|
Daily News, New York, Media Column.
Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News) Publication Date: 21-MAR-01 |
|
COPYRIGHT 2001 Daily News
Byline: Phyllis Furman
Mar. 21--SONY'S TURNING DOWN THE VOLUME on big-time rap label Loud Records.
Frustrated with its paltry profits, Sony Music has ordered cutbacks at Loud, the home of Wu Tang Clan and deceased rapper Big Pun, music industry sources said.
Starting this week, Loud will fire about 20 staffers, or 20 percent of its workforce, and some divisions will be consolidated with Sony mega-label Columbia Records.
The Loud meltdown comes two years after Sony boss Tommy Mottola paid an estimated $50 million...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
