New Video Website to Feature Major Label Artists April 17, 2008
Posted by aeschtunes in EMI, PluggedIn, Sony BMG Music Entertainment, Universal Music Group, music.Tags: Universal Music Group, Sony BMG, EMI, PluggedIn
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A new company that is backed by the major record labels (Universal Music Group, EMI, and Sony BMG) and by investors (such as Will Smith’s Overbrook Entertainment) has launched a new video website. The site (PluggedIn.com) features 10,000 free, high-definition music videos.
PluggedIn features music videos by such artists as Gwen Stefani, Green Day, Coldplay, and Norah Jones. The site is powered by a new media player that supports full-screen high-definition video.
EMI to Cut Up to 2,000 Jobs January 15, 2008
Posted by aeschtunes in EMI, music.Tags: EMI
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EMI has confirmed that it will cut up to 2,000 jobs worldwide in its Recorded Music division. These job cuts are part of a major restructuring of the company. Other changes include more of a focus on A&R and encouraging new revenue streams from digital services and corporate sponsorships. EMI also plans to bring together sales, marketing, manufacturing, and distribution into a single division; this new division will have a unified global leadership.
It is estimated that the changes will be implemented over a six month period.
