British music company EMI reported a loss of US$1.2 billion in its first year as part of the private equity group Terra Firma, news reports said Saturday.
Revenues dropped by 19 percent to US$2.3 billion in the business year ending on March 31, according to earnings data released the previous day in an annual review by Maltby Capital, through which investor Guy Hands’ Terra Firma owns EMI Music.
The loss, which ballooned from US$457 million the previous year, is largely due to financing costs, asset writedowns and restructuring costs, the Financial Times reported.
Jury selection was completed Thursday for the murder retrial of legendary music producer Phil Spector, and main arguments in the case will be heard beginning next Wednesday, court sources said.
Spector, the eccentric musical genius who created the famous Wall of Sound recording technique, was accused of shooting dead an actress in his Los Angeles mansion five years ago.
He avoided conviction after a marathon, six-month trial last year that ended with a jury deadlocked 10 to 2 in favor of finding him guilty, and prosecutors decided to launch a new case against him.
The new jury consists of seven men and five women. Six replacement jurors must be chosen before Wednesday, when the court hears opening statements by the defense and the public prosecutor.
The trial at Los Angeles Superior Court is expected to last between three and four months, and the fabled producer faces a minimum 15 years to life in prison if he is found guilty of second degree murder.
Prosecutors are seeking to convict Spector, 68, of murdering actress Lana Clarkson, who was found dead in the foyer of the fabled producer’s home in the early hours of Feb. 3, 2003.
At his first trial, prosecutors alleged that Spector shot Clarkson as she attempted to leave his home after meeting him for the first time only hours earlier at the Hollywood nightclub where she worked.
Defense lawyers said Clarkson, 40, best-known for her role in Roger Corman’s 1985 cult classic The Barbarian Queen but whose career had stalled at the time of her death, killed herself.
Spector is regarded as one of the most influential figures in pop music history. In the early 1960s he was responsible for hits including Da Doo Ron Ron, Be My Baby and You’ve Lost That Lovin’ Feelin.
US supergroup Guns N’Roses will unveil their first original album in 17 years next month with the release of long-awaited work Chinese Democracy, a statement said Thursday.
The long-delayed album will go on sale in the US on Nov. 23 while the title track Chinese Democracy has already been released to radio, the band’s managers said.
The album is Guns N’ Roses’ first since the 1991 release of Use of Illusion I and Use Your Illusion II.
“The release of Chinese Democracy marks a historic moment in rock ‘n’ roll,” co-managers Irving Azoff and Andy Gould said. “Guns N’ Roses fans have every reason to celebrate, for this is only the beginning.”
Guns N’ Roses frontman Axl Rose is the only member of the band’s 1991 line-up to feature on the new album, which will include 14 tracks.
The band has sold 90 million albums worldwide, with 42 million in the US alone, with the group’s seminal Appetite for Destruction — featuring hits Welcome to the Jungle and Sweet Child o’Mine — its most famous.
Veteran comedian Jerry Lewis is under fire again for making an anti-gay slur on Australian television similar to one he apologized for using on his annual US telethon a year ago.
The 82-year-old King of Comedy dropped the slur when he was asked by a Network Ten national TV reporter following a press conference in Sydney on Friday for his opinion on the Australian nation sport of cricket.
“Oh, cricket? It’s a fag game. What are you, nuts?’’ Lewis replied.
The network broadcast the comment in full on its Friday evening news bulletin along with footage of Lewis handling an imaginary cricket bat with an effeminate gesture.
Lewis apologized in September last year for using the term “illiterate faggot’’ in Las Vegas during his annual Labor Day telethon that raises money for the Muscular Dystrophy Association.
In a statement released a day later, he described the slur as a “bad choice of words.’’ New York-based media discrimination watchdog Gay & Lesbian Alliance Against Defamation, or GLAAD, called for Lewis to again apologize.
Nov. 11 to Nov. 17 People may call Taipei a “living hell for pedestrians,” but back in the 1960s and 1970s, citizens were even discouraged from crossing major roads on foot. And there weren’t crosswalks or pedestrian signals at busy intersections. A 1978 editorial in the China Times (中國時報) reflected the government’s car-centric attitude: “Pedestrians too often risk their lives to compete with vehicles over road use instead of using an overpass. If they get hit by a car, who can they blame?” Taipei’s car traffic was growing exponentially during the 1960s, and along with it the frequency of accidents. The policy
Hourglass-shaped sex toys casually glide along a conveyor belt through an airy new store in Tokyo, the latest attempt by Japanese manufacturer Tenga to sell adult products without the shame that is often attached. At first glance it’s not even obvious that the sleek, colorful products on display are Japan’s favorite sex toys for men, but the store has drawn a stream of couples and tourists since opening this year. “Its openness surprised me,” said customer Masafumi Kawasaki, 45, “and made me a bit embarrassed that I’d had a ‘naughty’ image” of the company. I might have thought this was some kind
What first caught my eye when I entered the 921 Earthquake Museum was a yellow band running at an angle across the floor toward a pile of exposed soil. This marks the line where, in the early morning hours of Sept. 21, 1999, a massive magnitude 7.3 earthquake raised the earth over two meters along one side of the Chelungpu Fault (車籠埔斷層). The museum’s first gallery, named after this fault, takes visitors on a journey along its length, from the spot right in front of them, where the uplift is visible in the exposed soil, all the way to the farthest
The room glows vibrant pink, the floor flooded with hundreds of tiny pink marbles. As I approach the two chairs and a plush baroque sofa of matching fuchsia, what at first appears to be a scene of domestic bliss reveals itself to be anything but as gnarled metal nails and sharp spikes protrude from the cushions. An eerie cutout of a woman recoils into the armrest. This mixed-media installation captures generations of female anguish in Yun Suknam’s native South Korea, reflecting her observations and lived experience of the subjugated and serviceable housewife. The marbles are the mother’s sweat and tears,
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