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NEWS
January 12, 1996 | CHUCK PHILIPS, TIMES STAFF WRITER
Pop diva Janet Jackson is expected to sign a four-album contract today with Virgin Records worth an estimated $80 million--an unprecedented fee that analysts say could set the stage for another round of music industry mega-deals. The pact is the biggest ever awarded, surpassing the $60-million mark shared by such superstars as Michael Jackson and Madonna, whose six-album deals included film and joint-venture record label components.
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ENTERTAINMENT
September 3, 2012 | By August Brown, Los Angeles Times
The lowest moment of Richie Sambora's life was the night in 2008 when he was arrested for DUI with his then-10-year-old daughter Ava in the car. Only a year after the Bon Jovi guitarist had left rehab for alcohol and pill abuse, he was pulled over in Laguna Beach after police saw him weaving on the highway in his Hummer. They booked and released him, and the Laguna Beach police described him as "quiet and cooperative and he didn't cause any problems. " The arrest capped a brutal year of personal trials: his divorce to actress Heather Locklear was finalized, his new relationship with Denise Richards faltered and his father died of lung cancer.
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BUSINESS
October 19, 2005 | Charles Duhigg, Times Staff Writer
The chief executive of Virgin Records, Matt Serletic, resigned Tuesday, according to a statement released by Virgin's parent company, EMI Group. Sources close to the label said Serletic's departure was prompted by EMI's desire to replace him with Jason Flom, who was ousted as chief executive of Warner Music Group Corp.'s Atlantic Records in August. Sources close to EMI said a deal with Flom was in the works but had not been finalized. Serletic did not return phone calls seeking comment.
ENTERTAINMENT
July 26, 2012 | By Alex Pham
BMG Rights Management has raised its hand as a potential buyer for Parlophone Records, a boutique record label in Britain whose artists include Coldplay, Chemical Brothers and Sigur Ros, according to a music executive familiar with the discussions. BMG is the latest to express a desire to purchase any assets that Universal Music Group divests to secure the approval of European antitrust regulators for its proposed $1.9-billion acquisition of EMI. That deal would reduce the number of major record labels in the world to three from four.
BUSINESS
October 22, 2005 | Charles Duhigg
EMI Group, the nation's fourth-largest music company, announced the appointment of Jason Flom to head Virgin Records. The move was expected. Flom was ousted as head of Warner Music Group's Atlantic Records in August, after clashing with Warner's U.S. music chief, Lyor Cohen. Flom had joined Warner in 2004 as part of a group that bought the company from Time Warner Inc. Before that, Flom headed Lava Records, where he developed such acts as Twisted Sister, Tori Amos and Matchbox Twenty.
BUSINESS
November 1, 2001 | Jeff Leeds
British music conglomerate EMI Group, home to such acts as Garth Brooks and Nikka Costa, announced the appointment of veteran executive Charlie Dimont as chief operating officer of the Virgin Records America label. The move follows the ouster last month of EMI's global music chief, Ken Berry, and his former wife, Nancy Berry, the vice chairwoman of Virgin's record unit, following a series of profit warnings and financial woes inside EMI, which ranks last in U.S.
BUSINESS
February 2, 2002 | Chuck Philips
British music giant EMI Group restructured its U.S. sector Friday, ousting the heads of its stagnant Virgin Records division and announcing a plan to move the label's headquarters this year from Beverly Hills to New York. The shake-up comes barely a week after EMI dumped Virgin star Mariah Carey and signals the end of an era at Virgin--a decade dominated by Virgin honcho Nancy Berry, who was fired in November along with her former husband and boss, Ken Berry. U.S.
BUSINESS
April 14, 2004 | Jeff Leeds, Times Staff Writer
British music giant EMI Group is shaking up its Virgin Records label, tapping veteran Larry Mestel to take over as general manager, sources said. The move comes as EMI is pushing to bolster the performance of the New York-based unit, which last year ranked last in market share among the major labels. The company began taking steps this year to oust Virgin's president, Roy Lott.
BUSINESS
July 19, 2001 | CHUCK PHILIPS, TIMES STAFF WRITER
The music industry is buzzing about the sudden exit of rock act Custom from Virgin Records after a run-in with Nancy Berry, the controversial vice chairwoman of the company's worldwide record division. EMI Group-owned Virgin released the Canadian band from a long-term contract just months before the release of its debut album. The move means the label will have to forfeit the $750,000 spent to create the recording.
BUSINESS
April 3, 2001 | JEFF LEEDS, TIMES STAFF WRITER
Pop diva Mariah Carey has signed a four-album contract with Virgin Records worth an estimated $80 million, a mega-deal that ranks among the biggest ever awarded to an entertainer, said sources close to the negotiations. The New York native, who turned 31 last week, has been the target of a fierce industry bidding war since she began approaching the end of her Sony contract, which was set to expire with the release of a soundtrack album this year.
ENTERTAINMENT
May 9, 2010 | By Randy Lewis, Los Angeles Times Staff Writer
Los Angeles singer and songwriter Sam Phillips turned up recently for a small-scale show at Hollywood's Hotel CafĂ©. Playing for an intimate audience of several dozen, she was testing on a live audience new material she's been working on in her home recording studio. But for a select few regular visitors to her website, the new songs weren't so new — they'd been able to hear them weeks or months earlier as subscribers to her "Long Play" music and art project, an innovative way she's generating financial and emotional support for the creation of new music.
ENTERTAINMENT
November 10, 2009 | Ann Powers; Mikael Wood; Jeff Weiss
Robbie Williams "Reality Killed the Video Star" Virgin Records "This is a song full of metaphors," Robbie Williams sneers over some dusted-off mid-1970s guitar crunch in the party anthem "Do You Mind," which comes right in the middle of this bullishly diverse album. What song isn't? Dwelling on the obvious is an easy pop star move, but the witty Mr. Williams is usually sharper than that. Perhaps he's decided that being obvious is his only hope. The attitudinal crooner and former boy band star remains a novelty stateside, though in England he's basically Justin Timberlake minus the grace.
ENTERTAINMENT
March 26, 2008 | From the Associated Press
The Smashing Pumpkins are suing Virgin Records, saying the record label has illegally used their name and music in pro- motional deals that hurt the band's credibility with fans. In a breach-of-contract lawsuit filed in L.A. Superior Court on Monday, the rockers said they have "worked hard for over two decades to accumulate a considerable amount of goodwill in the eyes of the public" and that Virgin's use of the band in a "Pepsi Stuff" promotion with Amazon.com and Pepsi Co. threatens their reputation for "artistic integrity."
NEWS
October 26, 2006 | Nekesa Mumbi Moody, Associated Press
JERMAINE DUPRI -- superproducer, rapper, and the boyfriend of Janet Jackson -- has confirmed to the Associated Press that he has quit as a top executive at Jackson's label, Virgin Records, amid disappointing sales of Jackson's new album. "Since there are so many rumors running rampant about my position at Virgin Records, I feel that it is necessary to set the record straight," Dupri said Wednesday in a statement to AP. "I was not forced out of the company; I made a decision to leave."
OPINION
September 23, 2006
REAL ESTATE IS BOOMING, the Dow Jones industrial average is flirting with new highs and -- in case you were worrying about them -- Forbes magazine reports that all 400 of the richest Americans are now billionaires. So it's little wonder that this is a golden age for philanthropy. Charity is breaking out everywhere. This week, George Lucas gave $175 million to USC, furthering that university's push to enter the nation's top academic ranks.
ENTERTAINMENT
November 11, 2005 | Geoff Boucher
If your evening commute takes you by the Hollywood & Highland shopping hub you may want to start planning an alternate route for next Tuesday; pop star Mariah Carey, one of the hottest stars in music this year, is setting up a table at the complex's new Virgin Records Megastore to meet fans and sign copies of her hit CD. Carey's "Emancipation of Mimi" has sold 3.7 million copies in the U.S.
BUSINESS
April 4, 2001 | JEFF LEEDS, TIMES STAFF WRITER
Pop singer Mariah Carey has signed a four-album contract with Virgin Records worth an estimated $80 million, a deal representing a colossal wager on the label's international marketing machine. The Virgin deal, announced Tuesday, won out over rival offers from Arista Records and several other labels, sources said. The contract is the first such blockbuster in several years, following a series of mega-deals in the 1990s by stars such as R.E.M.
BUSINESS
May 14, 1992 | From Times Wire Services
British entrepreneur Richard Branson plans to take his Virgin Megastore to the United States next year by opening an outlet in Los Angeles, a spokesman said Wednesday. The "home entertainment superstore" will be Los Angeles' largest record store, with separate shops specializing in rock, jazz and classical music, according to spokesman Will Whitehorn. He said the store will also sell books, computer games and videos and have a restaurant.
BUSINESS
October 22, 2005 | Charles Duhigg
EMI Group, the nation's fourth-largest music company, announced the appointment of Jason Flom to head Virgin Records. The move was expected. Flom was ousted as head of Warner Music Group's Atlantic Records in August, after clashing with Warner's U.S. music chief, Lyor Cohen. Flom had joined Warner in 2004 as part of a group that bought the company from Time Warner Inc. Before that, Flom headed Lava Records, where he developed such acts as Twisted Sister, Tori Amos and Matchbox Twenty.
BUSINESS
October 19, 2005 | Charles Duhigg, Times Staff Writer
The chief executive of Virgin Records, Matt Serletic, resigned Tuesday, according to a statement released by Virgin's parent company, EMI Group. Sources close to the label said Serletic's departure was prompted by EMI's desire to replace him with Jason Flom, who was ousted as chief executive of Warner Music Group Corp.'s Atlantic Records in August. Sources close to EMI said a deal with Flom was in the works but had not been finalized. Serletic did not return phone calls seeking comment.
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