Void
