Martin Bandier Profiled In New York Times
August 24, 2009 at 4:36 AM (PT)
THE NEW YORK TIMES shines it's light on SONY/ATV MUSIC PUBLISHING CEO MARTIN BANDIER in SUNDAY's edition, writing "It’s no secret that the music industry has been in a tailspin for the better part of a decade. After peaking in 1999, music sales have dropped steadily, thanks in large part to consumers freely downloading and sharing songs and albums.
"So it’s come to pass that after decades of playing second fiddle to the much bigger and brighter stars in the industry’s recording business, music publishing is on a roll. It is, as its executives like to say, a business of pennies and nickels, but that small change generates $3 billion in annual revenue, throws off enviably predictable streams of cash and has caught the eye of private equity firms and large institutional investors who are snapping up catalogs of stars like FRANK SINATRA and MADONNA."
Read the full article here.