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BMI Publisher - Harry Fox Agency (NMPA) Publisher Principal - NARAS
 
[04 May 2001]
NASHVILLE, TENNESSEE (McClure & Trowbridge Publishing)
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"Gaylord - BMI - Insider News"

INSIDER GAYLORD NEWS

Today Gaylord Entertainment announced more insider news following the recent resignation of Mr. Gaylord as CEO. Gaylord Entertainment started controversial changes in Nashville's bastions of country music in 1992, as layoffs of Grand Ole Opry regulars were announced.

Layoffs included alumni of Hee Haw such as Roni Stoneman, reigning queen of one of the royal families of country music, and one of the last of the true first generation country music stars, the Stonemans.

Gaylord Entertainment continued shocking the country music aristocracy, industry, and fans when they announced plans to destroy Opryland Themepark and build a new shopping mall, Opry Mills.

This move resulted in hundreds of permanent layoffs of Nashville professional musicians who made their livings playing Opryland each year, not to mention the termination of thousands of support jobs, and the collapse of the Outlet Stores shopping mall next to the extinguished Opryland Themepark.

Gaylord Entertainment built a new medium-rise corporate center next to the new Opry Mills mall and moved in. They started agressive growth programs in Internet startups and diversified entertainment holding such as publishing, production, and a record label.

Forecasting one year of losses when the new mall opened, actual year 2000 losses were four times projections, and Gaylord announced cutbacks and internal restructuring early this year. They also layed off most of their work force in the new corporate building on Briley Parkway.

Today we learned the Gaylord family quietly bought back their original family holdings from Gaylord Entertainment corporation, using their privately owned Oklahoma Publishing company as a vehicle, before Mr. Gaylord resigned as CEO of Gaylord Entertainment.

A new CEO and president team (business friends from Las Vegas) are on board at Gaylord Entertainment, following the dissolution of failed holdings and ventures, including their Internet experiments such as "Songs.com". The record label never even got off the ground.

BMI NEWS

BMI (Broadcast Music, Inc.) announces it has signed alliances with SACEM (France), GEMA (Germany), SIAE (Italy), and SGAE (Spain). This means any of your works playing in these countries have royalty earnings paid directly to you on your BMI check.

This BMI alliance is a consortium of European rights organizations we are calling "FastTrack". FastTrack partners already represent over 40% of all the music royalty income in the world, making it the largest international copyright alliance by far.[BMI Message]

We are enthusiastic about this plan; our checks reflect SGAE and SAIE plays. BMI is also collecting Internet royalties from 2000 licensed sites, and revenues are flowing smoothly in on BMI checks. In other words, urge your record label to send your CD and songs to all the Internet webcast sites.

McClure & Trowbridge Publishing works global markets aggressively. We are forging new alliances and fostering growth throughout the Americas and Australia as well as Europe and Southeast Asia.

BMI has signed agreements with more than nineteen performing rights organizations, which together cover the vast majority of the world's repertoire.[BMI Message]


Cordially,

George McClure, President
McClure & Trowbridge Publishing


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