In addition to non-profit, and independent producers, DTP can also be compared to other corporate theatre producers. However, before this comparison is made it must be noted that currently DTP is the only major Broadway producer that is a part of a publicly traded company. Andrew Lloyd Webber’s Really Useful Group was public between 1986 and 1990, but private since 1990 (Hunter). The other notable public theatrical producer was Livent, a Canadian company founded in 1990 by Garth Drabinsky and Myron Gottlieb that went public in 1993. The company faltered and was sold in 1998. After the sale it was discovered that Drabinsky and Gottlieb committed fraud by falsifying the company’s books (“What was Livent Inc.?). In 2009 both men were convicted of fraud. With the demise of Livent, and the fact that Really Useful Group is no longer a publicly traded company, Disney Theatrical Productions is currently the only Broadway production company that is publicly traded. Though private, DTP does have some similarities with other corporate production companies, an example of which is the Nederlander Organization. Founded in 1912 by David T. Nederlander, the Nederlander Organization is one of the largest privately held entertainment companies in the world. The company is currently run by the Nederlander family; James M. Nederlander is currently the chairman and James L. Nederlander is currently the company’s president. The Nederlander Organization is divided into several parts, the company
A small family owned business is now a successful business of leading entertainment. Its history dates back to 1920, when the Dubinsky brothers Edward Maurice and Barney Dubinsky were the first original owners to purchase Regent Theatre in Kansas City, Missouri. (AMC History) In 1961, Edwards son, Stanley Durwood, took control of what at the time was named Durwood Theaters when his father died. (Variety) He later renamed the theater to American Multi-cinema, which is officially known as AMC Entertainment, Inc.. Being that Stanley was in the U.S Air Force he started to apply military management to modernize the movie theater industry. Stanley explained to Variety magazine, “We needed to define what our company was doing in the business. My dad
Every music artist begins somewhere. Every artist had to do something to get their music out there. No one just automatically becomes famous. Then everyone wants to listen to your music. You start out new and anonymous and become more popular over time. Artist become famous by advertising. Every music artist should be able to advertise.
This memo will examine Timken Company's decision to acquire Torrington by examining the stand-alone value of Torrington, the synergies of this acquisition and the effect on Timken's investment grading.
I propose that all unsigned rising artist should target the business side of the music industry to be successful in the entertainment business because it allows the artist to be taken seriously and make solid connections that can further his/her career. Learning the works of the music industry also enables a new artist to be further successful and profitable. Recent studies show that most new artists without professional representation and a business mindset have a slimmer chance in getting signed to major or independent labels (Lowry, 2011). Overall, the specific change needed is that unsigned artists should be concentrating on their careers as professionals and not amateurs, thus focusing on the ins and outs of the music business and
The music industry is made of companies which produce and sell music. The music industry as we know it was solidified in the mid-twentieth century, where records succeeded sheet music as the primary product in the music business. Record companies were established, but did not last very long until the late 1980s when the “Big Six”, a group of multinational corporations consisting of Sony, MCA, WEA, Polygram, EMI, and BMG controlled most of the market. Initially there were five corporations (CBS and RCA (both now belonging to Sony), WEA, EMI, and Polygram) that had emerged in 1978 to own 60 per cent of the market. (Wallis and Malm, 1984, p. 81)
Over the years, musicians have allowed their music to be used in advertisements for various businesses. However, doesn’t the artist’s creativity in their music fade away after it has been used in various commercials? Most importantly, advertisements may change the lyrics to a song to relate to the product, so the business would benefit more and take the focus away from what really matters, the music.
CAS 300 requires auditors to their audit using a risk based model where the nature, timing and extent of audit procedures are based on the assessed risk of material misstatement. Pickett (2006) argues that for audits to be effective and efficient, much of the audit effort should be focused on areas that are considered to pose the highest audit risk. Additional audit procedures should be linked to individual audit assertions whereas other audit procedures need to be performed as and when needed. Thus, for an audit plan to be put in place, it is necessary for an auditor to come up with a risk profile of the client comprising an understanding of the business operating by the audit client, assess business risk and also perform its preliminary analytical review.
. My understanding is that the Mid-American Sound Corporation was responsible for most of the blame (Nicas, 2012a). I think the blame also feel on the Fair Commission (Young, 2012), and the Theatrical Stage Employees (IATSE). It seemed that all these organizations wanted to do was set everything up regardless of whether it was put up properly or not. Even if there were no storms these people should have made sure that all requirements were met. Each one of the organizations had no foresight of some crisis might occur. Nevertheless, with these failures in mind on February eight two-thousand and twelve, the Indiana Department of Labor issued fines on all three organizations. The Labor Commissioner Lori Torres reported that the biggest fine was
Introduction: The Walt Disney Company is on the threshold of a new era. Michael Eisner has stepped down from his position as CEO and turned over the reigns to Robert Iger. A lot of turmoil has been brewing through the company over the last four years; many people are hoping that this change in leadership will put Disney back on the road to success. Issues began around mid-2002; when declining earnings, fleeing shareholders, and
As we examined the financial evaluation of Caesars Entertainment Corporation, it will reveal the financial stability of its revenues, gross margin, and earnings per share. The largest gaming companies in the world under the leadership of CEO Mark Frissora and its 31,000 employees. It is ranked #7 in the Airlines, Hotel & Travel industry. Its ticker symbol was CZR, established in 1989. Now as we further examine the financial of Caesars, we will describe the profitability, liquidity, solvency, and the positive/negative trends over the last three (3) years. The profitability will show and yield profit or financial gain. Liquidity will describe and reveal the availability of liquid assets; how easy it is to convert assets to cash.
In the book, The Corporation Joel Bakan presents arguments, that corporations are nothing but institutional pathological psychopaths that are “a dangerous possessor of the great power it wields over people and societies.” Their main responsibility is maximizing profit for their stockholders and ignoring the means to achieve this goal, portrays them as “psychopathic.” Bakan argues that, corporations are psychopaths, corporate social responsibility is illegal, and that corporations are able to manipulate anyone, even the government.
The music industry has changed in very quickly in so many ways it almost seems impossible. Thomas Edison recorded the first voice in 1877 and now we listen to hundreds of different types of music on devices that hold more information than the computers that sent the first astronaut to the moon. People have been getting music in tons of ways for the past hundred plus years and when the internet came into the picture, the music industry sky rocketed. People could get their own music out and be heard just by clicking a few measly buttons and using the internet to stream millions of songs with high speed. But even though the internet has helped the music industry by making it easier to distribute, advertise, and produce music, it still has its disadvantages.
Since the music industry is quite diverse it is consequently impacted by a great number of ethical issues. The issues span across the production side to the consumptions side of music. They issues deal with things as inconsequential as lip syncing to the breaking of laws when stealing music. Although there are a lot of different areas that can be examined within the industry, the most important ethical issues fall under the category of compensation.
The DV8 company is a physical theatre group based in Artsadmin in London, UK. Loyd Newson, Michelle Richecoeur and Nigel Charnock in 1986. Even though three people founded this company, Loyd Newson was the artistic director.
Since 2005, the CEO baton was passed along for the 6th time to the company’s COO since 2000, Robert Iger. Iger has a long history within the larger framework of Disney’s enterprises, namely through ABC studio and cable network channels (Management 2009). Iger – as CEO of Disney – has focused on reconciling problematic dissension among the board of directors, especially the current Roy Disney, who, at one time, campaigned against Disney itself. Since then, the company has restructured certain key areas in management to regain investor confidence and internal affairs. Most recently, Disney announced its fiscal year and fourth quarter financial results via webcast (Corporate 2009).