930 Forums
=> GENERAL DISCUSSION => Topic started by: sonickteam2 on October 31, 2003, 10:28:00 am
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from:
http://story.news.yahoo.com/news?tmpl=story&cid=769&ncid=768&e=1&u=/nm/20031031/music_nm/music_dreamworks_dc (http://story.news.yahoo.com/news?tmpl=story&cid=769&ncid=768&e=1&u=/nm/20031031/music_nm/music_dreamworks_dc)
DreamWorks Near Music Deal with Universal
Fri Oct 31, 3:19 AM ET Add Entertainment - Reuters to My Yahoo!
By Sue Zeidler
LOS ANGELES (Reuters) - DreamWorks SKG is near a deal to sell DreamWorks Records to Vivendi Universal SA's Universal Music Group for an estimated $100 million, according to a person familiar with the matter.
DreamWorks, formed in 1994 by Steven Spielberg (news), David Geffen and Jeffrey Katzenberg, is also contemplating the sale of its music publishing arm, the source said.
A spokeswoman for Universal Music, the world's largest music company, had no immediate comment. Officials for DreamWorks were not immediately available.
The proposed deal comes just weeks after Universal Music said it planned to shed about 1,350 people from its workforce in response to the record industry's difficult market conditions amid massive online piracy that has pushed CDs sales sharply lower.
Universal said the restructuring aimed to save $200 million a year. DreamWorks approached Universal about a sale well before the restructuring was announced, the source said.
The Dreamworks-Universal tie-up also comes as several other big music companies, under pressure to slash costs and build scale, proceed with merger discussions.
German media company Bertelsmann has said it was in talks with Sony, while Time Warner Inc. and EMI Group Plc (news - web sites) are said to be contemplating a joint venture.
Additionally, Warner's Warner Chappell music publishing arm is on the block.
DreamWorks Records, according to industry insiders, has never risen to the level first envisioned by its founders who installed veteran record industry executive Mo Ostin at the helm.
DreamWorks's roster includes artists like Toby Keith (news) and pop singer Nelly Furtado (news).
DreamWorks and Vivendi Universal have long enjoyed a working relationship. Universal Music's distribution arm has been distributing music for DreamWorks Records.
Additionally, Geffen, a music industry mogul, sold Geffen Records to Universal several years ago. And Spielberg has produced some of Universal's biggest hits over the last 30 years, including "Jaws" to "Jurassic Park."
The source said Universal plans to fold DreamWorks Records into its Interscope Geffen A&M Unit, which is overseen by Jimmy Iovine.
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why do I care what happens in Canada?
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Originally posted by pollard:
why do I care what happens in Canada?
Because they brew far superior beer to yankville so you'd better be nice to them or they might stop exporting it down and we'll have to drink the bat-piss you all brew down this way.
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hahaha. mankie is very correct.
and we'll stop letting you have our hockey players.
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Originally posted by sonickteam2:
hahaha. mankie is very correct.
and we'll stop letting you have our hockey players.
and we'll stop letting you have our everything ;)
oh and I try to avoid domestic beer (other than Yuengling), despite the fact I am from the home of Budweiser
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not only are Americans funny, Midwestern Americans, are REALLY funny. Its like Saskatchewan, only warmer.
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Originally posted by sonickteam2:
The proposed deal comes just weeks after Universal Music said it planned to shed about 1,350 people from its workforce in response to the record industry's difficult market conditions amid massive online piracy that has pushed CDs sales sharply lower.
YAWN
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Originally posted by sonickteam2:
Saskatchewan
you canadians and your funny talk, it's like Minnesota, only less people, when does the Canada quarter come out
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Originally posted by kosmo vinyl:
Originally posted by sonickteam2:
The proposed deal comes just weeks after Universal Music said it planned to shed about 1,350 people from its workforce in response to the record industry's difficult market conditions amid massive online piracy that has pushed CDs sales sharply lower.
YAWN [/b]
yeah, fire your current employees, and then buy another record label....my question is, when people see something thats wrong, why do they just sit there are take it up the ass?
My uncle worked for Universal and they canned him 2 years ago, stating, "his position was being dissolved" well, he was a sales-exec!!! go figure.
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Originally posted by pollard:
Originally posted by sonickteam2:
hahaha. mankie is very correct.
and we'll stop letting you have our hockey players.
and we'll stop letting you have our everything ;)
[/b]
Does that include herpes, aids, crack and prescription drugs at 1/10 the price you pay for them yourselves?
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Originally posted by mankie:
Does that include herpes, aids, crack and prescription drugs at 1/10 the price you pay for them yourselves?
yes, and don't forget acid rain and other forms of pollution
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Originally posted by pollard:
Originally posted by mankie:
Does that include herpes, aids, crack and prescription drugs at 1/10 the price you pay for them yourselves?
yes, and don't forget acid rain and other forms of pollution [/b]
Canada will take all of that, but you can keep that ridiculous sport YOU call "football"
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Originally posted by sonickteam2:
you can keep that ridiculous sport YOU call "football"
rather have hockey
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Some of you boys better be careful there. The way Bushy boy is going, a few of you may just be weeping on Canada's doorstep shortly.
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Originally posted by sonickteam2:
not only are Americans funny, Midwestern Americans, are REALLY funny. Its like Saskatchewan, only warmer.
Does this help explain the popularity of MST3K in the great white north?
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"The proposed deal comes just weeks after Universal Music said it planned to shed about 1,350 people from its workforce in response to the record industry's difficult market conditions amid massive online piracy that has pushed CDs sales sharply lower. "
What I love is they take no responsibility for the problem even though the core of this is (1) they gouge on the price of CDs and (2) they have been putting out crap. But hey it is the other guy's fault.
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Originally posted by Dupek Chopra:
Originally posted by sonickteam2:
not only are Americans funny, Midwestern Americans, are REALLY funny. Its like Saskatchewan, only warmer.
Does this help explain the popularity of MST3K in the great white north? [/b]
I am not sure what you mean? what does MST3K have to do with it? I hate that show. :)
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Originally posted by Dupek Chopra:
Originally posted by sonickteam2:
not only are Americans funny, Midwestern Americans, are REALLY funny. Its like Saskatchewan, only warmer.
Does this help explain the popularity of MST3K in the great white north? [/b]
ok, ok , i get it. I didnt know MST3K was form Minnesota. figures ;)
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Originally posted by Sir HC:
"The proposed deal comes just weeks after Universal Music said it planned to shed about 1,350 people from its workforce in response to the record industry's difficult market conditions amid massive online piracy that has pushed CDs sales sharply lower. "
What I love is they take no responsibility for the problem even though the core of this is (1) they gouge on the price of CDs and (2) they have been putting out crap. But hey it is the other guy's fault.
that paragrah has countless takes, and they are all bad. I mean, its like, if i broke my arm and cut my leg off to fix the problem. How did these people get to be in charge in the first place.
Lets fire sales people and then complain cause we have bad sales. hehehe, kinda funny to me.
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Yeah. That's like when I use to work for a travel wholesaler. The manager told the big idiot at the top that we needed more employees. He claimed we weren't making enough sales to justify another person. The idiot couldn't get it through his head that we were losing sales because there weren't enough people in the office to handle all the sales coming in. I know for a fact that they lost many sales because the office was understaffed so the retail agents gave up and were going elsewhere. In fact, I finally gave up and went retail and often used other wholesalers for the some of the same reasons.
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will anyone miss dreamworks? Has anyone half decent ever been signed to them? They sure are no Jade tree.
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Originally posted by markie:
will anyone miss dreamworks? Has anyone half decent ever been signed to them? They sure are no Jade tree.
That's exactly what I thought. Their films are must better than their records.
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http://www.dreamworksrec.com/flash/index.html (http://www.dreamworksrec.com/flash/index.html)
Hum, Elliot Smith(who I still know nothing about), Eeels and Sparta and a load of shite
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Originally posted by markie:
http://www.dreamworksrec.com/flash/index.html (http://www.dreamworksrec.com/flash/index.html)
Hum, Elliot Smith(who I still know nothing about), Eeels and Sparta and a load of shite
I would add Saves the Day, Rufus, and maybe Leaves to that list, but yeah, mostly trash....
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Originally posted by markie:
will anyone miss dreamworks? Has anyone half decent ever been signed to them? They sure are no Jade tree.
well, i think its more the principal of the thing. Dreamworks today, Jade Tree tomorrow, you know.