New generation takes Arista helm

Article Abstract:

Officials of BMG Entertainment have named Antonio Reid as the new CEO of Arista Records Inc replacing founder Clive Davis. Davis claims he was replaced due to the mandatory retirement policy of BMG parent Bertelsmann, a claim which Bertelsmann denies. Davis is considered a legend in the industry and is credited with influencing the music industry for four decades. Reid founded LaFace Records and was the recipient of three Grammy Awards as a producer and songwriter.

Arista Records Inc.

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Universal taking over Rondor Music

Article Abstract:

Independent music publishing firm Rondor Music has been acquired by the Universal Music Group for an estimated $400 million and will make Universal the second-largest music publisher behind Time Warner. Media companies such as Time Warner and Universal are acquiring independent music publishers to secure licensing rights to songs. Music publishers earn mostly from fees paid for playing songs commercially.

Asset sales & divestitures, Acquisitions & mergers, Rondor Music

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Vibe's CEO feeds on teens' creative energy

Article Abstract:

Vibe/Spin Ventures President and CEO Keith Clinkscales' business strategies evolved on studying teen-agers' lifestyle that include hairstyles, clothes and music. The company, which publishes magazines such as 'Blaze,' was the publisher of best seller book about the life of slain rapper Tupac Shakur. Vibe/Spin, which will publish an illustrated history of hip-hop in 2000, boasts of an urban retail fashion show, a Vibe retail outlet and a traveling national music seminar.

Periodical Publishers, Special Interest Periodicals, Special interest magazines, Vibe/Spin Ventures

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