Peter Kafka

Recent Posts by Peter Kafka

QOTD: Universal Music Gets Ready To Sing the Layoff Blues

“A lot of fat can be taken out without hurting muscle and bones.

Vivendi Universal CFO Philippe Capron, confirming long-rumored plans to start another cost-cutting round at the conglomerate’s Universal Music Group unit, the world’s largest music company. Layoff chatter started as soon as Vivendi put Lucian Grainge in charge of UMG earlier this year.

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”