As you have probably noticed, I have taken up residence in your department as “the Intern”. It’s so very nice to meet you all!
Let’s get some quick facts about me out of the way:
1) I’m a student at Cal-State Northridge studying Marketing/Finance
2) I hail from Atlantic City, New Jersey (same-ish place as Adam!) so come talk to me about gambling.
3) My background in music includes my experience as a singer-songwriter/musician, as well as my last internship at Music Sales Corporation, an international music publishing company.
4) My favorite movie is “Fight Club” and I can do a great Mickey Mouse impression. Not really relevant, but important nonetheless.
1. Warner/Chappell gets a new CEO.
Warner/Chappell who has songwriters such as Jay Z, Beyoncé, Vance Joy, and Echosmith will promote Jon Platt to CEO. Platt, an executive who spent 17 years at EMI Music Publishing before his role as North American President, received SESAC’s Visionary Award in May. With declining revenues, Warner/Chappell’s decision to promote Platt, who attracted many high profile writers (the ones mentioned above), is part of a plan to attract even more top-notch writers and solidify Warner/Chappell’s place as “the best home for songwriters”.
3. Owner of WMG pisses off the FTC and gets away with it… again.
Len Blavatnik, owner of Access Industries, Warner Music Group’s parent company recently was slapped with a fine by the FTC for failing to report the acquisition of a message app startup, TangoMe. This comes after a similar “forgetful mistake” in 2011 when he did the exact same thing with a chemical company, LyondellBasell. Last time the FTC let him off with a warning, but this time he wan’t so lucky. Interestingly, for this kind of offense, the law allows for a daily penalty of $16,000 and since he acquired the company in Aug. 6 2014 he really should owe somewhere around just over $6.3 million. But alas, the blunder will only cost him $656,000 (the FTC settled, duh). We wouldn’t want a man with an estimated net worth $18.6 billion to be treated too harshly, now would we?
3. Return of the Fresh Prince
For all those who remember the early days of rapper-turned-actor Will Smith, he plans to grace us with funky fresh rhymes once again.
The Fresh Prince is developing a new album, stating that he has already 30 songs recorded. According to Smith, he’s also panning on a potential world tour with longtime collaborator DJ Jazzy Jeff. Excitement aside, I’m interested to see how his style will have changed over the past 30 years. His music was definitely specific to the time and I’m not sure how it would fare in today’s music scene. But, I definitely expect some funk.