more avex news:

[_Zora_]

from mainichi online:

Ayumi Hamasaki's producer to stay with Avex




Masato Matsuura, the famous producer who brought pop star Ayumi Hamasaki into the spotlight, will return to the Avex record company group along with former managing director Ryuhei Chiba, the firm said Tuesday.

Avex announced the informal decision just two days after both Matsuura and Chiba resigned as senior managing director and managing director, respectively.

Matsuura had quit over internal trouble involving management plans at the company, and it had been rumored that artists he had dealt with would also move to another company as a result. But Avex officials said that this would no longer happen.

"With this, the possibility of artists transferring has been eliminated," an Avex representative said.

In addition to his position as managing director, Chiba had also served as president of a firm that managed artists. Avex officials said it was stated during a board of directors meeting on July 31 that conflicts of interest in Chiba's transactions would become a problem in the future. As a result it was recommended that he resign from his position as managing director.

Matsuura moved a motion for chairman Tatsumi Yoda to resign, saying his management plans were mistaken, but it was voted down, and he and Chiba resigned as directors.

Later, during a meeting between Chiba and Avex officials, it was reportedly decided that there were prospects for a solution to the problem of conflicts of interest affecting Chiba's transactions, and an informal decision was made for Matsuura and him to return to the company. (Mainichi Shimbun, Japan, Aug. 3, 2004)

from bloomberg.com (read the last bit)

...Avex Inc. rallied 153 yen, or 9.5 percent, to 1,761. Masato Matsuura and Ryuhei Chiba, managing directors at the music and video production company, decided not to resign.

Matsuura has been known for his success in promoting pop singer Ayumi Hamasaki. Hamasaki, who said she would leave the company if Matsuura did, accounted for about 10 percent of the company's total revenue, UBS Warburg Japan Ltd. said. The stock yesterday slid 16 percent after the resignation announcement.



To contact the reporter on this story:
Michael Tsang in Tokyo at mtsang1@bloomberg.net.

To contact the editor responsible for this story:
Teo Chian Wei at cwteo@bloomberg.net.
Last Updated: August 2, 2004 21:57 EDT

[tl1029530921]

10%....-_-?

[mnuguyen]

Ah geez, all that hype for nothing.
Well I hope they get their issues solved and I hope that this is final.

Thanks for the info.

[jerms]

lately it is around 10%.

[Coelacanth]

10% lol, I remember when it used to be 30%... Oh well, either way its still kinda scary... x_x

Thanks for the news!

[Aldonia]

Thanks for the news. I'm glad this stuff will all be over with soon.

[ll moments ll]

thanks !!
i'm glad this will be over soon.

[CRAZYBOAT]

Only 10%?-_-

[CyberSpaceQueen]

10%?? This is so less!!><

[tetsuo69]

10% cause she isnt taking out single/albums as much as b4...

also the company isnt getting smaller its getting bigger...


10% is fine

[AyuLover]

Who's bringing in the biggest bucks then?

[fantaisie.sign]

Thanks for the news!

10% is a bit low. . . I thought it would be at least 30%. *raises eyebrow*

[minkAYuko]

actually she used to be 45% read.. the TIME MAgazine Interview!!..... only TEN???? I don't like it at all! maybe 20% i would belive that... but as someone said... she dosen't realeases more albums as she just to... and the company is getting bigger so the income divides between all avex ppl....

I She had soo much power before....

[tetsuo69]

Originally Posted by AyuLover

Who's bringing in the biggest bucks then?

she still is the one who bring the most from avex

just not anymore 40%

i think last year was 20% not sure

[tl1029530921]

Originally Posted by AyuLover

Who's bringing in the biggest bucks then?

it might still be her, maybe theres just more people to split it between now.

[Unimatrix Prime™]

Originally Posted by tl1029530921

it might still be her, maybe theres just more people to split it between now.

That seems to be correct. Plus, Avex has been marketing the other artists more than ever, so it's only natural that Ayu's not as high as she once was. Doesn't mean that she has litte value, since Avex would've had wanted to lose her even if she was worth 5%.

[CT_Cool]

Woah it used to be 45% and now it 10% well avex is has more singers nower days

Also "The stock yesterday slid 16 percent after the resignation announcement."

[tl1029530921]

example:ayu takes 10 percent..say theres...30 artists in avex..each of em could only be 3 percent or something..:-P. Of course thats not tru..just an example...Ayu=10..BoA prolly pretty close but not as much.

[hiro]

10% for one artist in a label that has dozens is still pretty high. I dunno what you all are complaining about.

[ImpactBreaker]

I agree with hiro. Avex has a lot of big artists and a zillion others making part of it...there's ELT, DAI, BoA, koda kumi, EXILE, hitomi, aikawa nanase, OLIVIA, day after tomorrow, Namie Amuro, etc