Yoink! Citigroup plucks EMI from Guy Hands’ buttery fingers

Yoink! Citigroup plucks EMI from Guy Hands' buttery fingers http://www.tinymixtapes.com/sites/default/files/news-11-02-guy-hands.jpg

Whoa. As The New York Times reported like 20 damn minutes ago, giant banking company-thing Citigroup has just wrestled EMI (you know, that big old music company that was home to the Beatles and the Stones and Coldplay and Radiohead, etc. that has been crashing and burning spectacularly for some time now?) from the grip of Guy Hands, the awesomely quixotic leader of British private equity firm Terra Firma, who bought the debt-laden company back in 2007. See, Citigroup had lent Terra Firma some £2.7 billion (about $5.5 billion in 2007) to finance their acquisition of EMI. But, um, yeah. Then all that financial stuff that your dad’s always talking about happened, leaving Terra Firma unable to make debt payments on that loan.

Wasting no time after taking 100% ownership, Citi has promptly rolled-up its sleeves and reduced EMI’s debt by 65%, from £3.4 billion ($5.4 billion) down to an adorable little £1.2 billion (about $1.9 billion). The turnover will likely lead to a quick flip of EMI at Citi’s next yard sale, with rival music companies like the Warner Music Group and the new BMG Rights Management expected to be among the possible bidders. But EMI actually consists of several small parts (e.g., its recorded music division and its publishing division), and it’s currently unclear whether Citi will try to pass the company off as one unit or chop it into pieces first. For now, Citigroup is denying that it has been soliciting buyers, but don’t be surprised when you see Citigroup show up on the next episode of Pawn Stars.

And now, this:

• EMI: http://www.emimusic.com
• Citigroup: http://www.citigroup.com

Gold Panda will tour anywhere in the world as long as there’s bamboo to chew on.

Hey, what are you doing this Friday night, bro? Hanging out with some buds at the roller rink? Dinner with one of those friends you feel out of touch with but continue to hang out with anyway? Faking the feeling of productivity by making “real headway” on your Netflix queue? Nice, nice. Yeah, I got some of that kinda stuff planned, too. Meanwhile, wanna know what hot-stuff London electronic-music producer Gold Panda is doing this Friday? TOURING THE DAMN WORLD.

Continuing to support his little-record-that-could, 2010’s Lucky Shiner (TMT Review), the other panda-themed DJ guy whose not Noah Lennox will hit the road for his first headlining tour starting Friday in Berlin. From there, he’ll continue on for what press releases often refer to as a nonstop whirlwind of worldwide tour dates “with no stopping in sight.” Although I’m reasonably sure that he’s actually going to be stopping lots of times. For instance, he’ll stop in Belgium for Artefact Festival, in Austin for SXSW, in Spain for Primavera… yup, all kinds of stoppin’ be going on. Speaking of stopping: I’m getting a sandwich. Later.

02.04.11 - Berlin, DE - Club Maria (Transmediale Festival)
02.16.11 - Kortrijk, BE - De Kreun
02.17.11 - Leuven, BE - Gilke Vanuytsel (Artefact Festival)
02.18.11 - Luxenbourg, LU - Exit07
02.24.11 - Praha, CZ - Palac Akropolis
03.01.11 - London, UK - Xoyo
03.02.11 - Amsterdam, NL - Melkweg (5 Days Off Festival)
03.15-19.11 - Austin, TX - SXSW
03.22.11 - Vancouver, BC - Fortune Sound Club
03.23.11 - Seattle, WA - Nectar Lounge
03.24.11 - Portland, OR - Rotture
03.25.11 - San Francisco, CA - 103 Harriet
03.27.11 - Los Angeles, CA - Troubadour
03.29.11 - Chicago, IL - Schubas
03.30.11 - Toronto, ON - Tba
03.31.11 - Philadelphia, PA - The Arch
04.01.11 - Washington, DC - Red Palace
04.02.11 - Brooklyn, NY - Public Assembly
04.20.11 - Laval, FR - Le 6 Par 4
04.21.11 - Lille, FR - Le Grand Mix (Les Paradis Artificiels Festival)
04.22.11 - Nancy, FR - L’autre Canal
04.23.11 - Paris, FR - Point Ephemere
05.28.11 - Barcelona, ES - Primavera Festival (Pitchfork Stage)

• Gold Panda: http://www.myspace.com/goldpanda
• Notown/Ghostly International: http://ghostly.com

Rivers Cuomo continues to milk Pinkerton — you know, the album that he used to hate

Do you wonder what Rivers Cuomo was thinking about during the creation of Weezer’s Pinkerton? Do you find yourself curious about what types of papers Cuomo wrote while in school between 94-97? Are you such a freak about Weezer’s landmark sophomore album that you’ll buy anything with the word “Pinkerton” on it? Then Cuomo has the book for you.

Hot on the heels of last year’s reissue of 1996’s Pinkerton, a new book, titled The Pinkerton Diaries, has now been confirmed by Cuomo himself (via video) to finally see release in March. The book, announced last fall and originally scheduled for consumption in January, is described by Cuomo as “a collection of all my journals, emails, letters, photos, school papers — everything from those years ‘94-‘97, so you get an inside look as to exactly what I was thinking.”

Cuomo also has a new album, Alone 3 scheduled for March release. This volume of the Alone series will focus on outtakes from the Pinkerton sessions, because, you know, timing is everything.

• Weezer: http://www.weezer.com

100,000 P2P Lawsuits were filed in 2010; okay seriously, who is still using Soulseek and Kazaa to illegally download?

In case you thought that the RIAA had moved on to other issues, you’ll be pleased to know that it’s still continuing the legal battle against the threatening scum of the internets, a.k.a. illegal file-sharers. According to TorrentFreak, close to 100,000 peer-to-peer lawsuits have been filed over the past year in the US alone. Most of the lawsuits, however, are primarily from the film industry, including the adult industry, which really begs the question: why is everyone downloading The Sexual Network and Sex Toy Story 3 from Soulseek and Kazaa? It’s 2011 now, you guys. Get with the times and join Netflix or use a little website called Google to find your illegal files in a less obvious manner. Also, RIAA, really? REALLY? It’s time for you to get with it as well. And no, that doesn’t just mean listening to James Blake!

• RIAA: http://www.riaa.com

[Photo: Uma Coisa Viva E. Pulsante]

Editions Mego creates new label Spectrum Spools, debuts with Bee Mask and Fabric albums

Are you still working on your quest to own all of the albums on TMT’s recent Favorite Albums of 2010 year-end list? If you are, then you better thank your lucky stars that Editions Mego have created a new label, Spectrum Spools, which plans on releasing Bee Mask’s Canzoni dal Laboratorio del Silenzio Cosmico, our #43 pick, for your listening and spending pleasure. The label, which has a self-imposed goal to release “past and future electronic music works of the highest quality,” will also release Fabric’s A Sort Of Radiance, another album that the label says showcases the “talent shining up out of the North American synth underground.”

Both albums will be pressed on high-quality vinyl and are limited to 500 copies. They’re also available for pre-order now. Then all you have to do is wait until March to receive an album that we described as “a dazzling display of synthesizers and haunting sound collage.”

• Spectrum Spools: http://www.editionsmego.com/spectrum-spools
• Editions Mego: http://www.editionsmego.com

Sharon Jones rocks America on extended US tour

Across America, a voice cries out. “Give me jobs,” it says. “Or an end to war. Or improved infrastucture or more civilized politics.” The voice considers. “Oh f*%$ it,” it says, “Just give me a really long Sharon Jones tour of the southern United States and we’ll call it even.”

Alright, USA, here you go. Ms. Jones and band have had a busy 2011 already; they’ve opened for Prince at Madison Square Garden, rocked at his afterparty, and now they’re extending their spring tour to include the South, including a jaunt so Sharon’s hometown, Augusta, Georgia. So, my fellow Americans, bring me your tired, your poor, your teaming masses yearning to GET DOWN, and let’s get this tour started.

02.03.11 - Ithaca, NY – State Theatre of Ithaca*
02.04.11 - Buffalo, NY – Town Ballroom*
02.05.11 - Cleveland, OH – Beachland Ballroom*
02.10.11 - Pawtucket, RI – The Met*
02.11.11 - Burlington, VT – Higher Ground
02.12.11 - Hartford, CT – The Webster
03.10.11 - Knoxville, TN – Bijou
03.11.11 - Charlotte, NC – McGlohon Theatre
03.12.11 - Augusta, GA – Imperial
03.15.11 - New Orleans, LA – House of Blues
03.17.11 - Pensacola, FL – Vinyl Music Hall
03.19.11 - Tampa, FL – The Ritz Ybor
03.20.11 - Miami Beach, FL – The Fillmore Miami Beach
03.21.11 - Orlando, FL – Beacham Theater
03.23.11 - Tallahassee, FL – The
03.24.11 - Savannah, GA – Savannah Music Festival
03.24.11 - Charleston, SC – Music
03.26.11 - Raleigh, NC – Lincoln
04.15.11 - Live Oak, FL – Wanee Festival
06.03.11 - Ozark, AR – Wakarusa

* Charles Bradley

• Sharon Jones: http://www.sharonjonesandthedapkings.com