Tag Archive for Doug Morris

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.

She’s Baaack!

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Reports that ex-UMG/Motown chief Sylvia Rhone will be going to Sony Music in January with a joint venture label, however sources say that’s not quite true. One thing’s for sure though–while she’s at Sony she won’t ride in a Lincoln Town car. Bentley or bust!

Warner, Sony Picking Up The Pieces

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Lucian Grainge and Universal Music’s surprise acquisition of EMI Music big-footed the competition. Now Warner Music, desperate to stay alive after posting huge losses, is in talks with Sony for a distribution deal. The once prestigious super hip label is now an embarrassing shadow of its former self, the caretakers having sullied a legacy of artistic integrity.