Category: Financial/Legal

Swift Leads Country Money Makers

Taylor Swift netted more money than any other country entertainer last year, according to Billboard’s Money Makers 2011 issue (Feb. 19). The recently released list is based on net earnings derived from U.S. touring, music sales, and music and video streams. 21-year-old Swift saw her bank account swell by about $20.7 million, and ranked No. […]

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Category: Artist, Featured, Financial/Legal, Touring

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SoundExchange Names Huppe President

SoundExchange’s Board of Directors announced today that longtime Executive Vice President and General Counsel Michael Huppe will be the nonprofit’s new President. Huppe succeeds former head John Simson, who announced his intention in July to return to creative work, ending his ten-year stewardship of the non-profit he had led since its inception. In recent years, […]

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Category: Featured, Financial/Legal, Organizations, Publishing

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Today’s Famous Facts

Republic Nashville loses Bartholomew • Voorhis opens bookkeeping firm • CMHoF hosts Norro Wilson and free admission • MCTI Songwriter Show

Category: Featured, Financial/Legal, Organizations

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Citigroup Acquires EMI

EMI Group has been taken over by Citigroup, the bank who financed Terra Firma’s 2007 purchase of the music company for £4 billion. The bank seized 100% of the share capital and reduced EMI’s debt by 65% from £3.4 billion to £1.2 billion. Following this development, EMI has more than £300 million cash available. Last […]

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Firm Renamed Crownover, Blevins

Attorney Derek Crownover has added partner Allen Blevins and renamed the firm Crownover, Blevins. Crownover’s previous partner Joel Tisinger has relocated to his hometown Carrollton, Georgia and taken an in-house legal position at a healthcare technology company. Blevins and Crownover have been friends since law school. Blevins is a Knoxville native, where he previously managed […]

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EMI—The Hands Saga Continues

Financial analysts believe that there is a strong likelihood that Hands/EMI will be unable to produce the $200 million necessary to satisfy the company’s agreements with Cititgroup at the end of March 2011. If that shortfall does indeed occur, then the music business would default to Citigroup. And here is where the plot gets thicker…

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Category: Featured, Financial/Legal, Label

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Nielsen IPO A Success

Nielsen Holdings (NLSN) concluded a successful IPO today with gains of over 9% as the company surged to $25.00 during trading hours on the New York Stock Exchange. The company which measures consumer behavior, and also gathers the SoundScan bar code information from music sales, originally offered to sell 71.4 million shares at $23 for […]

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FBMM Promotes Julie Boos, Trey Dunaway

Nashville-based business management firm Flood, Bumstead, McCready & McCarthy (FBMM) has announced that Julie Boos, business manager, Nashville; and Trey Dunaway, chief compliance officer and vice president of tax and royalties; have become vice presidents and owner/shareholders of the firm. Dunaway and Boos join founding owners Chuck Flood, Frank Bumstead and Mary Ann McCready, as […]

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Facebook Worth $50 Billion

Facebook has raised $500 million from Goldman Sachs and Russian investor Digital Sky Technologies in a deal which values the social networking company at $50 billion. According to this latest figure, Facebook is worth more than eBay, Yahoo and Time Warner. With rumors circulating about a 2012 public offering for Facebook, Goldman Sachs is expected […]

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Category: Featured, Financial/Legal, Sales/Marketing

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Zumwalt Firm Embraces New Model

Entertainment law firm Zumwalt, Almon & Hayes, founded in 1975, is joining with Shackelford, Melton & McKinley creating the only law firm with offices in Nashville, Dallas and Austin. Beginning Jan. 1 the new group in Nashville will be named Shackelford, Zumwalt & Hayes. The newly combined firm brings together over 45 lawyers with experience […]

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Terra Firma Could Default on EMI Loan

News sites including London’s Sunday Times, are buzzing today (12/13) with reports that EMI Music Group may soon end up in the hands of Citigroup. The bank funded a more than $4 billion loan for Guy Hands’ private equity firm Terra Firma to purchase the record company in 2007. Sources told the New York Post […]

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