Posted by Mark J. Miller on January 30, 2013 12:07 PM
What will Hilco Consumer Capital do now that it has iconic music retailer HMV in its hands?
The company, which has previously acquired several other struggling brands like Polaroid, Borders and Linen 'n' Things, recently took over the bankrupt firm, paying off its £176m ($277.45 million) in debt to Lloyds and Royal Bank of Scotland.
The long-enduring HMV chain has 240 stores in Britain, Ireland, Singapore and Hong Kong, with about 4,000 employees in all. (In 2011, Hilco took in HMV's Canadian operations.) Its struggles come after Blockbuster, Tower Records and other once-dominant music and video retailers have declined or died off as digital delivery and online ordering continues surged.
Hilco is supported by media companies like Sony Pictures, 20th Century Fox, Universal Music and Warner Music, all of which will likely play a big part in the next step. Retail-Digital.com reports that those companies “have offered to cut the price of DVDs and CDS and are even considering offering the retailer better credit terms.” That could soon mean good deals for consumers.
search and destroy
Posted by Shirley Brady on November 16, 2011 10:05 PM
Google Music is now live to the public, with Google+ integration and a library of 8 million songs (soon to be 13 million) via the Android market. Google's cloud-based online music store, which was announced as a beta service in May, will compete for digital downloads with Apple's iTunes and Amazon's growing library of online music. It also challenges Apple's music dominance by serving the 200 million estimated Android phone users just in the U.S.
Google commented in a blog post, "Google Music is about discovering, purchasing, sharing and enjoying digital music in new, innovative and personalized ways." It's launching with music from Universal Music Group, EMI Group, Sony Music Entertainment and Merlin Network — but no deal has been reached (so far) with Warner Music Group, whose catalog represents about 20% of the world's music inventory.Continue reading...
strike up the brand
Posted by Mark J. Miller on September 8, 2011 02:14 PM
For a band that played its first gig at one of Ken Kesey’s infamous acid tests in the Bay Area in 1965 and disbanded in 1995 following the death of Jerry Garcia, getting involved with licensing and marketing can seem like kind of dealing with evil. But the Grateful Dead brand is stronger than ever, thanks to thoughtful licensing deals for on-brand products and selective lending of the band's vast catalog to films and television.
The change came about last September when Mark Pinkus, SVP of Grateful Dead Properties at Warner Music Group's Rhino Entertainment, was put in charge of merchandising and licensing Grateful Dead products, according to the Los Angeles Times. "The band wants to turn on that 18- to 25-year-old audience," Pinkus told the Times.
As a result, the “band's music has appeared in at least four movies since April, and over the last several months, the number of licensees has increased 20%, including new deals with Burton snowboards, Dregs Skateboards and Wines That Rock,” the Times notes.Continue reading...
Posted by Dale Buss on May 5, 2011 09:00 AM
Amazon expands into the romance publishing business.
Avon widens internal probe into possible bribery of foreign officials.
Bank of America triples number of mortgage-help centers.
Chevron expands oil-shale play in Pennsylvania.
Denny’s expands presence on college campuses.
Duane Reade launches Facebook contest.
Electronic Arts profit soars as business model shifts.Continue reading...
Posted by Shirley Brady on May 3, 2011 06:00 PM
Chicago Bulls guard Derrick Rose named NBA MVP.
Pac-10 signs $3 billion, 12-year deal with FOX and ESPN, the richest ever for a college conference, and plans its own TV network under looming Pac-12 name.
Pfizer weighs break-up.
Apple revamps iMac line.
BlackBerry and Microsoft team up to battle Google search.
BP to pay $85 million for 2006 Alaska oil spill.
CBS picks 60 Minutes reporter Scott Pelley as Katie Couric replacement.Continue reading...
Posted by Shirley Brady on April 22, 2011 05:30 PM
Apple signs cloud deal with Warner Music as Google reportedly in talks with music service Spotify.
Android called up by the US Army.
Kate Middleton reportedly strikes "obey" from Royal Wedding vows.
McDonald's expresses shock at employee non-action during beating of customer in Baltimore.
Muammar Gaddafi wants NY Met's Costume Institute honor.
Pabst sees more political pressure on marketing of Blast by Colt 45.Continue reading...
Posted by Dale Buss on January 21, 2011 09:00 AM
Anheuser-Busch plans to slim down Super Bowl advertising and feature Stella Artois brand.
Bank of America posts loss.
British Airways name replaced on London Stock Exchange with IAG ticker with Iberia merger.
GE CEO Jeff Immelt will lead President Obama’s council on jobs and competitiveness, replacing Paul Volcker. Meanwhile, GE’s earnings jump, indicating “momentum.”
Google co-founder Larry Page re-takes the reins, indicating an effort to restore the company’s start-up spark.
Guinness becomes first official bear of Six Nations rugby tournament.Continue reading...
Posted by Dale Buss on November 15, 2010 09:10 AM
Airstream peddles premium RVs in a recession.
AOL unveils beta version of new email hub. as Facebook rolls out email service.
Apple brings mobile iAds to Europe this week.
Arcelor expresses interest in buying Massey.
BHP Billiton withdraws its takeover bid for Potash in the wake of Canadian-government opposition.
Caterpillar to buy Bucyrus in $8.6 billion deal.
Daily Beast's Tina Brown begins transforming Newsweek, including plans to fold (update: incorporate) its website.Continue reading...