EMI Music has appointed one of the first wave of internet industry plus music visionaries, PeopleSound.com founder Ernesto Schmitt as president of its catalogue business, reporting to Elio Leoni-Sceti, EMI Music’s chief executive. He will join EMI next month.
Schmitt, 38, joins EMI from DSG International, Europe’s second largest consumer electronics retailer which operates the Dixons, Currys and PC World stores.
There’s a new fan-promoted band shares concept type of thing in the frame, Bandstocks, a brainchild of the gang behind B-Unique Records (Kaiser Chiefs, et al.) and Civilian Industries (run by music industry lawyer Andrew Lewis).
The service – which must be seen as something akin to SellaBand and SliceThePie – lets fans invest in new acts to help them record albums. However, unlike the other two sites, the bands are pre-selected by a team of experts – which, given the involvement of a succesful label – makes one consider if its really just a way to make fans pay first for the label to issue music releases, though that notion feels very cynical. Continue reading →