I was listening to JackFM the other day and Annie Lennox’ song “Walking on Broken Glass” came on. My radio trigger-finger aimed itself at the dial, and since I was fortunate enough to be alone in my car at the time, I blasted the beejeezus out of it. There is this amazing mix of piano and strings in the song that pairs so well with Annie’s driving vocals that it’ll easy send a chill up your spine if you’re listening with an attentive ear. That baby has a HOOK that’ll kill!
It’s always interesting to me how so many things can happen in the world without one ever knowing about them. Case it point: Stop Big Media. Stop Big Media apparently seems to be a force to be reckoned with, or at least a force du jour, and an a subsequent pain in the butt for the FCC and a host of media enterprises like Clear Channel with regard to media ownership.
Mergers are almost always good for business, if you look at them objectively and stockholders often profit as a result of early buzz as well. Such seems to be the case this morning in New York as shares of both XM and Sirius are up to nearly double digits. MarketWatch has a more detailed story about the rise in stock price.
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Last week an article in the Financial Times covered the financial nightmare EMI is currently going through across the pond in the UK. It seems sluggish record sales in the US by big name artists like Janet Jackson and Robbie Williams have sold poorly here, forcing the company to re-issue a warning note to share holders making them aware of the losses likely to come this quarter.
Looks like the word on the streets is official, as news from XM came in later today announcing XM and Sirius have agreed to a merger. Of course, there are regulators already crying foul, but for now it’s a marraige made in heaven. Well for them at least.
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Rumors surrounding the apparent merger of XM and Sirius Radio are beginning to resurface again this week, with Peter Lauria reporting about it in today’s New York Post. It might not be long before Mel Karmazin and crew fill in the rest of us in on the proceedings apparently still taking place after a heavy weekend of table-pounding and hand-shaking. Stay tuned! What would Howard say?
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It is my mission at musicbusinesspage.com to provide anyone interested in a career in this industry, the inspiration and resources needed to achieve your goals. It ain’t easy, and you’ll face a lot of closed doors along the way. Anyone who has achieved greatness or even a modicum of success in this world faces failure and rejection. . .meeting rejection is the only sure way of knowing you’re trying! Be willing to starve, be willing to work at it, and in the end it will pay off!