Here we are, in what
should, by all rights, be Spring, but as I look out my
window, I’m reminded
that well, Spring will come when it will. So, I guess we
might as well be surfing the web for new and interesting
things to share with our students.
The first thing I would
like to share with you is a little something new I learned
in doing research about 360 degree contracts. If you
are lucky enough to have access to Lexis-Nexis, you can
search for “Earnings Conference Call” and “Live
Nation” in the same search box (or the publicly
traded company of your choice) to gain access to the
transcripts
of all the quarterly conference calls made between CEO’s
and their investors. You can get some quite interesting
insights as to corporate strategy (with a positive spin,
of course) by reading these. You can also listen to some
of these calls on line, but I have found the companies
don’t archive them for long, and so you can’t
dig back too far for background through the recordings.
The transcripts, however, can take you back to the beginning
of such companies as Ticketmaster, Live Nation, or Warner
Music Group just to name a few that might be on your
radar screen these days.
Speaking of Live Nation and Ticketmaster, you can now
access a webcast of the Senate hearing – featuring
testimony by Rapino and Azoff promoting the deal as the
way to save
the music industry, as well as some detractors. I don’t
know how long this will stay posted where it is, but
it is really interesting, and a good chance for students
to
see our representatives in action. Right now you can
see the hearing at this webcast
address.
It is interesting to note that the committee establishes
early on in the proceedings that the burden of proof
is on Live Nation and Ticketmaster to argue that they
will
not be creating unfair competition – I will leave
it to you to determine if they met that standard in their
testimony! Also, if you are following this proposal,
you might want to look at the investor presentation .
I’d draw your attention in this presentation to
slide #5, which clearly shows the plan for their “vertical
integration on steroids” (a quote from a dissenter
at the Senate hearings). You might want to read through
this and see how their presentation to stockholders differs
from their strategy presented at the hearing!
Thanks to reaching out to my students, I was introduced
to www.coolfer.com this past week. This is a blog by
a young person in the music industry in Nashville. Looking
today, there is a list of interesting articles about
things
happening in the here and now. Is everyone
up on the “Darknet?” I
am now, thanks to this site. I also followed through
the “jobs” link
to look at internships, and there were some interesting
listings, so you might find this helpful for your students
if you need some new ideas. I’ll check it a few
more times before we go to print, but it looks promising
for
keeping up to date on somewhat random topics.
Finally, the last link I will mention for this post
is on the ever popular YouTube
(yes, I do go there upon occasion – you can find some interesting
stuff there…really!). I first saw this“5 Minute University" clip at
a presentation on teaching I went to a couple of weeks ago, and I fear
there may be some truth to it.
You may not agree
with Professor Sarducci, but you do have to ask yourself
why his comments seem to resonate so clearly with the audience. It helped
me remind
myself that less is more, and that it is more important for me to focus
on thinking, than on fact distribution. Check it out and let me know
at the conference what
you think! On that note, my five minutes are up – happy spring, and
happy (Internet) surfing!