Monday, May 31, 2010

sinon fuller to acquire CKX........owners of IDOL franchise.....ELVIS & MUHAMMAD ALI likeness & image.......

CKX Confirms Acquisition Offer From Simon Fuller

"American Idol" creator wants to take over parent company of show's producer, 19 Entertainment
By Wrap Staff
Published: May 28, 2010
CKX, parent company of 19 Entertainment, which produces "American Idol," confirmed Friday that it has received an acquisition proposal from a group of investors led by "Idol" creator Simon Fuller.

The offer is believed to be for about $600 million, according to the Hollywood Reporter.

In addition to "Idol," CKX owns the rights to the names, images and likenesses of
Elvis Presley and
Muhammad Ali, and also operates Graceland.
It also produces Fox's "So You Think You Can Dance."

The CKX board of directors is evaluating the proposal, "as well as other potential strategic alternatives," it said in a statement, has retained Gleacher & Company as its financial adviser and Wachtell, Lipton, Rosen & Katz as legal adviser.

CKX also said, "There can be no assurance that it will enter into any agreement with respect to any transaction, or as to the timing or terms thereof, including price."

Fuller left 19 Entertainment, of which he was CEO and founder, in January.
In May, CKX founder-CEO Robert F.X. Sillerman resigned from the company to pursue other opportunities, including possibly buying CKX.

Fuller and partner Roger Jenkins, formerly of Barclays Capital, have amassed a $1 billion acquisitions fund, according to ABC News.

One Equity Partners, a private equity arm of JPMorgan Chase, also is eyeing CKX as a takeover target.

Monday, May 24, 2010

mick "rolling stoned" jagger.............

***Mick Jagger -- hawking "Stones in Exile," a documentary about the making of the Rolling Stones' 1972 album, "Exile on Main Street" -- told reporters in Cannes:
"We were young, good-looking and stupid then.
Now we're just stupid."
The album was mostly recorded at Keith Richards' villa in the South of France -- where the Stones had fled Britain's crushing income tax -- in a hedonistic haze of heroin, pot and booze.
"Nixon was in the White House and Watergate was going on, but we didn't know about it until later because we were down there making this album," said the rubber-lipped rocker.

Wednesday, May 19, 2010


Axl Rose slams Irving Azoff in $5 million countersuit

Tue May 18, 2010 @ 12:08PM PST

By Eriq Gardner


Axl Rose says his former manager tried to implement a scheme to force him to reunite with the original Guns N' Roses band members and, as part of the plot, failed to properly promote the "Chinese Democracy" album, lied about a prospective Van Halen super tour and mishandled the band's tour dates.

The claims are part of a bombshell countersuit filed yesterday against Irving Azoff's Front Line Management.

In March, Azoff sued Rose, claiming the rocker violated an oral agreement to pay 15% of earnings, or nearly $2 million, from a lucrative concert tour.

Not since the G'N'R song "Get in the Ring" has Rose struck back at a foe so forcefully, alleging antitrust concerns about Front Line's parent company, Ticketmaster, to drive home a major claim that his former manager is up to no good in the music business.

Azoff is CEO, director and majority shareholder of Front Line, whose roster of artists include the Eagles, Neil Diamond, Jimmy Buffett, Christina Aguilera and John Mayer.

In 2008, Front Line was acquired by Ticketmaster.

Rose claims that through Azoff's control of the "trifecta" of artist management, concert and touring promotion, and ticket sales, Azoff has been able to gain wide influence and power in the music industry.

Azoff allegedly decides what artists he wants to promote through favorable touring deals and uses his power to punish artists and harm their careers if they don't follow his orders.

When informed of the myriad allegations in the countersuit, Azoff's lawyer Howard King quipped to us: "He didn't accuse Irving of being on the grassy knoll in Dallas on November 22, 1963?"

The countersuit invokes the U.S. Justice Department's recent antitrust lawsuit that sought to stop a proposed merger between Ticketmaster and Live Nation over concerns about the new entity having too much control over artists and venues.

Afterwards, Ticketmaster entered into a consent decree with government regulators to allow the merger to continue under certain operating provisions.

Axl's counter-complaint says that Azoff is violating the consent decree by coercing and bullying artists to do what he wants.

What Azoff wanted, the rocker says, was the reunion of Guns N' Roses.

To execute this, he would sabotage Rose and his new band so that Rose would have no option but to reunite.

According to the filing, "Upon realizing that he couldn't bully Rose and accomplish his scheme, Azoff resigned and abandoned Guns N' Roses on the eve of a major tour, filing suit for commissions he didn't earn and had no right to receive."

Further, Axl says the botched tour cost him money in production startup and rehearsal expenses.

Claiming breach of fiduciary duty, constructive fraud and breach of contract, the singer wants at least $5 million in damages.

The cross-complaint was filed by Skip Miller and Sasha Frid at L.A.'s Miller Barondess.

ALICE COOPER'S -----...that 3 Minute Musical Boundary......

If I were to take a young band, I would have them listen to four people:

Burt Bacharach, Paul McCartney, Brian Wilson and Paul Simon, or maybe Laura Nyro.

Listen to the construction of those songs. I mean, the Beatles - so simple, but I get everything they're saying to me.

When I hear these new bands, I don't get it.

And it's because they don't know how to tell a story within those musical boundaries.

That three-minute musical boundary.

Alice Cooper