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Tjazz

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  3. Yourmusic.com corner

    in Miscellaneous Music

    Posted

    new: (from BMG site, probably will appear on yourmusic in a few days)

    Shannon Brown - Corn Fed

    Ralph Stanley - A Distant Land To Roam

    Serge Chaloff - Boston Blow-Up!

    Herbie Hancock - The Essential Herbie Hancock

    The Jazz Crusaders - At The Lighthouse

    Stan Kenton - Sophisticated Approach

    Liquid Soul - One-Two Punch

    Lou Rawls - Black And Blue / Tobacco Road

    Yellowjackets - Twenty Five (1 CD/1 DVD)

    Massive Attack - Collected

    Jim Reeves - The Essential Jim Reeves

    Huey Lewis & The News - Greatest Hits

  6. For Old and Current BMG Music Members

    in Miscellaneous Music

    Posted

    I was a member of both the classical and jazz clubs for a number of years. I understood the deal with "shipping and handling" and will live with it. It was a good deal for consumers, nomatter how the money was split. Did not file.

    I did jump to Yourmusic when I had the opportunity.

    Chuck,

    I agree with you 100%. I certainly new what the deal was/is and had/have no complaints. It's a good deal even with the shipping in most cases. However, under the terms of the settlement of the class action suit (which, just for the record, I had no part in whatsoever nor was I even aware of until recently and after the settlement was reached), if BMG doesn't get a certain amount of takers, they are required to go back to those who did file and offer them more discounted CDs until the total value of the discounts in the aggregate/cost to BMG reaches a specific dollar amount (I don't recall how much off hand). It just seemed to me that if they are required to essentially give this stuff away at 80% off anyway there was no reason, moral or otherwise, not to take part. I don't condone actions of this sort, but given the court order it didn't seem to me that not claiming the discounted CDs would benefits BMG in any way.

    Yes, I think the settlement amount was about $8 million. Aprox $17.17 will be deducted for each CD mailed in the settlement.

  8. Yourmusic.com corner

    in Miscellaneous Music

    Posted · Edited by Tjazz

    Just got these RVG Blue Notes and they didn't have any BMG label markings. They were sealed and had the sticker on top with the artist/title, same as the CDs bought at retail.

    Dexter Gordon : Gettin Around

    Dexter Gordon : Swinging Affair

    Hank Mobley : Workout

    Lee Morgan : Tom Cat

    Stanley Turrentine : Joyride

    Lee Morgan : Gigolo

    Andrew Hill : Smoke Stack

    Horace Silver : Silver's Serenade

    Hank Mobley : Dippin'

    Horace Silver : Horace Scope

    Art Blakey : Mosaic

    (course, I ordered Andrew Hill : Time Lines and it had the BMG label on it)

  13. Tower Records

    in Miscellaneous Music

    Posted

    Firms Said to Stop Supplying Tower Records

    At least three major music companies suspend deliveries to the struggling retailer, sources say.

    By Charles Duhigg and Geoff Boucher, Times Staff Writers

    August 4, 2006

    At least three major music companies cut off CD shipments to Tower Records on Thursday after record executives said that the iconic music retailer had stopped paying its bills.

    Universal Music Group, Warner Music Group Corp. and EMI Group sources confirmed privately that each of the companies had stopped sending albums to the Sacramento-based chain, which has struggled with declining sales as digital technologies have changed the way consumers buy music.

    Sony BMG Music Entertainment also suspended shipments, according to industry sources.

    The four record companies declined to comment.

    The move comes just days after Tower Records named a new chief executive: crisis management and bankruptcy specialist Joseph D'Amico. Tower executives informed record companies this week that they would not pay outstanding invoices, according to sources familiar with the conversations.

    Tower executives, including D'Amico, did not return phone calls. A Tower spokesperson declined to comment.

    Industry insiders and analysts said it was unclear whether Tower Records had run out of money or was attempting to pressure the record companies to extend better terms.

    If the music companies suspend shipments for long, Tower Records could be forced to shutter its 89 locations, including the famous store on Los Angeles' Sunset Strip, analysts said.

    Tower Records confirmed Thursday that it was working with a Los Angeles investment bank to sell the company.

    The retailer reportedly received at least five bids this year from private equity firms. When a sale failed to materialize, D'Amico was hired in what is the third management shuffle in four years.

    The hard line by record companies, insiders said, is a response to Tower's unilateral decision to withhold payments after music executives had extended the chain credit for years.

    "There are some music companies that have been trying very hard to keep Tower afloat," said an executive at one of the music companies familiar with the talks who requested anonymity because of the situation's delicacy. "They owe a lot of money."

    Music fans bemoaned the potential loss of a retailer that catered to fanatical tastes.

    "Led Zeppelin changed my life, AC/DC changed my guitar playing, and Black Sabbath changed my approach to songwriting — and I found all of them because of Tower Records," said Dave Mustain, lead singer of the veteran heavy-metal band Megadeth. "What could they possibly put in the place of that Sunset store? Another Starbucks?"

    Others pointed out that Tower Records had averted crises before — most notably in 2004, when the retailer filed for bankruptcy protection but emerged less than a month later, after bondholders took control of 85% of the company's stock.

    "Being on hold doesn't mean Tower is going to close up shop tomorrow, but it means they need a serious plan," said Geoff Mayfield, senior analyst at the music industry trade publication Billboard. "The industry isn't in a hurry to lose another retailer. There will be a lot of people who will want to support them in coming up with a plan."

    Tower Records began in 1960, when a music enthusiast named Russ Solomon began selling records out of his father's Sacramento drugstore. In less than a decade, Tower Records expanded to San Francisco and Los Angeles, and soon thereafter across the nation and abroad.

    Tower pioneered the mega-store concept, building multilevel stores with exhaustive inventories and passionate and knowledgeable staffs. Tower's late-night hours and in-store concerts drew crowds.

    By the mid-1990s, Solomon was listed by Forbes magazine as one of America's richest men. Amid soaring profit, the company launched a major expansion financed by bonds worth $110 million.

    But soon afterward, profit at Tower Records and other music-only retailers began to decline amid pressure from Internet piracy and chains such as Best Buy Co. and Wal-Mart Stores Inc. Retail music sales decreased by 17% from 2000 to 2005, according to the Recording Industry Assn. of America.

    In 2003, Tower's parent company, MTS Inc., tried to sell the retailer after it defaulted on a $5.2-million payment, but there were no takers. Less than a year later, the Solomon family lost all but 15% of the company after it filed for bankruptcy protection.

    This year the company installed in-store kiosks that would eventually allow customers to burn compilation CDs of current and out-of-stock songs. Last month the company launched a digital store where listeners could download individual tracks for 99 cents apiece. Industry analysts said the efforts were gaining traction.

    LA TIMES article

  14. What's a fair price for the Commodore vol.1 Mosaic?

    in Mosaic and other box sets...

    Posted

    Although $300 is not a bad price, I have seen several copies of Volume I go for less than $250 on ebay over the last year. If you are willing to wait and monitor ebay listings, I am sure that you could easily beat $300. (Of course, Mosaic prices always seem to surge on ebay during the fourth quarter as Christmas fast approaches.)

    Why not offer the local store $250 and see what happens.

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