WMG Releases Fiscal Year-End Report

Warner Music Group Corp. today (Dec. 11) announced its full-year financial results for the period ended Sept. 30, 2014.
Total revenue increased 5.2 percent to $3.02 billion. Total digital revenue grew 10.9 percent to $1.2 billion and represented 39.5 percent of total revenue.
Net loss was $303 million.
Recorded music revenue grew 5.6 percent to $2.5 billion, due to income from Parlophone Label Group, which WMG purchased last year. Digital revenue from recorded music grew 10.4 percent to $1.1 billion.
Music publishing revenue rose 3 percent to $517 million.
wmg 2014 balance sheet

Industry Ink: Marcus & Colvin, Reviver Records, Tri Star Hosts Food Drive

Farrah Usmani

Farrah Usmani


Marcus & Colvin, LLP, has added Farrah A. Usmani, Esq., as a senior associate to its entertainment industry practice. Usmani spent several years in business affairs at CAA, and earned her J.D. from the University of Houston Law Center in 2012.
Attorneys Kent Marcus and Jeff Colvin formed the firm in 2011, providing an entertainment law firm offering focused business affairs and legal counsel for artists and companies in the music industry.  Usmani can be reached [email protected] or at 615-341-0755.

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samantha landrum11Reviver Records has added singer-songwriter Samantha Landrum to its roster. Her upcoming single, “I’ll Still Need Your Shoulder,” is slated to release in 2015. The Laurel, Miss., native began performing by joining her family’s business, The Landrum Homestead & Village, a recreation of a late 1800s settlement.

Landrum’s latest release for Reviver is the Christmas single, “Light A Candle.”

“Samantha brings a unique talent to our brand,” says Reviver Records President and CEO David Ross. “The entire team is excited about bringing her music to the forefront of the music industry and to lead the Samantha Landrum charge at radio. We truly think that Samantha has the talent, drive and determination to become one of the industry’s most respected female vocalists. We can’t wait to be part of that story.”

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Tri star LogoTri Star Sports & Entertainment Group (11 Music Circle South) is facilitating donations to Second Harvest Food Bank by providing donation boxes to Music Row area business. This will make it easy for employees and visitors to those businesses to make donations of canned food items. Tri Star will then pick up the boxes and goods on or around Dec. 23. Companies who would like to receive a box should email [email protected] for more information. In addition, Tri Star has a donation box at their office where individuals can drop off food. The most-needed items this season include: peanut butter, canned meat (chicken or tuna), canned vegetables, canned fruit, pasta, and cereal.

Jordan Rager Signs Deal with Ole, Blue Chrome Key Publishing

Pictured, seat (L-R): Jordan Rager and Producer Jeremy Stover. (Standing, L-R): Peter Hartung, Co-Manager of Jordan Rager, and John Ozier, ole General Manager of Creative Nashville. Not pictured: Barry Williams, Co-Manager of Jordan Rager.

Pictured, seat (L-R): Jordan Rager and producer Jeremy Stover. (Standing, L-R): Peter Hartung, co-manager of Jordan Rager, and John Ozier, ole General Manager of Creative Nashville. Not pictured: Barry Williams, co-manager of Jordan Rager.

ole and Blue Chrome Key Publishing have inked a deal that gives ole worldwide administration rights to singer/songwriter Jordan Rager.

After appearing on The Voice at the age of 17, he has toured with Justin Moore and played shows with Kip Moore, Casey James, Love & Theft, Gretchen Wilson, Bo Bice, and David Allen Coe. Rager recently signed a record deal with Broken Bow Records and is currently recording his debut album with producer Jeremy Stover, a fellow ole songwriter.

“Jordan is only 20 years old, but he’s already accomplished more than many musicians do in an entire lifetime,” said John Ozier, General Manager of Creative at ole. “From his upcoming album with Jeremy, to his touring success, to his original appearance on The Voice, Jordan’s certainly off to a great start. We’re happy he chose to work with us at ole and are excited to help him reach new heights with his music.”
“I’ve been lucky enough to get some truly amazing opportunities in my career, and working with ole – Blue Chrome Key is yet another big step forward for me musically,” said Rager. “I’ve had a blast working with their staff, especially Jeremy, and we’ve only just gotten started. I’m excited for the road ahead.”

Nine North Promotes Jeff Davis To VP Role

Jeff Davis

Jeff Davis


Nine North/Turnpike Music has promoted Jeff Davis to the role of VP, Promotion & Marketing, effective immediately.
Davis’ industry career has included radio gigs in Gainesville, Charlotte, Tallahassee, Daytona Beach, and Jacksonville, before he switched over to radio promotion. Nine North Records/Turnpike Music/Edgehill Music was launched by Larry Pareigis in 2007 as Nashville’s first virtual label. The company has worked with Tracy Lawrence, Ashley Monroe, Joey+Rory, Court Yard Hounds, and others.
“I’m honored to be chosen to step up,” says Davis. “Larry and Kevin have built an amazing team, and their vision and passion inspires me on a daily basis! I look forward to all that we have on the horizon in 2015 and beyond!”

“Jeff has worked hard for this title and deserves it,” adds Larry Pareigis, President, Nine North/Turnpike Music/Edgehill Music Nashville. “He delivers a blast of youth, vigor and passion that brings true excitement to this team and the partners that work with us.”
Davis can be reached at [email protected].

iHeartMedia Announces Sale Of Radio Towers For $400 Million

iheartmedia1featured
iHeartMedia, Inc., (previously known as Clear Channel), announced today the sale of a select portfolio of its tower assets to Vertical Bridge for up to $400 million. The transaction is subject to due diligence and other customary closing conditions.
The transaction is expected to close in the first quarter of 2015 and the company will subsequently enter into a lease with respect to the sold tower assets so its broadcast operations will continue without interruption.
“This is a great example of how we continue to optimize our balance sheet and maximize liquidity — and how we continually review our entire portfolio of assets to ensure we operate them in the most efficient way possible and invest our resources in the highest return opportunities,” said Richard J. Bressler, President and Chief Financial Officer of iHeartMedia, Inc.
The buyer, Vertical Bridge Holdings, is a privately-owned real estate investment trust focused on the ownership of wireless communication towers in the U.S.

Tom Moran Named To VP Role at I.R.S. Nashville

Tom Moran

Tom Moran


Tom Moran has been named Vice President of Promotion for I.R.S. Nashville Records, announced label President John Grady.
“I am so proud to announce the addition of Tom to our I.R.S. team,” Grady said. “I have always felt that he is the best face-to-face promotion man I have ever met. We will try to make some more musical history together.”
Most recently, Moran was Senior Vice President of Promotion and Marketing for Nine North Records. His career has included stints as Vice President of Promotion for Show Dog Records and Epic Records, as well as promotion positions with Columbia Nashville, Warner Bros. Nashville, Equity Records and Polydor Nashville, following successful stints in the pop music world with Arista and Geffen Records.
Throughout his career, Moran has worked with artists including Aerosmith, Aretha Franklin, Faith Hill, Randy Travis, Whitney Houston, Toby Keith, Guns N’ Roses, Gretchen Wilson and Travis Tritt. Moran, who began his career in the charts department at Billboard, worked with Grady at Sony Music Nashville.
“There isn’t a better music executive in Nashville than John Grady,” Moran said. “Factor in the iconic I.R.S. brand and a solid parent like Capitol LA and I couldn’t be more excited!”
I.R.S. was launched in 1979 by Miles Copeland III, Jay Boberg and Carl Grasso. The label was shuttered in 1996 and revived in 2011 as a joint venture between EMI Music North American and Crush Management.
Caroline, the independent services division of Capitol Music Group, created I.R.S. Nashville in 2013. I.R.S. Nashville’s first artist signing is duo Striking Matches whose upcoming debut album will be released first quarter 2015.

Joe Nichols Signs with WME

Joe Nichols

Joe Nichols


Red Bow recording artist Joe Nichols has signed with WME, MusicRow has confirmed. Nichols is managed by Triple 8 Management.
He recently celebrated the success of “Yeah,” the single which follows his No. 1 hit “Sunny and 75” and is his second consecutive No. 1 hit from his critically acclaimed album Crickets.
His new single “Hard To Be Cool” is now climbing the charts at country radio.
 

Carrie Underwood Launches Fitness Lifestyle Brand With NYC Press Event

Carrie Underwood with emcee Alicia Quarles and DICK's Sporting Goods designer Alycia Scott at press event in New York City for the unveiling of CALIA by Carrie Underwood

Carrie Underwood with emcee Alicia Quarles and DICK’s Sporting Goods designer Alycia Scott at press event in New York City for the unveiling of CALIA by Carrie Underwood


Carrie Underwood unveiled CALIA by Carrie Underwood, a fitness lifestyle apparel brand, during a press conference in New York City. The clothing line will be sold exclusively at DICK’S Sporting Goods stores nationwide and online beginning March 2015.
CALIA by Carrie Underwood is designed for today’s woman who embrace an active lifestyle and demands more versatility from her wardrobe. The fitness line features high-quality garments built to support the female body in motion, incorporating functional details and performance-driven fabrics.
“It has been such a rewarding experience working with DICK’S Sporting Goods on all aspects of the design process for CALIA, from choosing fabrics to making sure the look, feel and fit is right for active women,” said Underwood. “The inspiration for this line came from my desire to have clothes that seamlessly take me from workouts, to errands, to rehearsals and beyond. As someone who is passionate about health and fitness, I’m excited to offer women a wardrobe that will move with them and encourage them to stay the path of leading an active lifestyle.”
“We are proud to be working with Carrie on this exciting new line,” said Lauren Hobart, Senior Vice President & Chief Marketing Officer, DICK’S Sporting Goods. “From the very beginning of our partnership, we aligned with Carrie around a vision to provide fitness apparel and accessories that are as versatile as they are functional. The result is a collection that will truly fit the incredibly busy lives of active women.”
Carrie Underwood with DICK's Sporting Goods designer Alycia Scott

Carrie Underwood with DICK’s Sporting Goods designer Alycia Scott

'Forbes' Ranks World's Highest-Paid Musicians

Toby-KeithfeaturedForbes’ list of “The World’s 30 Highest-Paid Musicians of 2014” includes four country music kings. The rankings are based on gross earnings from June 2013 to June 2014.
Toby Keith claimed the No. 10 spot, and the highest among his country peers, by raking in $65 million.
Kenny Chesney brought in $44 million, swimming in to the No. 22 spot.
Jason Aldean is No. 24 on the list with $37 million in earnings.
Luke Bryan earned $34 million and landed at No. 28.
Kingpin Dr. Dre was miles away from his runners-up, securing the No. 1 spot with $620 million, due Apple’s $3 billion purchase of Beats. According to the magazine, this is largest single-year haul of any musician, ever.
Former Nashvillians Taylor Swift and Miley Cyrus scored spots on the list. Swift’s $64 million put her at No. 11, and Cyrus’ $36 million scooted her to No. 26.
Methodology: In forming this year’s list, Forbes considered income from touring, recorded music, publishing, merchandise sales, endorsements and other ventures. Management, agent and attorney fees were not deducted. Earnings were calculated from June 2013 to June 2014 and based on data from Pollstar, the RIAA and Nielsen SoundScan, and on interviews with managers, lawyers, executives and some of the artists themselves.

Former Canadian Mechanical Society Employees Steal $1M

CMRRACMRRA, Toronto, Canada-based mechanical society has reported the former Vice President of Finance and Administration and former Executive Assistant employees undermined the electronic banking facility to steal approximately $1 million from the collective. The recently discovered incidents were said to take place until October 2013.
President, Caroline Rioux and Chair, Board of Directors, Gary Furniss issued a statement December 10, in a letter on the society’s website. An insurance policy has helped recover the full amount and revised processes are now said to be in place with the institution. Legal action will be ongoing.
Founded in 1975, the Canadian Musical Reproduction Rights Agency Ltd. is a music licensing collective responsible for distributing mechanical and broadcast royalties to publishers from licensees certified by the Copyright Board of Canada.