Shall we do it again? The Elon Musk dumpster fire, Friday edition
Has anyone ever burned down company this quickly? A reminder: Elon Musk paid US$44 BILLION for Twitter. And he’s pissing it all away. What’s it like to get fired from
Read MoreBankruptcy
Gibson Guitars is on the verge of bankruptcy
Gibson, the manufacturer of guitars and musical instruments, brought in revenues of $1 billion last year but is still headed for bankruptcy. The problem is debt. Two rounds of debt–one
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How Tom Petty Beat his Record Label by Declaring Bankruptcy
Hundreds, thousands of young artists have been misled, swindled and outright robbed by the record labels that signed them. All contracts are written to benefit the label and not the
Read MoreThe HMV Going-Out-of-Business Fire Sale Continues
HMV will close all 102 locations across Canada by April 30, including the flagship store at 333 Yonge Street. This arrived in my email this week.
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An Interview with HMV Canada President Nick Williams on the Chain’s Bankruptcy. What Happened?
I continue to be seriously bummed out about the imminent demise of HMV Canada. What went wrong? Billboard has this interview with company president, Nick Williams. Billboard: What happened at
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If You’re an Rdio User, It’s Time to Prepare for the End
Earlier this week, it was announced the Rdio, my preferred music streaming service since 2010, had run out of money and was headed towards Chapter 11 bankruptcy. Once those proceedings
Read MoreRdio Files for Bankruptcy. Pandora to Pick Off Assets.
And so it begins. Rdio, one of the more well-known streaming music services, announced today (November 16), announced that it was given up the ghost and filing for Chapter 11
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A History of Musicians Going Bankrupt
With the news that 50 Cent has filed for bankruptcy—where did that $260 million from Vitamin Water go?–it’s timely that we review other financial indiscretions and missteps that resulted in
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Random Music News for Tuesday, July 14, 2015
It’s New-Horizons-at-Pluto-Day! What will we see? Will the Annunaki be awakened from their slumber? (Note to mission specialist Alan Stern: Can I have a crater on Charon named after me?
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