16.38
Bredonborough.
The good news is, Love cannot bear that even one soul be denied its place in Paradise. So, even when our hearts are empty, Love sometimes reaches over, gives us a kiss, and leaves a little of Itself behind.
Much of the morning reflecting on the ongoing work of the Special Study Group, a small Guitar Craft team, based on the West Coast.
The afternoon practising, e-flurrying & a short meeting with Mr. Cheese. An alternative future to that planned has been appearing.
Back to e-flurrying & from Sean Fitzpatrick…
EMI investigates fraud in Brazilian music division
Katie Allen
Thursday October 26, 2006
The Guardian
EMI shares took a knock last night after the music group revealed it had uncovered an accounting fraud at its Brazilian arm.
The company said it had suspended some senior managers in Brazil while it carried out a full investigation. The world’s third largest music group said in a statement that it had identified, through its internal controls, "a one-off accounting fraud affecting the reporting of results at EMI’s recorded music business in Brazil".
Well. There is quite a lot I might write about the record industry in South America, but today is not the day.
Other arising issues include download piracy of DGM material; and a sign of the changing industry…
By Michael Stetz
UNION-TRIBUNE STAFF WRITER
October 30, 2006
OK. So he’s not exactly on a high-end, go-getting career track. He’s not a lawyer. Not a doctor. Not a software engineer.
But for Josh Conley, Tower Records is where he fits in.
He loves the scene and, of course, the music. The wonderful, fabulous, diverse music.
So what does Conley do next?...
Tower Records filed for bankruptcy in August, and when it closes – probably in mid-December – about 3,000 employees will have to polish up résumés, which isn’t exactly their specialty.
Cf...Tower Records gets $1.5M for Northern Calif. property
Associated Press October 27th. 2006
WASHINGTON - A bankruptcy judge this week approved the sale of a Tower Records property in California to a local businessman for $1.5 million. The Silicon Valley property is in Campbell, Calif., a city of 38,000 people and the original home of eBay Inc. The property was not included in the sale of most of Tower Records’ assets in early October that raised $134 million… In August, Tower Records filed for bankruptcy for the second time, citing competition from digital music available online as the reason for its financial woes.
Cf...Tower Records bankruptcy results in liquidation
Associated Press Updated Fri. Oct. 6 2006 6:10 PM ET
WILMINGTON, Del. -- After a lengthy auction stretching over two days, a U.S. federal bankruptcy judge on Friday approved sale of California-based Tower Records to Great American Group, which plans to liquidate the music retailer. After almost 30 hours of what lawyers described as "robust’’ and "vigorous’’ bidding, Great American won with a bid of US$134.3 million, beatingTrans World Entertainment, which had hoped to continue operating at least some Tower stores, by only $500,000… Tower Records, which has 89 stores in 20 states (it once had outlets in Canada) and owes creditors about $200 million, filed for Chapter 11 reorganization in August. In its filing, Tower said it has been hurt by an industrywide decline in music sales, downloading of online music and competition from big-box stores such as Wal-Mart.
20.43 More practising, more e-flurrying.
21.13 Enough. A Minx is waiting.
"May we have the courage to fail."
