Jeff Waye/Ninja Tune (ninjeff@generation.net)
Tue, 19 Jan 99 20:28:26 -0400
Oh, isn't the record industry fun when someone decides to trade their
orange juice stocks for a record company...you know they're in it for the
music.
>Hey ya'll here are figures from today's Los Angeles Times that denote what is
>supposed to happen Thursday in the Uni-Polygram layoffs.
>
>This is phase one of the downsizing. Artist cuts will be slower than employee
>cuts according to the times. The Merger will be complete this July.
>
>Thursday:
>300 Employees in LA
>200 Employees in NY
>buh-bye
>
>Here's the breakdown:
>Geffen + A&M--> Interscope (new co. called IGA)
>A&M = 170 Employees of 200 cut & 45 0f 65 acts cut
>Geffen = 115 out of 145 employees cut & 45 of 70 acts cut
>Interscope = 20 of 70 acts cut. Layoffs unknown.
>
>Mercury +Island + Def Jam
>Mercury = 60 of 150 people cut & 110 out of 140 acts cut
>Island = 40 out of 100 people cut & 25 out of 70 acts cut
>
>Motown--->MCA
>68 of 75 employees cut. Roster cuts not stated.
>
>MCA Music Publishing
>120 of 370 staff cut
This archive was generated by hypermail 2.0b3 on Wed Jan 20 1999 - 02:38:05 MET