Quantcast
Connect with us

Universal says artists owed ‘transparency’ over devastating fire

Published

on

The world’s largest music group Universal owes artists “transparency” over revelations that a 2008 fire devoured some 500,000 recordings in its care, its chief said in an internal memo.

Universal Music Group CEO and chairman Lucian Grainge released the note to staff Tuesday following a bombshell New York Times magazine investigation that found the blaze tore through a warehouse housing irreplaceable master recordings spanning decades.

The work of stars including Billie Holiday, Louis Armstrong, Bing Crosby, Ella Fitzgerald, Sonny and Cher, Joni Mitchell, Eric Clapton, Elton John, Janet Jackson, Nirvana and Tupac was reportedly engulfed in the flames.

“Let me be clear: we owe our artists transparency,” Grainge — who took up his post three years after the fire — said in the memo published by industry tracker Music Business Worldwide.

“We owe them answers. I will ensure that the senior management of this company, starting with me, owns this,” Grainge said.

ADVERTISEMENT

News of the loss of such a treasure trove of master recordings — one-of-a-kind source material used to create vinyls, CDs and digital copies — sent shockwaves through the industry, while accusations that UMG downplayed the incident for 11 years sparked an angry backlash.

Howard King, a prominent entertainment lawyer based in Los Angeles, is preparing lawsuits on behalf of a number of artists and could file as early as next week, his office told AFP.

Some artists or their estates negotiate ownership of masters, but even those who don’t expect labels to preserve them for future use; master recordings are the raw material for lucrative reissues and posthumous releases.

ADVERTISEMENT

Grainge said reports on the fire had “prompted speculation, and having our artists and songwriters not knowing whether the speculation is accurate is completely unacceptable.”

“Part of ‘owning this’ is redoubling our efforts to be a leader in preserving the rich cultural legacy upon which our industry is based,” he said.

A subsidiary of French media giant Vivendi headquartered in Santa Monica, California, Universal Music Group is considered one of the “Big Three” music conglomerates alongside Sony Music Entertainment and Warner Music Group.

ADVERTISEMENT

UMG’s market share is nearly double that of its closest rival Sony, however, thanks to contemporary big hitters like Ariana Grande and Drake, and an impressive collection of back catalogs including Frank Sinatra’s and Queen’s.


Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Jeffrey Epstein’s IT consultant reveals he saw girls who ‘couldn’t have more than 15 or 16’ on private island

Published

on

ABC News broke a story just after midnight Thursday about a former IT consultant of Jeffrey Epstein's who resigned because he couldn't take some of the things he was seeing on Epstein's private island compound.

The island, which has been called "pedophile island" by locals, had "topless women everywhere.

"There were photos of topless women everywhere," said contractor Steve Scully, who began working for Epstein in 1999 and continued for six years. "On his desk, in his office, in his bedroom."

Continue Reading

Facebook

Stephen Colbert mocks Eric Trump in a way that must be seen to be believed

Published

on

Stephen Colbert mocked Eric Trump so badly it has to be seen to be believed.

The moment came after Colbert played a clip of the young Trump child saying that 95 percent of the United States supports him, the camera cut to Colbert doing his Eric impression.

"I've got big gums, and I cannot lie," Colbert said.

"Yeah, 95, guys, I'm tellin' ya," Colbert said, pretending to be Eric with his lips curled up.

Continue Reading
 

CNN

Black Pennsylvania Trump voter wonders if he’s still welcome in the GOP

Published

on

Tuesday, CNN released interviews with Texas Trump supporters who defended his racist attacks on four Congresswomen of color. Wednesday night, Van Jones showed his panel of supporters of both President Donald Trump and former President Barack Obama. But things got tense when a Black Trump supporter was asked about the president's racially charged statements.

Two men, one white one Black, in the group said they supported Trump and probably would again because business was good. Two women in the group lamented that Trump's racism was hurtful for the country.

"I just go back to values," the older women said. "I value treating people with dignity. And if there is anything that is incongruent with those values, then I'm not for that. So I'm not going to put profit over my values."

Continue Reading
 
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

Enjoy Summer! Try Raw Story Ad-Free for $1. Invest in Progressive Journalism.
close-image