November 28, 2000 |
ArtistDirect Inc., the financially struggling Los Angeles "dot-com" music firm backed by four of the major record labels, said it will buy back more than 7.5 million shares of its common stock and unexercised options to satisfy regulatory requirements. In addition, the company's stock price closed below $1 for the 30th consecutive day Monday, triggering an automatic warning that it is in jeopardy of being delisted from Nasdaq.
February 21, 2000 |
With strong ties to the music community, support from the mainstream industry and several years of experience online, ArtistDirect Inc. seems to have all the makings of a true "new media" record label. There's the ArtistDirect talent agency and record company it manages, where unknown musicians' works are marketed and sold over the Net and in the real world.
March 29, 2000 |
ArtistDirect Inc., which received a chilly reception from investors when it debuted on the stock market Tuesday, disclosed that it violated federal securities law by issuing more shares to investors and artists than it should have. The violation, which could cost up to $27 million to remedy, would eat away a good part of the $60 million the Encino company raised with its initial public offering, according to a document filed late Monday with the Securities and Exchange Commission.
May 30, 2008 |
One of the most popular Internet-based television networks was shut down all weekend, a casualty in the entertainment industry's fight against pirated material. The outage at Revision3, which features shows such as "Diggnation" and others targeted at techies, highlighted the risks of serious collateral damage in the usually invisible but bare-knuckled technological war between copyright holders and pirates. The victimized company said Thursday that the culprit was MediaDefender Inc.
February 22, 2000 |
Another wave of relocations by media and entertainment companies is quickly filling up the remaining vacant office space in the Miracle Mile district of Los Angeles. But some of the newest arrivals share one distinct difference from the show biz firms that moved to the historic neighborhood east of Beverly Hills in the early 1990s. The difference is the Internet.
November 3, 2002 |
Chris Tucker, who co-stars with Jackie Chan in the popular "Rush Hour" movies, has put his home in a gated San Fernando Valley community on the market at just under $2.2 million. Tucker has lived in the home since 1996 and is thinking of building a home in another gated development. The home Tucker is selling has five bedrooms and seven bathrooms in slightly more than 6,300 square feet.