Music Industry Secrets Legal Corner Wrapup
7:53 AM
Secrets of the Music Industry
, Posted in
Access Industries
,
Jersey Shore
,
Judy McGrath
,
Lil Wayne
,
MTV
,
Nickelodeon
,
Philippe Dauman
,
Viacom
,
0 Comments
Image via WikipediaRecently, in an article by Glenn Peoples for Billboard.biz he discussed the Warner Music Group buyout. The interesting key to his article was the understanding that it will be seemingly more difficult to figure out the financial solvency and track record for WMG moving forward. Similarly, crime bosses are notorious for laundering money through convoluted levels of money management. Subsequently, given the new ownership’s diversified money holdings, shareholders should be asking a lot of questions now or forever hold your peace. The wedding vows of steadfast shareholders (for better or for worse) will ring resoundingly in their minds for many years to come if something legally is not done in quick reaction to the outcry for more financial transparency. The problem is based on the fact that Access Industries is a privately held company. Many others and I believe that in a buyout of a company as financially tumultuous as WMG has been, the “private” part of any buyout partner should be stripped clean.
Article Link #1: http://www.billboard.biz/bbbiz/industry/record-labels/sale-of-warner-music-group-means-less-financial-1005173872.story
Image via CrunchBaseGeorge Szalai wrote for Billboard.biz May 9, 2011 on the raise in average salaries for CEO’s of major companies and one in particular, CEO Philippe Dauman of Viacom. Philippe Dauman will be paid $84.3M as number one on the top 10 highest paid CEO’s. The interest I have in this number is the fact that a memom was handed out a few years ago stating the entertainment industry was on its knees. Although, I can state that Viacom in a bad economic downturn is doing relatively well in terms of financial strength through diversified holdings. Therefore, Viacom justifies its payout as a reward for holding the company afloat by Mr. Dauman at a time when they needed it most.
Article Link #2: http://www.billboard.biz/bbbiz/industry/legal-and-management/viacom-s-philippe-dauman-tops-wall-street-1005175032.story
Image via WikipediaRounding off our legal article’s today has one from Erika Ramirez for Billboard.biz on May 17, 2011. Sadly, Nikki Minaj has left P. Diddy’s management group for that of “Hip Hop Since 1978” under the watchful eye of Kyambo Joshua. It should be noted that Young Money running mates Drake and Lil Wayne are already manage by Hip Hop Since 1978, so, this isn’t some shocking move by any means. This is a legally solidifying move for Young Money because now contractual obligation and negotiation can be done and managed to in a better unified fashion.
Article Link #3: http://www.billboard.biz/bbbiz/genre/randb-hip-hop/nicki-minaj-parts-ways-with-diddy-now-under-1005187642.story
0 Response to "Music Industry Secrets Legal Corner Wrapup"
Post a Comment