Jane's record label was sold.

[JOEinPHX]

http://www.bbc.co.uk/news/business-15697973

UK music firm EMI has said it will sell its recorded music unit for £1.2bn ($1.9bn) to Universal Music. Reports have suggested that the other half of EMI's business - the lucrative music publishing unit - will go to a Sony-led consortium for more than $2bn. EMI, with a history dating back to 1897, is home to artists including Coldplay, the Beatles and Pink Floyd.

Citigroup seized ownership of EMI in February after previous owner Terra Firma failed a solvency test.

"I particularly welcome the fact that EMI will once again be owned by people who really do have music in their blood," said Rolling Stones singer Sir Mick Jagger.

The manager of Coldplay also welcomed Universal.

"They have assembled the most talented group of executives in the industry today and their success speaks for itself," Dave Holmes said.

Universal Music is a unit of Vivendi, the French media company.

Troubled history

EMI's labels include Blue Note, Capitol, Parlophone and Virgin Records.

Labels included under the Universal umbrella are Def Jam, Motown, Decca, Island Records, Interscope Records and Polydor Records.

"For me, as an Englishman, EMI was the pre-eminent music company that I grew up with," said Universal Music chairman and chief executive Lucian Grainge. "Its artists and their music provided the soundtrack to my teenage years."

He added: "Universal Music Group is committed to both preserving EMI's cultural heritage and artistic diversity and also investing in its artists and people to grow the company's assets for the future."

In June, EMI said it would launch a strategic review into the future of the business, which it said could result in a sale, share flotation, or a restructuring of its finances.

Private equity firm Terra Firma, led by Guy Hands, bought EMI for £4.2bn in 2007 just before the credit crunch sent the global financial markets into turmoil.

It subsequently admitted that it had overpaid for EMI, and struggled to meet payments on the £2.6bn it had borrowed from Citigroup to fund the deal.

Last year, Terra Firma took Citigroup to court in the US, accusing the bank of tricking it into paying an inflated price for EMI. It lost the case, with a jury ruling in favour of Citigroup.

Capitol was part of EMI. and Isn't Virgin who Perry is currently with?

I wonder if this will mean any changes for the band.

[Pandemonium]

Capitol was part of EMI. and Isn't Virgin who Perry is currently with?

I wonder if this will mean any changes for the band.

I heard about this today on the news but didn't put it together that EMI owned Capitol. It's a crapshoot as to whether this will affect promotion positively or negatively for the band or not but experience is not in Jane's favor. Usually in this sort of scenario, the new owner(s) will look over what recent albums are selling and what aren't and pull promotion/tour support money away from what they consider to be money pit releases. Universal taking over EMI/Capitol, etc is a good thing for successful bands on the label as Universal is a much stronger major in the industry with more money and clout to better promote product. But if Janes has a single album deal, I don't think this bodes well for their future with Universal considering the album is sinking fast in sales and they supposedly won't be doing any further significant touring until early next Spring which doesn't help matters.

[S&M]

Janes made a fine album....don't think it will matter tho....The only way for them to cash in baby is tour yer ass off....as long as Perry takes a night off between gig'z he'll be fine.....I sing...so I know what it means to over sing one night and have a gig the next day...his style kinda makes it rough on him...he won't ever be able to fix that"...it'z his style...if he doesn't belt people will be pissed....I love his voice..think maybe some professional help might help...but in the end he's damned for clean style.....I think he need'z to bring back a lil of his old school effects....pitch be damned...ball'z out....He really is more on key these dayz...and I've seen old janes in a small club when they were jest getting going....so I see where Perry thinks he's more on...but energy matters...That Mexico show used in gift has the effect I'm talking about...ball'z out

[lollapaloser]

Rolling Stones singer Sir Mick Jagger

That fuckin' bugs me. I know it shouldn't, but Exile and Sticky Fingers and nobility? Granted there was alot of awful shit in between. I guess you could look at it as infiltrating the British honour system with a Chicken Dancing cokehead. HST probably liked that.

[CaseyContrarian]

All correct.

Capitol was part of EMI. and Isn't Virgin who Perry is currently with?

I wonder if this will mean any changes for the band.

I heard about this today on the news but didn't put it together that EMI owned Capitol. It's a crapshoot as to whether this will affect promotion positively or negatively for the band or not but experience is not in Jane's favor. Usually in this sort of scenario, the new owner(s) will look over what recent albums are selling and what aren't and pull promotion/tour support money away from what they consider to be money pit releases. Universal taking over EMI/Capitol, etc is a good thing for successful bands on the label as Universal is a much stronger major in the industry with more money and clout to better promote product. But if Janes has a single album deal, I don't think this bodes well for their future with Universal considering the album is sinking fast in sales and they supposedly won't be doing any further significant touring until early next Spring which doesn't help matters.

[Jasper]

All correct.

Capitol was part of EMI. and Isn't Virgin who Perry is currently with?

I wonder if this will mean any changes for the band.

I heard about this today on the news but didn't put it together that EMI owned Capitol. It's a crapshoot as to whether this will affect promotion positively or negatively for the band or not but experience is not in Jane's favor. Usually in this sort of scenario, the new owner(s) will look over what recent albums are selling and what aren't and pull promotion/tour support money away from what they consider to be money pit releases. Universal taking over EMI/Capitol, etc is a good thing for successful bands on the label as Universal is a much stronger major in the industry with more money and clout to better promote product. But if Janes has a single album deal, I don't think this bodes well for their future with Universal considering the album is sinking fast in sales and they supposedly won't be doing any further significant touring until early next Spring which doesn't help matters.

Alright, goddammit, it's time for you to start typing your responses UNDER the quoted material, in chronological order, like a normal, non-time-traveling person.


There, I said it.

[CaseyContrarian]

All correct.

Capitol was part of EMI. and Isn't Virgin who Perry is currently with?

I wonder if this will mean any changes for the band.

I heard about this today on the news but didn't put it together that EMI owned Capitol. It's a crapshoot as to whether this will affect promotion positively or negatively for the band or not but experience is not in Jane's favor. Usually in this sort of scenario, the new owner(s) will look over what recent albums are selling and what aren't and pull promotion/tour support money away from what they consider to be money pit releases. Universal taking over EMI/Capitol, etc is a good thing for successful bands on the label as Universal is a much stronger major in the industry with more money and clout to better promote product. But if Janes has a single album deal, I don't think this bodes well for their future with Universal considering the album is sinking fast in sales and they supposedly won't be doing any further significant touring until early next Spring which doesn't help matters.

Alright, goddammit, it's time for you to start typing your responses UNDER the quoted material, in chronological order, like a normal, non-time-traveling person.


There, I said it.

IS THAT BETTER?

[CaseyContrarian]

All correct.

Capitol was part of EMI. and Isn't Virgin who Perry is currently with?

I wonder if this will mean any changes for the band.

I heard about this today on the news but didn't put it together that EMI owned Capitol. It's a crapshoot as to whether this will affect promotion positively or negatively for the band or not but experience is not in Jane's favor. Usually in this sort of scenario, the new owner(s) will look over what recent albums are selling and what aren't and pull promotion/tour support money away from what they consider to be money pit releases. Universal taking over EMI/Capitol, etc is a good thing for successful bands on the label as Universal is a much stronger major in the industry with more money and clout to better promote product. But if Janes has a single album deal, I don't think this bodes well for their future with Universal considering the album is sinking fast in sales and they supposedly won't be doing any further significant touring until early next Spring which doesn't help matters.

Alright, goddammit, it's time for you to start typing your responses UNDER the quoted material, in chronological order, like a normal, non-time-traveling person.


There, I said it.

IS THAT BETTER?

But traveling time is what allows me to return to an era when JA were the best band in the world.

[Larry B.]

All correct.

Capitol was part of EMI. and Isn't Virgin who Perry is currently with?

I wonder if this will mean any changes for the band.

I heard about this today on the news but didn't put it together that EMI owned Capitol. It's a crapshoot as to whether this will affect promotion positively or negatively for the band or not but experience is not in Jane's favor. Usually in this sort of scenario, the new owner(s) will look over what recent albums are selling and what aren't and pull promotion/tour support money away from what they consider to be money pit releases. Universal taking over EMI/Capitol, etc is a good thing for successful bands on the label as Universal is a much stronger major in the industry with more money and clout to better promote product. But if Janes has a single album deal, I don't think this bodes well for their future with Universal considering the album is sinking fast in sales and they supposedly won't be doing any further significant touring until early next Spring which doesn't help matters.

Alright, goddammit, it's time for you to start typing your responses UNDER the quoted material, in chronological order, like a normal, non-time-traveling person.


There, I said it.

thank you!

Although, I have to say that it's a lot less annoying than when people reply WITHIN the quoted material, as in:

Rolling Stones singer Sir Mick Jagger

That fuckin' bugs me. I know it shouldn't, but Exile and Sticky Fingers and nobility?

HEY I LIKE THEM LOLOL I LIKE'EM BIG
Granted there was alot of awful shit in between. I guess you could look at it as infiltrating the British honour system with a Chicken Dancing cokehead. HST probably liked that. :lol : LOL THAT WUZ FUNNEH

Paints and Bman are good exponents of said practice.

[Juana]

Being that I have ties and family connections in UMG I can say that it can be good and bad but probably bad for Jane's. That being said it depends on their contract and what they had worked out with Capitol first as UMG did get the debt or whatever and then EMI is supposed to pay out the other shit, but then the other half of it the publishing I believe was bought out by Sony.

[kv]

Alright, goddammit, it's time for you to start typing your responses UNDER the quoted material, in chronological order, like a normal, non-time-traveling person.


There, I said it.

IS THAT BETTER?

was biting my tongue on that ..knowing full good and well jasper would be on it before long

[CaseyContrarian]

Being that I have ties and family connections in UMG I can say that it can be good and bad but probably bad for Jane's. That being said it depends on their contract and what they had worked out with Capitol first as UMG did get the debt or whatever and then EMI is supposed to pay out the other shit, but then the other half of it the publishing I believe was bought out by Sony.

That's right. Although I'm not sure if JA's composition copyrights were with EMI anyway.

[Juana]

I think it might end up being good but with Perry's ideals you don't know he seems to like the major label huge funding thing in theory. I would prefer they take a more Fugazi approach and do more DIY and basically do what we have said here before and just write songs, fuck just write 1 every month and make it a project of "a year in the life" it could be real cool if they just made songs for the sake of making them not to put them on an album.

[CaseyContrarian]

I think it might end up being good but with Perry's ideals you don't know he seems to like the major label huge funding thing in theory. I would prefer they take a more Fugazi approach and do more DIY and basically do what we have said here before and just write songs, fuck just write 1 every month and make it a project of "a year in the life" it could be real cool if they just made songs for the sake of making them not to put them on an album.

There are a million business models Jane's could try outside the old cartel. They are perfectly sized in terms of fanbase to exploit the new direct-to-fan reality. If they were remotely innovative, anyway.

[Juana]

Yeah and they would be more profitable in that model and probably could do some of the things they talk about. No way in hell will UMG fund a lot of what Perry wants to do on tour and things like that.

[a headless shell]

I think it might end up being good but with Perry's ideals you don't know he seems to like the major label huge funding thing in theory. I would prefer they take a more Fugazi approach and do more DIY and basically do what we have said here before and just write songs, fuck just write 1 every month and make it a project of "a year in the life" it could be real cool if they just made songs for the sake of making them not to put them on an album.

There are a million business models Jane's could try outside the old cartel. They are perfectly sized in terms of fanbase to exploit the new direct-to-fan reality. If they were remotely innovative, anyway.

Perry was into flash mobs and satellite parties. That's pretty innovative.

[JOEinPHX]

I think it might end up being good but with Perry's ideals you don't know he seems to like the major label huge funding thing in theory. I would prefer they take a more Fugazi approach and do more DIY and basically do what we have said here before and just write songs, fuck just write 1 every month and make it a project of "a year in the life" it could be real cool if they just made songs for the sake of making them not to put them on an album.

There are a million business models Jane's could try outside the old cartel. They are perfectly sized in terms of fanbase to exploit the new direct-to-fan reality. If they were remotely innovative, anyway.

Perry was into flash mobs and satellite parties. That's pretty innovative.

[NYRexall]

Personally, I hope they do get booted off the label, especially if TGEA isn't selling more than 250,000 worldwide.

Maybe this will tell Perry something and if they decide to make another record, they'll stop caring about record sales and radio songs and bring back som eof the free-flowing magic they were once known for

[Matz]

so you're saying they withheld the magic for this one? No, the magic has left the building by itself and now they're 'just' four very competent rock musicians

[trevor ayer]

if TGEA was a movie it would go strait to video .. its like friday the 13th part 27 for them .. slap the name on and put something out

[Pandemonium]

Personally, I hope they do get booted off the label, especially if TGEA isn't selling more than 250,000 worldwide.

Maybe this will tell Perry something and if they decide to make another record, they'll stop caring about record sales and radio songs and bring back som eof the free-flowing magic they were once known for

The "magic," at last as I think you're defining it left the band at the beginning of the decade and arguably when they first broke up at the end of '91. They're not going to purposely make shitty albums but I think it's outside especially Perry's grasp to make anything that's even a fraction of the greatness of Janes 1.0. They might continue to come up with interesting bits here and there as seen on both Strays and TGEA and I genuinely think they *want* to do art to the best of their abilities but you know, sometimes the muse just leaves the artist and never returns and the artist has to work with what he has left in the toolbox.

[a headless shell]

Personally, I hope they do get booted off the label, especially if TGEA isn't selling more than 250,000 worldwide.

Maybe this will tell Perry something and if they decide to make another record, they'll stop caring about record sales and radio songs and bring back som eof the free-flowing magic they were once known for

The "magic," at last as I think you're defining it left the band at the beginning of the decade and arguably when they first broke up at the end of '91. They're not going to purposely make shitty albums but I think it's outside especially Perry's grasp to make anything that's even a fraction of the greatness of Janes 1.0. They might continue to come up with interesting bits here and there as seen on both Strays and TGEA and I genuinely think they *want* to do art to the best of their abilities but you know, sometimes the muse just leaves the artist and never returns and the artist has to work with what he has left in the toolbox.

What's that old interview where Perry says, "I'm like a ghost, I haven't created anything for months..." Inspiration can be fleeting. I think the life lesson of Jane's Addiction's career is to tap into the fire within you while you have it, because it won't last forever.

[Pandemonium]

What's that old interview where Perry says, "I'm like a ghost, I haven't created anything for months..." Inspiration can be fleeting. I think the life lesson of Jane's Addiction's career is to tap into the fire within you while you have it, because it won't last forever.

Yeah, I can think of a laundry list of bands that pissed away years of what was likely their best periods of creativity mostly to to inter-personal problems.

[Juana]

Basically also maybe if not then they can work on other projects the one clear thing about this album was that Dave was really into it and being creative.

[a headless shell]

What's that old interview where Perry says, "I'm like a ghost, I haven't created anything for months..." Inspiration can be fleeting. I think the life lesson of Jane's Addiction's career is to tap into the fire within you while you have it, because it won't last forever.

Yeah, I can think of a laundry list of bands that pissed away years of what was likely their best periods of creativity mostly to to inter-personal problems.

I read that line from "The Price I Pay" as a statement of regret for Jane's missed opportunities: "I could have it but I walked away / Now I won’t miss out, not even one day!" And then they walked away again.