Tag Archives: business

Apple Promotes April 20 Financial Call


Here’s the latest media alert from Apple.

“Media Alert
FY 10 Second Quarter Results Conference Call

WHAT: Apple® FY 10 Second Quarter Results Conference Call
WHERE: Via conference call. The dial-in number for press is: (888) 857-6932 (US toll-free) or +1 (719) 457-2634
WHEN: Tuesday, April 20, 2010, 2:00 p.m. PDT/5:00 p.m. EDT/10:00 p.m. BST Continue reading

UPDATED: Apple board member Jerry York in ‘serious condition’ following collapse

Apple board member Jerry York has died after collapsing with a brain aneurysm last night. York is hospitalised in Pontiac, Michigan. Apple’s statements on his loss are available here.

Known as a key aide to billionaire investor Kirk Kekorian York is also former CFO of IBM and Chrysler, York was also formerly CEO of Micro Warehouse. He joined Apple’s board in 1997.

Jerry is a very dear friend and a trusted business associate and our thoughts and prayers are with him and his family,” Kerkorian said in a statement given to Reuters. Continue reading

EMI plans US distribution sell-off, report

Distributors of physical music are suffering in the current climate, with news yesterday that Pinnacle has gone into administration followed by new revelations that major label EMI is looking to exit physical distribution of its products altogether.

Seems the major is speaking with other major labels in the US with a view to letting go of its warehouses and distribution network there for a sum of up to $30 million. Instead of handling physical product in an ailing market, EMI will have its music ferried about the United States by a competitor.

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Nine Inch Nails plot iPhone game play

Nine Inch Nails continue to explore the digital frontier, reaching a deal this week with Tapulous, the people behind iPhone game Tap Tap Revenge, which will see a Nine Inch Nails premium version of the game appear some time next month.

TechCrunch has the skinny on the story, claiming the application will include a NIN-centric theme, as well as over a dozen of the band’s songs from its last two albums. The partnership is among the first to bring licensed content to an iPhone application, and will likely prompt a wave of similar deals.

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Warner’s Scott Francis takes presidency

Warner/Chappell Music Chairman and CEO David H. Johnson announced today the appointment of Scott Francis to the newly created position of President, Warner/Chappell Music, and Chairman and CEO, Warner/Chappell Music U.S.

Edgar Bronfman, Jr., Chairman and CEO of Warner Music Group, said, “In looking for a head of Warner/Chappell’s U.S. operations, we wanted an executive who not only has a deep understanding of songwriters and music publishing, but one who also has a vision of how to position a music publishing company to seize the opportunities presented by the industry’s rapid digital transformation.”
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Sony BMG Q1 sales fall…

Sony BMG Music Entertainment lost $49 million on sales in its first fiscal quarter, the company confirmed yesterday. This contrasts with the same period last year, when the company had a new income of $21 million.

The company’s three best sellers this year have been Usher’s Here I Stand, Leona Lewis’ Spirit and Neil Diamond’s Home Before Dark.
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