It’s now official. The Federal Trade Commission has just approved the $2.2 billion acquisition of EMI Music Publishing by Sony and several investment funds, including United Arab Emirates-based Mubadala Development Co. The deal got conditional approval from the European Commission—pending certain divestments—in April.(HITS)
“To get the total impact of Bieber fever, you need some stats beyond the 373k debut of Believe—and we’ve got ’em for you, kids. The Canadian wunderkind’s new LP, which is the biggest bow of 2012 thus far, is Bieber’s fourth #1 debut and his biggest sales week yet. His previous five albums have sold more than 8 million in the U.S. and 15 million worldwide. Bieber has already sold 3 million tracks leading up to the new CD release, giving him an album plus TEA total of just under 700k. It all adds up to superstar-level firepower, and the kid is just getting started.” (HITS)
Capitol Records’ latest U.K. import, 19-year-old singer/songwriter Conor Maynard, gets welcomed to the label by none other than Katy Perry, who promises to introduce him to Lucian Grainge. Maynard’s first U.S. single, “Vegas Girl,” drops July 24, with a video that premieres today on VEVO. A multi-track EP, which includes the single and a cover of Drake’s “Marvin’s Room” comes out the same day. As for Perry, doesn’t she have something happening this week? Oh yeah, look for her documentary movie, Part of Me 3-D, which has its red carpet premiere tomorrow night at Grauman’s Chinese, featuring Katy performing live on Hollywood Blvd. (HITS)
Vet A&R exec Martin Kierszenbaum, who has signed many successful acts at Interscope through his Cherrytree imprint, including Feist, Far East Movement and Robyn, will be leaving the label. According to informed sources, Kierszenbaum packed up his office yesterday and left the building. While talks continued into the night, Interscope ultimately pulled the deal off the table, with sources at the label describing him as “liked and respected… We wish him well.” “K” is considered a major A&R guru and becomes one of the hottest free agents on the market. (Hits)
Bieber Has Believers: Even with mixed reviews Justin Biebers new album ‘Believe’ is set to sell 400 to 500k in the first week of its release. “If “Believe” does sell in the 400,000 to 500,000 range, that would easily secure Bieber his largest sales frame yet. His highest week thus far came when “My World 2.0″ sold 291,000 in its second week on the chart in April, 2010. “Believe” could also land the largest debut this year for an album. It would surpass the start of Madonna’s “MDNA,” which launched with 359,000 (which became this years biggest flop) according to Nielsen SoundScan. (The best sales frame overall in 2012 was registered by Adele’s “21″ in the wake of her multiple Grammy Awards wins in February. It sold 730,000 in the week after the Grammy show.)
“I’d been at Universal for 22 years when I left, and I needed a refreshing change. This place was crying out to be re-energized. And if I’m honest, I think that I needed re-energizing as well… I want to bring the heritage back to this place. Back in the day, RCA was a very broad label; it had gone from Bowie to The Monkees to Nina Simone to Eurythmics to Lou Reed. It had a real strength in depth across its roster. It’s time for us to bring that spectrum back – I?promise RCA won’t just be known as a pop label for too much longer… I loved my time at Universal—there were some great people there. Lucian [Grainge] is an incredible executive, as is David [Joseph]. [They] have this great philosophy not to take anything for granted: even if you’ve had some good news, stay calm—it’s only the start of the process. It creates an anxiety in you so that you’re constantly thinking about your decisions. Do I miss that? Not at all—because it’s still right here with me.” —RCA U.K. head Colin Barlow, who assumed his post in January, interviewed in MusicWeek (HITS)
John Janick‘s addition to Jimmy Iovine’s Interscope on Tuesday puts another strong executive in place in Iovine’s world. The move suggests that Interscope wants to expand beyond its present focus on Pop/Dance and Rap. Kudos to Iovine for closing the deal. Janick was repped in the negotiations by attorney Steve Shapiro, Warner Music wasn’t able to save this one, as it did recently with Janick’s now-former colleague Mike Caren. (Hits)
Call Me Maybe” — the ubiquitous debut U.S. single from Schoolboy Records/Interscope recording artist Carly Rae Jepsen — has hit No. 1 on the Billboard Hot 100 chart. The platinum-certified track, which Jepsen co-wrote, is also No. 1 on the Billboard Pop chart this week. Jepsen is the first female artist to top the chart with a debut single since Ke$ha’s “TiK ToK” in January 2010. “Call Me Maybe” has sold over 3.2 million singles and spent four consecutive weeks atop the Billboard Digital Songs chart. Certified quintuple-platinum in Jepsen’s native Canada (where it hit No. 1), the track is also an international sensation, climbing to No. 1 in the iTunes Singles charts in the U.K., Ireland, Australia, New Zealand, Norway and more.
A new study from accounting firm PriceWaterhouse-Coopers finds the media and entertainment industry in the U.S. grew 3.1% last year, the second straight increase, with online advertising the biggest factor. This year, U.S. media revenue will climb 5.6% to $489.9 billion on advertising for U.S. elections and the London Summer Olympics. Double-digit percentage gains in Internet spending will propel the industry as radio, television, movies, publishing and newspapers embrace digital distribution models. PWC also predicts the U.S. music market will rise to $19.8 billion in 2016, a 5.5% increase from the $15.2 billion last year, thanks to the rise in digital downloads and streaming subscription services. The report also stated this year will mark the first time digital distribution revenue will outstrip physical sales in the record biz. (HITS)
In this weekend’s battle between the aliens and the cartoon zoo animals, the real winner was the box office.
“Madagascar 3: Europe’s Most Wanted” beat “Prometheus,” with both movies enjoying openings so large that the entire box office jumped more than 30 percent from the same period last year. Paramount / DreamWorks Animation’s third “Madagascar” flick was #1 with an estimated $60.5 million debut, followed by filmmaker Ridley Scott’s sci-fi horror thriller “Prometheus,” which finished the weekend with a strong $50 million total.
The Reckless Kind play some kinda heavy Rock n’ Soul. There are shades of other eras, yes- but who gives a damn? It’s all about honesty, passion and delivery and TRK have all of that in spades. The songwriting is excellent, the players can play, and lead singer Philip Mills’ voice connects on a level that makes one feel things. Whether he sings about love, heartbreak, the modern world, or a coked up lady by the name of Sadie who has gone homicidal and now is on the lamb in Mexico- you will believe the man.