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BurberryAiken's CDD | Home & News

Latest News From CDD

Thursday, April 21, 2005

Future Link between Clay, The Firm and 19E?

From the CB:

A post from fifty at CV that puts a very interesting spin on the Simon Renshaw deal. Mostly educated speculation, but still very interesting:
Quote:
I am way behind but wanted to post this little tidbit...

I have posted in the past that my daughter's future husband is in the entertainment business and books international concerts....
well,
I emailed him today and asked him about the Firm situation. Here is my email to him and his response....

What do you think about

Strategic Artist Management
Simon Renshaw

Simon is breaking away from the Firm company
and is taking Dixie Chicks, Anarsarcia, and Clay Aiken to mention a few...

his response...

Quote:
Hi! Yes, I read it on the industry dailies this morning. The Firm may be in trouble financially as they've laid off a bunch of people recently. Interesting to note that Robert Sillerman is on a new buying spree of management companies and is in the process of a merger with Simon Fuller's 19 Entertainment and also getting ready for an IPO. Personally, I wouldn't be a bit surprised if they made a takeover bid on The Firm. That was exactly his MO when he was building SFX Entertainment which he ended up selling to Clear Channel. Thats how Clear Channel got into the concert business.

Perhaps, Simon Renshaw did not want to be in a position where his one of his main clients would be back in the hands of Simon Fuller through a series of takeovers. It wasn't a pretty divorce to begin with by all accounts. The only way to protect that was to leave. Just a theory though...


I thought this was very interesting

0 comments:


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