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MONDAY 6 FEBRUARY 2017 | COMPLETEMUSICUPDATE.COM | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
TODAY'S TOP STORY: Following the collapse of HMV Canada last month, HMV UK is back under the spotlight because - even though the Canadian operation is very much a separate business - it is owned by the same parent company and high street entertainment retail remains challenging pretty much everywhere. Hence there was lots of chatter when Property Week reported on Thursday that HMV was planning on leaving behind London's Oxford Street... [READ MORE] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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RECRUIT YOUR TEAM RIGHT HERE: 020 7099 9060 or ads@unlimitedmedia.co.uk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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HMV in talks to depart Oxford Street, say sources The property industry title said that it "understood" that the owner of the building occupied by HMV on London's most famous shopping thoroughfare was now negotiating a "lease surrender" through estate agents Savills, which would see the entertainment retailer depart the store and allow landlords Glory Step Investments to find a new tenant. Although just one shop, HMV's base at 363 Oxford Street is notable because it was the famous music seller's first ever store when it opened as The Gramophone Company in 1921. The retail firm actually departed those premises in 2000 in order to expand its Oxford Street presence with a bigger unit down the road. But after the collapse of HMV plc, new owners Hilco moved the chain's Oxford Street base back to 363, cleverly spinning what was a downsize of its central London operation as a admirable return to the retailer's roots. Nevertheless, HMV has had a flagship store on Oxford Street throughout its existence, with the exception of a two-year relocation to Bond Street in the 1930s as a result of a fire. Therefore, while a departure from Oxford Street might not mean much in commercial terms in 2017, it would still be symbolic of something. For its part, Hilco told Music Week that there was "no agreement in place" for HMV to leave Oxford Street, though that doesn't necessarily mean those "lease surrender" negotiations aren't ongoing. The spokesperson said: "While we don't usually comment on individual stores, there is no agreement in place to close the Oxford Street store. The HMV portfolio is constantly evolving in order to ensure it best suits the strategy of the business and there are at least two new store openings taking place this year, with more likely to follow". It is definitely true that since Hilco bought HMV out of administration in 2013 with a streamlined network of stores, it has been reshuffling its property portfolio on a pretty regular basis. This has involved both closing and opening stores, and often moving HMV operations from expensive high street units to more cost efficient locations - Hilco having never made any secret of its bid to keep HMV's overheads down as much as possible. Of course, while all that reshuffling has usually been reported in the local press, it rarely gets much attention from the London media and the London-centric music industry, which is another reason why a departure from Oxford Street has more symbolism - a lot more people in the record industry will notice. It remains to be seen if HMV does indeed depart 363 Oxford Street once again and, if so, whether it sets up shop somewhere cheaper in central London. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Major labels sue mixtape sharing app The major labels' attorney James Lamberth writes in the record industry's legal complaint that: "Through the Spinrilla website and apps, users with an artist account can upload content that any other user can then download or stream on demand for free, an unlimited number of times. A substantial amount of content uploaded to the Spinrilla website and apps consists of popular sound recordings whose copyrights are owned by plaintiffs". While the record industry has a long history of generally turning a blind eye to rising urban talent putting out unlicensed promotional mixtapes featuring tracks and samples from more famous artists - partly because those more famous acts often got started by putting out similar unlicensed mixes - the labels are presumably annoyed at Spinrilla building its own business around such unlicensed mixing. The fact that an albeit nominally priced premium version is available likely added to the labels' wrath, as did the fact the Spinrilla app has appeared in a number of recommended music service lists of late, alongside licensed platforms like Spotify. Plus, of course, with sites like MixCloud and the now licensed SoundCloud, there are legitimate places for bedroom producers to post their unofficial mixes in 2017, and start-ups like Dubset are trying to get such mixes licensed and onto Spotify and Apple Music. In a statement published by The Hollywood Reporter, the RIAA said of its legal assault on the mixtape app: "Spinrilla specialises in ripping off music creators by offering thousands of unlicensed sound recordings for free. Fans today have access to millions upon millions of songs from innovative platforms and services that pay creators - this kind of illicit activity has no place in today's music marketplace". Presumably Spinrilla - which has a whole page on its website about how to submit takedown notices to it in accordance with the US Digital Millennium Copyright Act - will plead safe harbour in response to the lawsuit. Whether it can afford to test that defence in the courts remains to be seen. -------------------------------------------------- Frank Ocean sued for $14 million by his father In the wake of the attack on Orlando's Pulse nightclub last year, Ocean wrote a post on Tumblr, in which he said: "I was six years old when I heard my dad call our transgender waitress a faggot as he dragged me out a neighbourhood diner saying we wouldn't be served because she was dirty. That was the last afternoon I saw my father and the first time I heard that word, I think, although it wouldn't shock me if it wasn't". Cooksey denies that this incident ever took place, accusing his son of staging a "publicity stunt in the wake of the Orlando attack ... [and] us[ing] his father as an instrument for personal connection in order to sell records". In a statement to Rolling Stone, Cooksey said: "I have never discriminated against anyone transgender or heterosexual or homosexual. The events that [the] defendant describes on 21 Jun 2016, that I called a transgender waitress FAGGOT, NEVER HAPPENED ... The defendant is a scam artist, a fraud and a hypocrite who deceive[d] the LGBT community on 21 Jun 2016 for the financial success of [Ocean's album] 'Blonde'". Back in 2014, Cooksey attempted to sue Russell Simmons for defamation, then demanding $142 million, after the Def Jam co-founder referred to him as a "deadbeat dad" in an interview. That case was thrown out before reaching court. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ticketmaster launches new music division Marcus was most recently Chief Commercial Officer at ticketing start-up ScoreBig, following roles at Warner Music and the Entertainment & Intellectual Property Group. Prior to all that, back in 2005, he worked for Ticketmaster setting up the artist services division he will now be in charge of. "I couldn't be more excited to rejoin Ticketmaster", says Marcus. "I've spent my entire career developing products and businesses that connect fans more closely with the artists they love, and I'm passionate about the opportunity to continue that work here. We're going to redefine the ticket buying experience in a way that makes it more rewarding to be a fan, helps artists build bigger and more dynamic touring careers, and ensures that our client venues and promoters have cutting edge tools and technology to generate outsized returns on their live events". Ticketmaster North America president Jared Smith adds: "This new division will better position Ticketmaster to leverage our unique assets against the specific needs of the music ecosystem. We're building a team here that can help an artist and the first set of clubs they play in, and grow with them all the way to theaters, arenas and stadiums. We believe David's successful history of working with artists, fans, and technology gives him the ability to guide our investments to ensure we provide the most comprehensive solutions for all the various players in the live music lifecycle". And it's all about the live music lifecycle and its various players these days, isn't it? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spotify reportedly delaying IPO to 2018 The apparent reasoning for the decision is that in twelve months time the streaming service will be better able to demonstrate that it is on the path to profitability. According to TechCrunch, this includes renegotiating terms with the record labels, talks for which are ongoing and progressing rather slowly, and also introducing a new variable pricing model based on limiting the number of times a track can be played. It's hoped that an additional lower subscription rate would open up Spotify premium to a bigger potential consumer base. The IPO had been expected this year because of the terms on some debt financing the streaming service took out last year. It raised $1 billion in the form of a loan, rather than new equity investment. Those who put up that money were already in line for a 20% discount if they converted that credit to stock upon IPO, and the discount is set to rise 2.5% every six months without an IPO after the first year. It was indicated at that time that Spotify might be willing to let the discount run up to 25% - meaning a early 2018 IPO was always a possibility. However, TechCrunch's sources reckon that Spotify will now seek to renegotiate the terms of that financing - though possibly just the hefty interest on the loan, which also rises the longer the IPO is put off. On the decision to delay, one source said: "Three to five years ago, you could have an IPO based solely on user growth and promises of the future. But the financial climate has changed now. Today you have to show some path to profitability, especially at the valuation that Spotify has been targeting. That may have caught up with the company a bit". Spotify's last valuation in 2015 came in at over $8.5 billion. TechCrunch sources say that some at the streaming service are now hoping for something between $11 billion and £13 billion. However, estimates suggest that once the IPO becomes a reality that will drop to a lower, though still pretty ridiculous, level. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dave Berry quits Capital breakfast for Absolute show Says boss man at Capital FM owner Global, Ashley Tabor, about Berry's departure: "Dave has been an absolutely fantastic host on Capital breakfast. After five years of getting up at 4am, he's decided the time is right [to depart]. We thank him for his service at the top of commercial radio and we wish him all the best for the future". Berry bigged up his current but soon to be ex employer by saying: "Ten years ago I got my first job in radio on Capital. I've had an amazing time - it really is the best job in the world waking up my fellow Londoners. I'll miss our lovely listeners and everyone here at Capital a huge amount. I'm leaving to pursue some of my other passions and it's safe to say I'll be walking away with some incredible memories!" About his soon to be employer in the radio domain, Berry said: "Absolute Radio is a great fit for me. I'm a lover of all things music and comedy and I am really looking forward to getting to work on building a brand new show". Paul Sylvester over at Bauer-owned Absolute added: "It's great that we can finally talk about Dave joining Absolute Radio. He'll fit into the station and our presenter line-up perfectly because he shares the same values and passions as our audience". Every single one of them? Really? Well, well done Berry on finding a station where every single listener shares your values and passions. Not like those terrible Capital FM listeners. No values or passions at all, that lot. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Lady Gaga performs at the Super Bowl, announces world tour Watch it here, it's quite good. Of course, no major televised performance would be complete without some sort of PR announcement. And Gaga did not disappoint, using her twelve minutes on stage at American football's big bash to promote new world tour dates. Some of those dates are in the UK, so I will list them for you now: 9 Oct: London, O2 Arena | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stormzy announces debut album "This is the moment that I have been waiting for my whole life", says the rapper. "I am now ready to certify my position as a credible artist and someone who is here for the long run". | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Suzanne Ciani, James Blunt, Naomi Pilgrim, more Other notable announcements and developments today... Â A new documentary about electronic music pioneer Suzanne Ciani, 'A Life In Waves', is to be premiere at this year's SXSW. Here's the trailer. Â James Blunt has released the video for 'Love Me Better'. You're welcome. Â Naomi Pilgrim has released a rework of The Specials' 'Racist Friend', featuring Sa-roc and Yugen Blakrok. Â Cosima has released a new track, 'To Build A House'. She'll be supporting Ray BLK at her upcoming London shows this month and next. Â The always brilliant Death Team have released new single 'Work'. "Hi we made a song about working", confirm the duo. Â Dear Reader has released new single 'Then, Not Now'. New album 'Day Fever' is out on 24 Feb. Â Ghost Culture will release new EP 'Nucleus' on 24 Feb. From it, this is 'Coma'. Â Giggs has announced UK tours for April, which will finish up at the Hammersmith Apollo on 21 Apr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ed Sheeran speaks out against secondary ticketing This is nothing new, of course, but by the end of last year the resale market for tickets had come in for increasingly negative attention, including in the UK parliament, and around the world. And with fans increasingly speaking out against the practice, artists are under more pressure to denounce it too. Which is difficult for those artists who are complicit in it. Not-at-all-complicit Ed Sheeran reckons touting is well shit, though. A rep for the musician told the Press Association last week: "We are vehemently opposed to the unethical practices that occur in the secondary market. We have written to each of our partners, be they promoters, venues or ticketing companies, detailing the way in which we expect tickets to be sold: direct to fans". It might be a bit late for that, but whatever. The spokesperson added that Team Sheeran are working with Twickets to help fans who missed out to buy resold tickets at face value. Though with so many tickets bought up by the industrial touts, who aren't likely to place tickets on sale at face value, the problem remains. Still, Sheeran fans are being warned not to use sites where higher prices are being charged. The rep went on: "We are aware and deeply concerned about the websites in question and have urged all fans not to engage with them in order to avoid being ripped off with higher prices or, potentially, counterfeit tickets. Once again, we urge all fans to only purchase tickets through official vendors". Of course, when some of the secondary ticketing platforms are owned and operated by 'official vendors', it's not quite as clear cut as that. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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