Leoni-Sceti To Exit EMI

Leoni-Sceti To Exit EMI
EMI Music announced CEO Elio Leoni-Sceti will leave the company on March 31. Leoni-Sceti was hired in July 2008 and was previously an executive with consumer brand company Reckitt Benckiser. While a CEO replacement has not been named, Charles Allen, EMI's non-executive chairman since January 2009, has been appointed executive chairman. (3/10)

Labels Investment In Artists Reaches $5 Billion Per Year
Record labels' investment in music talent has reached approximately $5 billion per year, according to a new IFPI report, "Investing In Music." Record companies invest an estimated 16 percent of sales revenue in A&R development, and 25 percent of artists on label rosters were signed within the last year. According to the report, the cost to break an artist is approximately $1 million, including a $200,000 advance, $200,000 for recording, $200,000 for three videos, $100,000 for tour support, and $300,000 for marketing and promotion. (3/10)

Tenor Philip Langridge Dies
British tenor Philip Langridge died March 5 in England following a bout with cancer. He was 70 years old. Langridge began his career as an orchestral violinist before turning to singing. He made his professional opera debut in Richard Strauss' Capriccio in 1964, and one of his final roles was playing the witch in Engelbert Humperdinck's Hansel And Gretel. Langridge was renowned for his warm tone and ability to interpret the works of George Frederic Handel, Wolfgang Amadeus Mozart, Franz Schubert, and Igor Stravinsky, among others. He won two GRAMMY Awards during his career, Best Opera Recording for Schoenberg: Moses Und Aron in 1985 and Best Opera Recording for Britten: Peter Grimes in 1996. (3/10)
 

Email Newsletter