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ghostryder13
i wish it were the abkco albums though
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UrbanSteelWarner Music in talks to buy Rolling Stones' back catalogue from EMI
LONDON, Jan. 20, 2008 (Thomson Financial delivered by Newstex) -- Warner Music Group (NYSE:WMG) is in talks with the Rolling Stones about buying the group's back catalogue of hits, The Observer newspaper reported.
The report said such a move would deprive EMI's new private equity owner, Terra Firma, of about 3 mln stg a year. The Stones want to sever links with Terra Firma, which acquired EMI in the summer.
The report said talks with Warner are advanced, but added that the Stones are also negotiating with Vivendi (OOTC:VIVEF) SA's Universal Music Group and Sony Corp. (NYSENE)
Terra Firma said it will cut up to 2,000 jobs as part of a cost-cutting programme designed to boost returns.
r.jones@thomson.com
Copyright Thomson Financial News Limited 2007. All rights reserved.Source
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Theif in the Night
The back catalog is always going to be a big part of these types of negotiations (as it was in 1993) but,that does not mean they will never cut another studio album.
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Doxa
Of course it will not mean that the Stones are not going to do any new albums, but like it is said in the article what is the prime intestest of the record companies is their back catalog. It was an important part of negotiations in 1993, surely, but it looks to be the only substance worth of negotiation now.
- Doxa
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mofurQuote
Doxa
Of course it will not mean that the Stones are not going to do any new albums, but like it is said in the article what is the prime intestest of the record companies is their back catalog. It was an important part of negotiations in 1993, surely, but it looks to be the only substance worth of negotiation now.
- Doxa
I do not agree. We've had this discussion on this board before - but in today's market ABB did not do too badly.
If you consider their back catalog to be selling constantly at around 3 millions a year, no company will turn down the opportunity to shift another 2,5 millions in a year on a new record. Especially with the market being what it is. Nobody is selling what they used to.(Consider Britney's and JLO's last efforts)
I know they are selling less and less in the USA but at the same time the world sales are picking up. This seems to be connected to their new touring strategy, where geographically they travel more extensively than ever before so maybe the next tour will see the fruition of this work. A record sold is a record sold.
I don't think it is an accident than when discussing new plans to tour, Jagger mentions Asia.
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Doxa
But if they would have a new studio record in their mind now, I guess they would have included that in the current deal they are now trying to make. But like said, there is no any hint of that.
This guy forgets the word "UNFORTUNATELY".Quote
Peter Kafka
But the future is here. It’s about niche.
@#$%& the young ones. I haven't heard a single song made by youngsters that can even compare to Back To Zero.Quote
Peter Kafka
And the fact that the crusty oldsters are on your label won’t impress those you truly need to do business with, the young ‘uns.
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toomuchforme
remember that Jagger is already on Rhino's
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VoodooLounge13
So other than the Brussels Affair album, I am wondering if there were any other albums that were shelved that might emerge in this new deal. Does anyone know?