January 15, 2007

• The Times Online offers a guestimate of EMI's upcoming restructuring. "About 900 of the group’s 6,600 staff are expected to lose their jobs as EMI seeks to save £110m in overheads." (Read article at Times Online)

• EMI's Eric Nicoli calls "a million miles away from the mark" a report of a planned management buyout of EMI's publishing division. (Read article at Forbes.com)

• Digital Music Group, Inc. has acquired the rights to distribute about 200 hours of video content. The company does not expect "meaningful" revenue from the videos, which include episodes of "Hoppalong Cassidy," the "Master of Poker" series and "The Mr. Bill Show." (Read press release)

• Sugar Hill Records is leaving Durham, North Carolina and will relocate to Nashville, where it will operate with another Welk Music Group-owned label, Vanguard. As a result of the cost-cutting move, most of the label's nine employees will be laid off. (Read article at The News & Observer)

• Koch signed deals to distribute Bodog Music, Syntax Records, Indianola Records and upstart Latchkey Records. (Read article at Billboard.biz)

• Robert Hillburn interviews Clive Davis for the Los Angeles Times. "The mistake people make about 'American Idol' is that they think the show itself is enough to make anyone a bestseller, so there is no creativity involved. But the show's exposure is only worth about 350,000 to 500,000 record sales for an artist. To go beyond that, you have to have hit songs to get on the radio." (Read article at Los Angeles Times)

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Posted by Glenn at 7:30 AM | | | Digital Distribution | EMI | Sony BMG