Bruno Mars has filed papers ar the LA County Superior Court in a move to to end his music publishing contract with Bug Music. TMZ reports that Mars believes that he has fulfilled his commitments under his contract with the up-for-sale independent publisher, and that it failed to take up an option to renew in the renewal period previously agreed. Mars now says he is currently without any commitments to any music publisher. TMZ reports that Bug seems not agree and maintains that he is still under contact to the company.
http://www.tmz.com/2011/08/30/bruno-mars-lawsuit-singer-music-bug-music-inc-publishing-rights-lawsuit-bughouse/?adid=recentlyupdatedstories
CTS closes in on See, EMI up for grabs
Music Week reports that CTS Eventim is seemingly the favourite to buy the UK's See Tickets from current owners, Dutch investment firm Parcom Capital. See Tickets originally span out of Andrew Lloyd Webber's Really Useful company, and sells tickets to West End shows as well as a plethora of music and sporting events, including the Glastonbury Festival. an according to Dow Jones, the next round of bidding for EMI is expected to take place next week and owner Citigroup has invited a number of parties to submit second bids after the Labour Day Weekend in the US, initial bids having been made at the start of last month. It is thought that existing music companies Warner Music, Universal Music and BMG are all still in the running. Whilst Citigroup wanted just ‘one’ sale (as does current CEO Roger Faxon), it's thought that bids for both EMI in its entirety and the major's constituent parts are both being considered
US festival accused of unregistered investment sales
The organisers of an Orange County weekend music festival in Irvine may have run foul of state law with an unusual financing scheme by attempting to sign up investors using “boiler-room” style phone calls. Billed as a “new music experience in Orange County”, the two-day Playgound Festival is planned to feature hip-hop and rock acts at Hidden Valley, a grassy area adjacent to Verizon Amphitheater. Rapper the Game and rock bands the Bravery and Panic! are currently billed as headliners according to Orange County Register, However, it seems that sales teams from promoters Elevated Sound Productions having been cold calling local residents offering exceptional returns from investments in the Festival. Steve Blasko, an ESP managing partner, denied that the company made unsolicited calls to investors. He told the Orange County Register that the company only contacted people who had previously expressed interest through the company’s website. If anyone got an unsolicited call to invest, Blasko said, it was because “wires were crossed somewhere.” Investigations by the Register say that one salesman compared the newly established Playground Festival with long-established Coachella Festival and the Electric Daisy Carnival in Las Vegas and that another pressuried an undercover reporter to make an immediate investment.
http://www.ocregister.com/news/calls-314780-music-invest.html
http://www.ocregister.com/news/calls-314780-music-invest.html
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