Sony BMG Dumps Executives Within Classical Division
Sony BMG has recently downsized several executives within its Masterworks classical division. The downsizing included label president Gilbert Hetherwick and a group of vice presidents, directors, and assistants. The Masterworks division includes Sony Classical, Columbia Masterworks, BMG Classics, RCA Red Seal, and Deutsche Harmonia Mundi. According to a label statement, Masterworks will be folded into the Commercial Music Group, part...
EMI Licenses Music Videos To Gotuit.com
EMI Music will license its music video library to an online video portal and on-demand cable service operated by Gotuit Media Corp. The multiyear agreement calls for the companies to share revenue from advertising on Gotuit.com. The deal allows only U.S. computer users who visit the site to access EMI’s videos. No other financial terms of the pact were disclosed. Woburn, Mass.-based Gotuit Media Corp. supplies videos on demand...
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