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BUSINESS
March 11, 1991 | From United Press International
Motown Sued Over Royalties: Singers Jean Terrell, who replaced Diana Ross in the Supremes, and Mary Wells sued Motown Record Corp. and its general partners, Motown Management Corp. and MCA Record Ventures Inc., for more than $1 million in disputed royalties. The singers contend that Motown breached their contracts and engaged in unfair business practices by failing to pay royalties for their recordings and use of their names and for failing to disclose how royalty payments are calculated.
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BUSINESS
August 4, 1993 | JAMES BATES, TIMES STAFF WRITER
Polygram confirmed Tuesday that it is buying Motown Record Corp. in a $325-million deal that is expected to transform the black music icon into a global entertainment company involved in music, films and new interactive technologies. Polygram, controlled by the Dutch electronics giant Philips, will pay $301 million in cash and assume $24 million in current liabilities from Motown's majority owner, Boston Ventures.
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BUSINESS
August 4, 1993 | JAMES BATES, TIMES STAFF WRITER
Polygram confirmed Tuesday that it is buying Motown Record Corp. in a $325-million deal that is expected to transform the black music icon into a global entertainment company involved in music, films and new interactive technologies. Polygram, controlled by the Dutch electronics giant Philips, will pay $301 million in cash and assume $24 million in current liabilities from Motown's majority owner, Boston Ventures.
BUSINESS
May 29, 1991 | ALAN CITRON, TIMES STAFF WRITER
The dispute between Motown Record Co. and its distributor, MCA Records, intensified Tuesday as MCA countersued Motown and its majority owner for breach of contract and malicious conduct. MCA said it is owed millions of dollars by Boston Ventures Management Inc., which owns 70% of Motown. Boston Ventures is also accused of interfering with MCA's management of the small label and with "preventing Motown from realizing profitable business opportunities."
BUSINESS
May 29, 1991 | ALAN CITRON, TIMES STAFF WRITER
The dispute between Motown Record Co. and its distributor, MCA Records, intensified Tuesday as MCA countersued Motown and its majority owner for breach of contract and malicious conduct. MCA said it is owed millions of dollars by Boston Ventures Management Inc., which owns 70% of Motown. Boston Ventures is also accused of interfering with MCA's management of the small label and with "preventing Motown from realizing profitable business opportunities."
BUSINESS
May 10, 1985
Geoffrey W. Holmes, a vice president for Warner Communications, said neither Warner "nor any other authorized representatives" has contacted Motown Record Corp. or its president, Jay Lasker, "regarding the possible sale of WCI's recorded-music division." Lasker said earlier this week that he was approached about such a sale by a party that he declined to identify. When asked about Lasker's statement Wednesday, Warner's Holmes declined to comment. Lasker was unavailable for further comment.
NEWS
May 28, 1987
Jamesette Hays Jr., a two-time City Council candidate who is executive director of the Greater Compton YMCA, has been arrested with another man on suspicion of forging $27,000 in checks that were stolen from Motown Record Corp. Hays, 30, and George Farmer Jr., 50, are to be arraigned Friday in Compton Municipal Court, Deputy Dist. Atty. Reva Goetz said.
NEWS
October 25, 1990
Jamesette (James) Hays Jr., director of the Compton YMCA, was arraigned on forgery charges Tuesday in Compton Municipal Court. A hearing was set for Nov. 5 to determine if he will be bound over to Superior Court for trial. Hays entered a plea of not guilty. According to Deputy Dist. Atty. Pamela Frohreich, Hays is charged with forging the name of a contractor on a $7,164 city check that was to help pay for renovations at the Y's new facility on Long Beach Boulevard.
BUSINESS
May 9, 1985 | KATHRYN HARRIS, Times Staff Writer
Jay Lasker, president and chief operating officer of Motown Record Corp., said Wednesday that his company has been approached to determine if it is interested in buying the recorded-music division of Warner Communications. "I've been approached . . . within the last week," Lasker said in response to a reporter's question, adding: "We are interested in buying . . . the whole record division."
BUSINESS
March 11, 1991 | From United Press International
Motown Sued Over Royalties: Singers Jean Terrell, who replaced Diana Ross in the Supremes, and Mary Wells sued Motown Record Corp. and its general partners, Motown Management Corp. and MCA Record Ventures Inc., for more than $1 million in disputed royalties. The singers contend that Motown breached their contracts and engaged in unfair business practices by failing to pay royalties for their recordings and use of their names and for failing to disclose how royalty payments are calculated.
NEWS
October 4, 1990 | MICHELE FUETSCH, TIMES STAFF WRITER
Law enforcement agencies and city auditors are investigating spending at the Compton YMCA after the director's arrest on charges that he wrote a check without sufficient funds to cover it. Jamesette (James) Hays Jr. is to be arraigned Oct. 23 on charges that he tried to pay a contractor for remodeling work on the Y's new facility with a check that bounced.
BUSINESS
March 8, 2014 | By Dawn C. Chmielewski
Lucian Grainge has a vision for the future of the music business that bears scant resemblance to the traditional record company playbook. He is putting songs on smartphones in Africa, reviving moribund American record labels and making Lorde into a Grammy-winning global sensation. Above all, he wants to forge new partnerships with his industry's erstwhile adversaries - the technology firms that have upended the way people get their music. Skeptics question whether anyone can reverse the decline of an industry that has seen global sales plummet from $28 billion in 1999 to $16.5 billion in 2012.
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