EMI Bought With NYC Pensions, Terra Firma Wants Its Money Back

EMI Bought With NYC Pensions, Terra Firma Wants Its Money Back http://www.tinymixtapes.com/sites/default/files/news-10-02-emi-mon.jpg

We recently reported on some troubling developments at EMI involving employee layoffs and budget cutbacks. Well, it turns out that the company’s losses could end up affecting not just the folks who work there, but also many people employed by the city of New York.

In a bizarre twist of corporate finance, the pension funds of some NYC public employees are apparently tied to the success or failure of the British record label. It’s complicated, but we’ll try to explain:

EMI was acquired back in late 2007 by private equity firm Terra Firma. During the takeover, Terra Firma pulled $2.35 billion from its cryptically named investment funds Terra Firma II and Terra Firma III to help seal the deal. According to an article run by Billboard.biz, those funds include “pension funds, life insurance companies, college endowments and other institutional investors.” Pensions of state employees all across the nation, from Oregon to Indiana, are attached to Terra Firma’s investments in EMI. But the plight of NYC employees is being highlighted in a lawsuit Terra Firma has brought against Citigroup, the bank that brokered the EMI buyout back in 2007, for misrepresenting the deal. Terra Firma alleges it paid too much for EMI because Citigroup lied in claiming there were multiple bids for the label.

It’s certainly a tangled web. Let’s just hope a solution can be worked out so that EMI can keep making those records, and NYPD retirees can rest assured they didn’t work the beat in vain.

Wild Beasts Tour, Music Goers Flee in Terror (To Their Shows)

Wild Beasts, whose awesome Two Dancers has been making winters everywhere easier to deal with this year, are going on their first full North American tour. If I could think of something cool and funny to say about that, I would. In the meantime, check out these clips of them playing live on Later with Jools Holland:

Convinced? Good. Now go see ‘em:

02.17.10 - Minneapolis, MN - 7th Street Entry
02.18.10 - Chicago, IL - Schubas
02.19.10 - Chicago, IL - Schubas
02.20.10 - Detroit, MI - Pike Room
02.22.10 - Toronto, ON - Horseshoe Tavern
02.24.10 - Boston, MA - Great Scott
02.25.10 - Philadelphia, PA - Kung Fu Necktie
02.26.10 - New York, NY - Bowery Ballroom
02.27.10 - Washington, DC - Black Cat
02.28.10 - Brooklyn, NY - Music Hall Of Williamsburg

European dates can be found here.

• Wild Beasts: http://www.wild-beasts.co.uk
• Domino: http://www.dominorecordco.com

Micheal Jackson’s doctor charged with “Maneater.” Wait… Wrong 80s identity, actually Manslaughter.

It’s no form of “Guessing Games” that “Crime [doesn’t] Pay,” but Conrad Murray, Michael Jackson’s personal doctor, was charged with manslaughter last week. Sir Jackson was administered propofol as a sleep aid, and as all of us pharmacologists know, propofol is used as an anesthetic for major surgery. It’s “The Art of a Heartbreak,” but the doctor is facing up to four years in a state prison. The Judge refused the prosecutions request of a $300,000 bail, for it was far above the $25,000, but they hugged and settled on a $75,000 bail.

In previous cases, the judge said that Murray was sued for dodging child support, and it makes him less likely, or ‘inclined,’ to show up for his criminal case. I guess he’s no “Family Man.” It was a “Delayed Reaction,” but Judge Schwartz said, “I don’t want you sedating people.” “Open All Night,” the court showed that doc was on his cell phone for 45 minuets before he called an ambulance when he came in to see Jackson unconscious and not breathing.

Jackson also called propofol ‘milk’ — that’s a little creepy right? Just sayin’… This is just another high-profile case that reveals the hidden world of Hollywood Medicine. You know, the one that resides outside of health care reform and the government, the one that hangs with Magic Johnson.

UK Independent Record Stores Show Solidarity in Stemming the Decline in Music Stores

Indie record stores in the UK have joined forces to try to prevent future music store closures. A website has been created so users can search for their nearest indie store and see what the shop has to offer. Indierecordshop is supported by the Entertainment Retailers Assocation (ERA) and Digitalstores.

There were 774 indie stores in 2004, but now less than 300 remain. Unsurprisingly, it’s people like you who have caused these waves of closures. Last year, 150 million singles were sold in the UK, with 98% being downloaded. Kim Bayley, ERA director general, said “It’s hard to tell whether it’s [Indierecordshop] going to stem the tide, but I think, to be honest, we’ve seen most of the fallout in the sector and the stores which are left are probably the best of the best.”

I bet you feel bad downloading that latestSupersilent release, don’t ya!?

• Indierecordshop: http://www.indierecordshop.com

The Apples in Stereo Travel the Galaxy on New Album and Plan North American Orbit; Hire “Space” Ace Frehley as Band Manager

My, how they grow! Denver pop nuggets The Apples in Stereo will release their seventh album, Travellers in Space and Time, April 20 through a holy trinity of record imprints: Yep Rock, Elephant 6. Seventh album! It seems like yesterday when I came across bright lil’ singles/EPs and witnessed a barnstorming basement set by Robbert Bobbert Schneider and his touring company at the time. At this present time, Schneider is joined primarily by longtime band members John Hill and Eric Allen, as well as old friends Bill Doss (Olivia Tremor Control, Sunshine Fix), John Ferguson (Big Fresh), and John Dufilho (The Deathray Davies). Time marches on, but the irresistible songs remain the same.

Travellers in Space and Time:

01. The Code
02. Dream About the Future
03. Hey Elevator
04. Strange Solar System
05. Dance Floor
06. C.P.U.
07. No One in the World
08. Dignified Dignitary
09. No Vacation
10. Told You Once
11. It’s All Right
12. Next Year at About the Same Time
13. Floating in Space
14. Nobody But You
15. Wings Away
16. Time Pilot

Given that the show I saw moons ago was an exuberant display of joy, you can imagine what kind of spectacle The Apples will put on in April and May with an expanded back catalogue and can’t-miss new album tracks at their disposal. All shows below will have support sets courtesy of http://www.applesinstereo.com
• Yep Rock: http://www.yeproc.com
• Simian: http://www.myspace.com/simianrecords
• Elephant 6: http://www.elephant6.com

Dead Meadow Releasing new LP on Xemu with Accompanying Film

On March 23, West Coast feedback-laden rockers Dead Meadow will have something extra special for their fans with The Three Kings. Not only does the LP feature five brand-spanking new tracks — which will likely with that ever-present 70s stoner vibe they tend to dish out — but it’ll also include a handful of live tracks recorded on the 89th and final date of their last major tour. And if you haven’t had the honor of catching Dead Meadow live, trust me, it’s something to be psyched about.

But hold up, that’s only half of it. This, my friends, is the zinger: Along with the album, the band is including a conceptual film that incorporates footage from the previously-mentioned live tracks, along with a feature film that the band has created in collaboration with the freaked minds of Artificial Army. If this alone hasn’t gotten you all tingled and aroused, here’s a quote from bass player Steven Kille concerning The Three Kings:

A stunning mix of fantasy film and multi-camera live concert footage, *The Three Kings* overlays the transcendental experience of the band’s music with film vignettes of *The Three Kings* at work. They are sort of a play on characters we allude to a bit in our last record (*Old Growth*), but elaborated on with the biblical Bedouins concept of wandering holy mystics and function as a vehicle to bring all these ideas we have had for years into your living room. The Kings look into our mortal world where each of the three human characters we play are tempted by the dark side of things and each react differently. Not sure if it is a moral tale, but I suppose a viewer can look at it like that.

On top of all that buzz, scenes from the film were shot at locations like the California sand dunes, which played as the backdrop for Tatooine in Star Wars, and a house in Palm Springs that was used for the James Bond film Diamonds are Forever. I honestly don’t see how this could be bad. Enough of my drooling. Here’s the tracklist:

01. The Kingdom Come
02. Between Me and The Ground
03. Good Moanin’
04. At Her Open Door
05. The Whirlings
06. To The One
07. That Old Temple
08. The Narrows
09. Push Em To The Crux
10. Seven Seers
11. Greensky Greenlake
12. Beyond The Fields We know
13. Everything’s Going On
14. Lady
15. Darlin’
16. Queen of All Returns

Oh yeah. Here’s a teaser trailer, and you can watch the video for “That Old Temple” at the Chocolate Grinder.

And, of course, they have a smattering of tourdates:

03.27.10 - San Francisco, CA - Great American Music Hall
03.31.10 - Eugene, OR - Wow Hall
04.01.10 - Portland, OR - Doug Fir Lounge
04.02.10 - Vancouver, BC - Biltmore Cabaret

• Dead Meadow: http://www.myspace.com/deadmeadow
• Artificial Army: http://www.myspace.com/artificialarmy
• Xemu: http://www.xemu.com