Capitol Records FOR SALE

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lasvegaslynn
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Capitol Records FOR SALE

Postby lasvegaslynn » Wed Mar 15, 2006 9:00 am

Kevin Roderick at LAObserved.com has two articles about the Capitol Records building being up for sale. Condo developers are said to be very interested. The City is said to be concerned about keeping the 160 employees employed in Hollywood. And EMI, the parent company that owns Capitol Records, is said to be upset at all the residential towers going up in the neighborhood.

Check it all out at :

www.laobserved.com
Lynn in Sherman Oaks

www.classiclasvegas.squarespace.com (blog)

www.classiclasvegas.com (website)

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More from LAObserved:

Postby Lynxwiler » Wed Mar 15, 2006 2:05 pm


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Postby Lynxwiler » Thu Mar 16, 2006 12:59 pm


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NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO...

Postby modchick65 » Sun Mar 19, 2006 8:09 am

Save Wildwood, NJ!!

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Synthetrix
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Re: NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO...

Postby Synthetrix » Tue Mar 21, 2006 12:34 am

Synthetrix Photos of the Forgotten
http://photosoftheforgotten.synthetrix.com/

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Re: NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO...

Postby apower » Wed Mar 22, 2006 2:34 am


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What I wonder about all these

Postby modfan » Wed Mar 22, 2006 9:47 am


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Postby Lynxwiler » Wed Mar 22, 2006 10:31 am


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Rodney on the Roq

Postby kentbulza » Mon Apr 03, 2006 12:35 am

I Was Listening to Rodney on the Roq Tonight. He's motivated on this. He said he's got Chris Martin from Coldplay, Paul McCartney, Morrissey and Brian Wilson all on board with him to help prevent this from going condo.

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Postby nichols » Fri May 12, 2006 11:55 am


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Postby bitzala » Tue May 16, 2006 10:10 pm

I heard from a friend who works at Capitol (he's their VP of A & R and a hard core MCM lover) that it's unlikely that they will sell. Evidently, there are some zoning issues that are interfering with the plan.

RE: Why they would consider selling... I know that the record industry is really hurting right now, both financially and creatively. They're making a lot of mediocre albums that no one wants to buy when they can just down load the music for free. It's a vicious cycle that keeps feeding itself. The less money the industry has, the less of a risk they want to take by investing in and developing new talent, like they used to do. They're looking for the next, image-driven hit that will guarantee the financial bottom line, even if it means, investing in "artists" that are not as gifted. (As David Crosby said recently, record execs "wouldn't know a good song if it flew up their nose and died." :wink: )
Just a thought...


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