THURSDAY 27 SEPTEMBER 2018 | COMPLETEMUSICUPDATE.COM | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TODAY'S TOP STORY: The loan company that recently filed legal papers confirming its intent to force the Bestival Group into administration yesterday said that it had now made an offer to buy the festival firm, a move that it says will assure Camp Bestival 2019 can go ahead... [READ MORE] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bestival's money-lender is trying to buy the company The Bestival company itself confirmed last weekend that it had had "some financial challenges" of late. This followed media reports that money lender the Richmond Group - which seemingly loaned the festival £1.6 million early last year - had filed administration notices with the High Court. It its statement, Bestival HQ said that, despite the ongoing financial challenges, "the process we are in allows a new partner to come on board with the financial commitments required to deliver Camp Bestival 2019 in its finest form". Yesterday the Richmond Group announced that it had "made an offer of £1.1 million to purchase the brand and assets of Bestival Group, with the intention of running the successful Camp Bestival going forward". The boss of the loan outfit, James Benamor, then said: "We have been fans and supporters of Bestival since the beginning. Our children have grown up with wonderful memories of these festivals". The Richmond Group is based in Bournemouth in Dorset, the county which has always hosted Camp Bestival and where, as of last year, the main Bestival festival has also been staged. Noting this local connection, Benamor's statement went on: "Bestival is an example of Dorset being world class and we are keen to ensure that this fantastic institution goes on to delight families and local businesses for many years to come". Although in his comments Benamor talks about the Bestival enterprise at large, his company's official statement only makes a commitment to continue running Camp Bestival, the more family-orientated event that spun off from the main Bestival festival in 2008. In the always competitive UK festivals market, Camp Bestival arguably has a stronger USP than the flagship Bestival event because of its family-orientated programming. Bestival HQ's statement last weekend also focused more on Camp Bestival, though that's mainly because tickets are already on sale for the 2019 edition of that event, whereas nothing has been formally announced for Bestival 2019. Meanwhile many people are still awaiting refunds after the final day of Camp Bestival 2018 was cancelled because of bad weather conditions. Although not commenting on outstanding issues with the 2018 edition, Benamor's statement did specifically say that "under this offer all Camp Bestival 2019 tickets sold so far will be honoured". The Bestival company - and its founder Rob da Bank - have not yet commented on Richmond's statement from yesterday. Though the fact that the two parties are currently issuing statements separately suggests that Richmond is not the "new partner" coming on board with some new finance that Bestival HQ was optimistically talking about on Sunday. |
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Ricky Nelson estate sues Sony over international deductions on streaming money Such deductions have traditionally been common in the record industry. Partly because, when it comes to physical product, releasing a record in each new territory requires additional work and extra risk for the label. And partly because in the early days of the record industry, when there were few truly global music companies, third party labels and distributors might be involved in a record's release in other countries. With the shift to digital, some artists and managers argue that deductions of this kind are harder to justify. Especially on catalogue, which can start earning money from the streaming platforms in other countries with no real effort on the part of the label. As a result, some labels don't charge international deductions on streaming income, although there remains quite a lot of confusion about label deductions in general. Sometimes a label says it no longer applies any deductions to an artist's streaming monies, but then it might turn out there are some exceptions to that general rule. Either way, the Nelson estate accuses Sony of applying a hefty "intercompany charge" on international streaming revenue before calculating the royalties it is due. The estate has no problem with such deductions if there is a third party company involved which is making the additional charges, but it argues that international deductions are not allowed under Nelson's record contract where another Sony Music label is in control of his recordings abroad. According to Law360, the Nelson estate's lawsuit says that, because of the international deductions, Sony "impermissibly takes up to 68% off the top of the international revenue earned from streaming sales, and bases the artist's royalty rate on the remainder". Because it is usually other Sony subsidiaries making the deduction, they add, Sony "does not have a contractual or equitable right" to deduct money in this way. The estate is pushing for class action status for its lawsuit, which it says could mean that "hundreds, if not thousands" of artists who are beneficiaries of Sony Music released recordings could be involved in the case and, if it was successful, see their streaming royalty payments increase. This is by no means the first lawsuit involving this particular royalty gripe, and Sony itself has been involved in such cases in the past. The Nelson estate also sued Capital Records, then still part of EMI, back in 2011, again over allegedly underpaid royalties. That dispute was seemingly subsequently settled. |
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Label that dropped Zex over sexual assault claims retracts allegations In a new statement on the record company's Facebook page, Magic Bullet founder Brent Eyestone says: "In September 2017, I published a statement on the website of Magic Bullet Records, and on Facebook, in which I made certain allegations about Jo Capitalcide, guitarist of the band Zex. My statement was later republished on social media and by various news outlets including Pitchfork, CBC and The Star". "Upon reflection", he goes on, "I hereby retract these allegations without reservation. The statements that I made were unverified and I regret any impact such statements may have had on Capitalicide and Zex". He then adds: "I am also pleased to announce that the litigation commenced by Jo Capitalcide against Magic Bullet Records and me has been resolved and we have all agreed to put this matter behind us". Zex drew massive media attention last year after some of their songs were accidentally pressed on vinyl copies of Beyonce's 'Lemonade' album. This prompted a number of people to come forward with assault accusations against Capitalcide, leading to Eyestone's decision to cut his ties with the band. At the time, Eyestone said that "information shared first-hand by singer Gretchen Steel" had confirmed one of the accusations shared with him directly. But Steel then denied this and Capitalcide promptly launched his legal action. Magic Bullet Records subsequently shut down at the end of the year and Eyestone launched a new company called Dark Operative. A statement on the Zex Facebook page acknowledges that Eyestone has retracted his earlier statements, although does not comment directly on the dropping of the lawsuit. |
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Koko temporarily closed due to "structural issue" Operations Director of the venue's owner Mint Group, Larry Seymour, says in a statement: "Our consultant surveyors recently made us aware of a structural issue with this 117 year old building. The protection and well-being of our customers and staff is of paramount importance and we have therefore decided to close the venue while work is carried out". "We place the utmost value on our relationships with our clients", he continues. "But we were unable to work around the diary. The nature of the work means that there is no alternative to a full closure. We offer sincere and heartfelt apologies to all our clients and customers who have been affected by the closure". He concludes: "Our contractors are working diligently and at all speed to ensure that we are able to welcome back a full programme of events as soon as possible". Currently shows between 27 Sep and 15 Oct are affected. See a full list here, including new venues where shows have been moved. |
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Kylie Minogue set to confuse you on your train journey tomorrow Minogue's voice will be heard throughout Friday at Birmingham, Bristol, Euston, Glasgow Central, Kings Cross, Leeds, London Liverpool Street, London Bridge, London Victoria, London Waterloo, Manchester and Reading railway stations. Among the things she'll be saying is this: "Hi, it's me Kylie. I know what you're thinking; 'Why is Kylie doing the announcements?' It's because it's BBC Music Day... so I can! Have a great weekend, everyone! Happy BBC Music Day!" That's really not going to help you catch the right train. If you're late for work tomorrow, you know who to blame. Oh, and just to put your mind at ease, another of the announcements does contain an incredibly laboured set-up in order to crowbar in the phrase "do the locomotion". Sort of like that sentence I just wrote, but worse. Manchester Metrolink tram users getting all shirty about train passengers enjoying all the BBC Music Day treats can just bloody well calm down. Lisa Stansfield's got you covered. Equally as contrived, her announcements are at least a bit more helpful. "Hi this is your guest announcer Lisa Stansfield here for BBC Music Day", goes one. "I've been around the world, but I, I, I, could always find my ticket. So make sure you've got yours before you get on board. Happy BBC Music Day!" In another, she'll say: "Hey Manchester, Lisa Stansfield here for BBC Music Day! Remember when the tram's in motion, people hold on!" As well as this, the British transport system will be further impeded by performances from various acts in stations - and Manchester Airport - at various points during the day. I assume there's stuff happening on BBC TV and radio stations too, but I've invested too much time in this train thing now for it to be worthwhile finding out. Oh no, there's that special edition of 'Bargain Hunt', isn't there? What larks! |
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Mono announce new album, Nowhere Now Here Recorded with Steve Albini, it's the band's first album to feature new drummer Dahm Majuri Cipolla. To mark the announcement, the band have shared a short film directed by Julien Levy, which features new track 'After You Comes The Flood'. The album is set for release on 25 Jan, meanwhile the band will be on tour in the UK next month. Here are the dates: 1 Oct: Bristol, The Fleece |
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The Teskey Brothers, JID, Amazon Music, more Other notable announcements and developments today... • Universal's Decca Records and Vertigo Records have jointly signed Australian band The Teskey Brothers. "The Teskey Brothers are a proper band", says Decca A&R Manager Danny Roberts, a bit like your tedious uncle at Christmas. The band will release their debut album, 'Half Mile Harvest', later this year. • Reservoir has signed rapper and songwriter Destin Route, who performs as JID, to a worldwide publishing deal. "I'm happy to be a part of the Reservoir family and thankful for their belief in me and my team to give us this opportunity", says Route. • Amazon Music Unlimited has launched in Canada, following the introduction of the firm's Prime Music set-up there last year. "We're THRILLED for our Canadian customers to start streaming with Unlimited", says Amazon Music's Sean McMullan. • The PRS Foundation has announced the latest winners of the Lynsey De Paul Prize. Soul singer-songwriter Amahla receives the top £2500 development bursary. "I am incredibly excited and grateful to be awarded the Lynsey De Paul Prize", she says. "With this award I can start shooting music videos to accompany the release of my debut EP in February and start the recording of my second project". Five runners up - Bianca Gerald, Dani Sylvia, Fiona Lee, Rebekah Fitch and Harpy - will all receive £1200. • To mark the release of their new album, 'VI', on 5 Oct, You Me At Six will be opening a pop-up vegan kebab shop in East London. 'You Me At Shish' will open at the Temple Goods Café in Hackney Downs Studios at 6pm on 5 Oct. • Olly Murs is releasing a new single, called 'Moves', tomorrow. It features Snoop Dogg. "Snoop was just perfect for the song", says Murs. "There's no one else that has that much character in his raps. He's such an original". Here's a clip. • William Shatner is recording a Christmas album called 'Shatner Claus'. Really. It features guests including Iggy Pop, Todd Rundgren, Rick Wakeman, ZZ Top's Billy Gibson and more. Featuring Henry Rollins, here's 'Jingle Bells'. Why is this happening? • Brockhampton have released the video for 'San Marocs', from new album 'Iridesence'. • MGMT will release an album of remixes of tracks from their latest LP 'Little Dark Age' tomorrow. From it, here's Matthew Dear's take on 'One Thing Left To Try'. • Soft Cell have released the video for 'Northern Lights', their first new song for fifteen years. New compilation, 'The Singles - Keychains & Snowstorms', is out tomorrow. • Matt Corby has released the video for new single 'No Ordinary Life'. His new album, 'Rainbow Valley', is out on 2 Nov. He'll also tour the UK in January, finishing with an already sold out show at The Forum in London on 29 Jan. • Holychild have released the video for new single 'Hundred Thousand Hearts'. "The video is about love and art and the endless cycle of inspiration between the two", says the duo's Liz Nistico. "My art is so inspired by love. Is my love inspired by the unrealistic romantic images portrayed in art? In the end does it matter? Tune in to find out!" • Methyl Ethel have released new single 'Scream Whole'. The band's Jake Webb describes the song thus: "That cold sweat. That swollen throat. That sick feeling bubbling up from your guts. When midday movies dredge suppressed memories that scream for closure. What to do?" • Darwin Deez has released the video for 'Say It First', taken from new album 'Ten Songs That Happened When You Left Me With My Stupid Heart'. He'll be touring the UK not this month, not after Christmas, but next fucking month (October). • Ah! Kosmos has released new track 'June'. Her new album, 'Beautiful Swamp', is out on 5 Oct. • Rina Mushonga has released the video for new single, '4rtrs'. • Shy FX will play a four week residency at Omeara in London in November. Guests will include Andy C, David Rodigan, Octavian, Big Daddy Kane, D Double E, Mike Skinner, Idris Elba and Ghetts. • Check out our weekly Spotify playlist of new music featured in the CMU Daily - updated every Friday. |
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Eddie Vedder warned Bradley Cooper not to make A Star Is Born "He was so wonderful", Cooper tells Yahoo. "I went up to Seattle and spent four or five days with him and I asked him 9000 questions. And he gave me minor, little things that only musicians know about what to do, just aesthetically and the inner workings". Among the helpful pieces of advice that Vedder imparted, it turns out, was a warning not to make the movie at all. "He was a big, big champion", Cooper begins, before recalling the reality. "Well, actually, no, he thought it was crazy I was going to do this movie. He was like, 'What? Bro, don't do that'". To be fair, I think we all thought that. I'm still thinking it now. |
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