February 22, 1996 |
MCA Inc. on Wednesday formally completed its $200-million partnership pact with Interscope Records and quickly illustrated how it would try to avoid the national controversy over the Westwood-based label's involvement in "gangsta" rap. Interscope kicked off its first day at MCA by capturing the No. 1 spot on the nation's pop chart with rapper Tupac Shakur's new expletive-laced "All Eyez on Me" album.
January 24, 1996 |
Defying opponents of "gangsta rap," MCA Inc. has completed a $200-million partnership deal with Interscope Records, the controversial Westwood label that Time Warner Inc. abandoned four months ago after a heated national debate over Interscope's lyrics. The agreement, under which MCA will pay Interscope founders Jimmy Iovine and Ted Field for a 50% stake in their label, with an option to acquire the remainder in three to five years, is expected to be announced within two weeks.
January 19, 1996 |
MCA Inc. entered into high-level talks Thursday to purchase a 50% stake in Interscope Records, the controversial Westwood-based label that Time Warner Inc. dumped four months ago following a national controversy over rap music lyrics. Although no contract has been signed and several elements of the deal are still to be resolved, key sources predicted that an agreement will be consummated before Monday.
January 18, 1996 |
Death Row Records to Release New Tupac Shakur CD: Rapper Tupac Shakur's new, expletive-laced "All Eyes on Me" double-CD will be released Feb. 13 by Death Row/Interscope Records, the Westwood-based record label that Time Warner Inc. dumped last year after a controversy over explicit lyrics.
December 1, 1995 |
Two months after Time Warner Inc. severed ties with Interscope Records, the controversial label is being wooed aggressively by four of the media giant's major rivals. Moreover, what may have been a smart move politically for Time Warner is now looking like a financial fiasco. Sources close to the bidding say the price to acquire a 25% stake in the Westwood label has risen to about $125 million--roughly what Interscope agreed to pay Time Warner for the half-share it is buying back.
September 29, 1995 |
It's 9:15 the morning after media giant Time Warner Inc. severed ties with controversial Interscope Records, but Jimmy Iovine, co-head of Interscope, has already gotten his second wind. The phone has been ringing since he entered his Westwood office--and he takes a few calls, including one from partner Ted Field, the film producer and heir to the Marshall Field fortune who is on the way to the airport in New York after finalizing the split from Time Warner.