Terra Firma raises more money for EMI Records’ “How Much Money Can We Lose” contest

Terra Firma raises more money for EMI Records' "How Much Money Can We Lose" contest http://www.tinymixtapes.com/sites/default/files/news-10-05-terra-emi.jpg

EMI Records, the record label with growing notoriety as “that record label that’s totally fucked,” has gained more money, through its owner, Terra Firma Capital Partners, so that its loan agreement with Citigroup stays all legal and healthy.

Can any of you friendly Terra Firma employess provide us with insider-insight on this development? “Uh, yeah, we totally could, but it would just sound panicked and tense so we’ll stick to ‘no comment.’ No comment.”

How much money is EMI asking for this time? According to reports, it’s somewhere’s around 105 million British pounds, which is 156 million in US dollars! That’s a lot of money to save a sinking ship! Too bad these guys weren’t on the Titanic! Sinking ship or not, Terra Firma was able to secure the funds by begging for the (75%) support of its investors, with fanzine The Wall Street Journal reporting that the necessary approval wasn’t achieved until seconds before the May 10 deadline. But they did indeed get it, and now that Terra Firma has decided to throw more money at the problem, it has until this Friday to let Citigroup know that “Baby! We got your money!” so that it doesn’t have to endure the punishment of LOAN DEFAULT.

Now all it has to do is pay a buttload of cash by June 12. After that, the only thing EMI has to worry about are similar “loan tests” in 2011 and 2012! That and making a bunch of records that sell a trillion copies.

Woods to tour California, and a few other places.

Woods released At Echo Lake, the band’s fifth album, earlier this month, and in honor of this momentous occasion will be heading out on a fairly concise North American tour. With five shows in California alone, it’s obvious there’s some serious left-coast love going on; I suppose it’s one place where lo-fi psych-folk will always be welcome in large quantities. If you aren’t on the West Coast, the only other option is New York. I guess the rest of us will have to be happy with playing the record at home.

Oh, and there’s some other great acts tagging along, so get your butts out of the house — it’s spring, readers!

The dates:

05.13.10 - New York, NY - Abrons Art Center (Joshua Light Festival)
06.07.10 - Seattle, WA - Tractor Tavern #
06.08.10 - Vancouver, BC - Media Club #
06.09.10 - Portland, OR - Holocene #
06.10.10 - Arcata, CA - Jambalaya #
06.11.10 - San Francisco, CA - Slims #$
06.12.10 - Big Sur, CA - Henry Miller Library (Woodsist Festival) #$%
06.14.10 - Santa Barbara, CA - Jensen’s $%
06.15.10 - Los Angeles, CA - Echoplex (Woodsist Festival) #$%
06.25.10 - Brooklyn, NY - Music Hall of Williamsburg (Northside Fest / Woodsist Showcase) %^

# Art Museums, The Mantles
$ Kurt Vile
% Real Estate
^ The Fresh and Onlys, Moon Duo and Sic Alps

• Woods: http://woodsist.com
• Woodsist Records: http://www.woodsist.com

RIP: Dave Fisher of The Highwaymen

From the LA Times:

Dave Fisher, founding member and lead singer of the 1960s folk group the Highwaymen, whose recording of the Civil War anti-slavery song “Michael, Row the Boat Ashore” became a surprise pop hit in 1962, has died. He was 69.

Fisher died Friday at his home in Rye, N.Y., of myelofibrosis, a rare blood disease, family friend Nicole Fiftal said Wednesday.

“The original Highwaymen, along with the Kingston Trio and, later, Peter, Paul and Mary, were among those responsible for popularizing original American music — call it folk, blues, country, whatever,” Kris Kristofferson told The Times on Wednesday. “Those of us who were able to walk through the doors they opened are grateful.”

• The Highwaymen: http://originalhighwaymen.com

Merger costs, lower ticket sales threaten Live Nation; residents of that nation might want to emigrate ASAP

I went to go see some friends of mine play last week at Chicago’s Double Door. The show was $5.00. It was in the basement. It was a good time, especially for a Tuesday night: some beers were shared; some laughs were had; and some serious shit-kicking rock ‘n’ roll was brought into being and sustained for 42 minutes, galvanizing the attention of a small but eager crowd and fostering one of those rare occurrences where you can palpably feel a collective consciousness billowing out underneath the moldy rafters. “Ah,” I thought, “live music is good right now. Five bucks? …well spent.”

Umm, MEANWHILE:

Losses at Live Nation continued to grow throughout last quarter as a result of the cost of its merger with Ticketmaster, a drastic drop in income from Tickets Now, and generally faltering concert attendance. The company continues to claim that ye olde Ticketmaster merger (of which everyone was such a big fan) will eventually save them $40 million in redundant costs, seemingly disinterested in the fact that they have to, you know, actually sell tickets to make that happen. Last year they dropped 3% to 6.8 million from 7.1 million in the previous year, even though the total spending per concert-goer grew 2% to $59.71 from last year’s $58.57 (possibly because ticket prices rose overall to help mitigate the cost of Lady Gaga’s stage clothes).

Live Nation also took another slap-on-the-wrist-to-the-face when the ticket-reselling site Tickets Now — which had been delivering $15 million in revenue a year to its parent company Ticketmaster — was forced to remove its links from Ticketmaster’s main site in cooperation with the feds to gain merger approval. After that, revenues from Tickets Now fell to $1 million. “The minute we had to unlink from our website, that business over the last year has deteriorated,” says CEO Michael Rapino. “So we’re looking at strategic options for that division.” Might I suggest doing some $5.00 shows? Or maybe $5.00 footlongs, at least? That always seems like a good deal.

• Live Nation: http://www.livenation.com/
• Me after dinner: http://www.youtube.com/watch?v=7uQlnSGzCSI

Interpol announce first herpes-free tour

Carlos D, defined by Urban Dictionary as a “goth nazi vampire,” has left Interpol (TMT News), but the show must go on! According to an inside source, the band members were “sick of the cold sores and fever blisters all over their faces” but have “never felt healthier” since the goth nazi vampire left the band.

And so they have decided to tour:

06.21.10 - Rochester, NY - Water Street Music Hall
06.22.10 - Buffalo, NY - Town Ballroom
06.23.10 - Pittsburgh, PA - Mr. Small’s Theatre
06.25.10 - Allentown, PA - Crocodile Rock Cafe
06.28.10 - Des Moines, IA- People’s Court
07.01.10 - Cincinnati, OH- Bogart’s
07.02.10 - Cleveland, OH - House of Blues
07.05.10 - Columbia, MO- Blue Note
07.08.10 - Athens, GA - 40 Watt Club
07.10.10 - Charleston, SC - The Music Farm
07.14.10 - Baltimore, MD - Ram’s Head Live
07.20.10 - Proivdence, RI - Luop’s Heartbreak Hotel
07.21.10 - New Haven, CT- Toad’s Place
07.23.10 - Clifton Park, NY- Northern Lights
07.24.10 - Lancaster, PA - Chameleon Club

• Interpol: http://www.interpolnyc.com

Wilco add The Books, Sir Richard Bishop, Vetiver, and more to Solid Sound lineup

When you’re a band of Wilco’s caliber, you can pretty much do whatever you want. If you want Justin Bieber to sing harmonies on your new album, he’ll appear out of nowhere. If you want Animal Collective to be your backing band, they’ll show up at your house… unannounced. If you want Lil Wayne to— well, he’s actually in jail, but you get the point.

But rather than asking their musician friends for favors, Wilco decided to help them by curating a festival and having them play it. Aw, how nice! Wilco’s Solid Sound Festival is set to take place August 13-15 at Mass MoCA in North Adams, MA. In addition to previously announced bands like Wilco’s headlining set (uh, duh), The Nels Cline Singers, On Fillmore, The Autumn Defense, and Pronto, the following bands have now been added to the lineup: Avi Buffalo, Sir Richard Bishop, Vetiver, Mountain Man, Brenda, The Books, Deep Blue Organ Trio, Bread and Puppet Theater, and Story Pirates.

The capacity for the festival is limited to 8,000 for the entire weekend, so expect tickets to go quickly. Early-bird pricing is only available through May 31. Tickets can be purchased here.

• Wilco: http://www.wilcoworld.net
• Solid Sound Festival: http://www.solidsoundfestival.com

  

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