ULY 27, 1968 SEVENTY -FOURTH YEAR $1.00 yL/LL . The 7 International Music -Record oar evy,pely Finley Quits ITCC Cap. Develops MGM Shifts ito To Form New Co. Mono Pre -Pak. Pye in Britain By LEE ZHITO By MIKE HENNESSEY NEW YORK -Larry Finley Smalley also is board chairman LONDON - MGM Records meeting among Nasatir, Old - FSor ummer field; Ken East, managing di- resigned as president of Inter- of Dextra Corp. which holds a has ended its U. K. manufactur- and national Tape Cartridge Corp. majority interest in ITCC. LOS ANGELES Capitol ing and distribution agreement rector of EMI Records, - EMI sales director John Frewin (ITCC), and formed a new NAL will be active in various has developed mono pre -pack with EMI and lined up with firm, North American Leisure Louis Benjamin's Pye Records. at MGM's London headquarters. leisure time fields, Finley said, albums as a marketing device to know Corp. Omega Equities Corp. is stimulate extra summer business. Announcement of the switch Later, East said, "We and initially will concentrate on that MGM is not satisfied with acquiring 55 per cent interest of the tape cartridge industry was made by MGM's London NAL with Finley retaining 45 The company has been pack- managing director Rex Oldfield the amount of penetration it has which he helped pioneer. The aging its monaural stock in achieved into the British market per cent. new firm, jointly owned by on Thursday night (18), eight Jim Elkins, who joined ITCC packs of 50 pop albums and 25 hours after EMI had issued a and so after discussions there Omega Equities and Finley, country albums, utilizing titles was a mutual decision to end two months ago as a vice- presi- marks the second time in as statement saying it would no dent, will assume Finley's post. by all the major artists, from longer be distributing MGM the agreement." many weeks that Omega has the Beatles to Buck Owens. EMI took over manufacture Finley said he is resigning from moved into the music business. product in the U. K. ITCC, the company which he Merchandise being returned The deal with Pye was con- and distribution of MGM prod - founded three years ago, due to As reported exclusively by on a dollar- for -dollar credit to- cluded Thursday evening be- (Continued on page 4) policy differences with ITCC Billboard, Omega bought the ward stereo product by retailers tween Mort Nasatir, presi- board chairman, Earl Smalley. (Continued on page 70) is also being repackaged to an dent of MGM Records, Inc., extent. This return program Rex Oldfield and Louis Ben- ends Aug. 31. jamin. It became effective Fri- Pocketdisc Kahl Zeros in on 'Targets Retailers around the country day (19). selling pre -packed titles are us- Oldfield said, "MGM has Vending Set ing a $1.49 -$1.59 scale, accord- reached agreement with Louis By ELIOT TIEGEL Of Opportunity' for Morris ing to national sales manager Benjamin, managing director of John Jossey. The pre-packed LOS ANGELES The By MIKE GROSS Pye Records, to manufacture - material is being sold on a first and distribute and sell MGM Americom Corp. has formed NEW YORK - Phil Kahl, firm's owner, bought their mu- come, first served basis, with and its associated lines, Verve, Pocketdisc Vending, Inc., to who took over as vice- president sic publishing interests as well Jossey reporting good reaction Verve-Forecast, Music Factory, manufacture machines for the of Edwin H. Morris Music a as Diamond Records. Kolsky is to the idea from the field. VSP and material from other dispensing of the company's little more than two months now running the record opera- Bob Yorke, vice -president of U. S. labels, Heritage and Ven- 331/2 speed 37/8- inch-wide single. ago, has charted the entire spec- tion as executive vice -president the distributing corps, is credited ture in the U. K. All administra- Ownership of the new company trum of the music business as of Edwin H. Morris Music. with launching the program, tive details and changeover of is split three ways, reports Amer - the company's "targets of op- In Kahl's estimation, there which is linked to the mono re- stock will be completed by icom's president Fred Hyman, portunity." Kahl has been min- are virtually hundreds of stand- turn campaign. The company Aug. 1." with shareholders including Hy- ing the firm's standard catalog ards in the Morris catalog that has internally obligated itself to This is the first time that Pye man's firm, Consolidated Dis- for adaptability to the contem- are ready for a revival in a selling off a certain number of Records has undertaken a dis- tributors, the ABC -owned or- porary vein; set the recording contemporary sound framework. mono pre -packed albums. Al- tribution deal for any company. ganization and Lou and Herb ball rolling on the scores from "These songs," he says, "are un- (Continued on page 4) The deal with Pye followed a (Continued on page 4) two upcoming Broadway shows; known to today's young audi- lined up new writers for the ence and if given a proper treat- Morris stable; begun action in ment, they could emerge as the film music field; set his eyes fresh material for the youth on a Morris move -in on Nash- market." Kahl is now in the ville, and mapped out plans for process of making demonstra- an expansion in Europe. tion records for selected catalog Kahl and his brother, Joe material. The demo disks are Kolsky, moved into the Morris being produced with an accent orbit when Buddy Morris, the (Continued on page 4) DGG Stones LP Brings Pop, Classical Closer By FRED KIRBY NEW YORK -Classical and inspired album will be a work pop music are getting closer to- blending avant garde electronic gether with the planned release music, full symphony orchestra of a Deutsche Grammophon and the Rascals. The world performance inspired by the premiere performance of Rolling Stones. The composer "Groovin/Do You Feel It?" by of "Muses of Sicily," Hans Charles Morrow was recorded Eddie Harris, riding high with two hit LP's on Atlantic, "The Paul Revere and the Raiders, featuring Mark Lindsay. Making Werner Henze, predicts a full Electrifying Eddie Harris" (1495) and "Plug Me In" (1506), wedding of the two apparently "live" by Atlantic Records. (See front -page news with their chart- breaking single, "Don't Take review now has a smash single, "Listen Here" (2487). The disk is diverse forms in the future. in Talent Section.) breaking all over the country and is well on its way to being It So Hard," 4 -44553 on Columbia Records. (Advertisement) Another planned rock - (Continued on page 30) one of the top instrumentals of the year. (Advertisement) (Advertisement) t AA. .Is, *dltotik, 1!ikil!*tHtMY THE HIT ALBUMS ON °A ATLANTIC IA ATCO: ATCO IRDN BUTTERFLY VANILLA FUDGE THE IMMORTAL OTIS REDDING, IN- A- GADDA -DA-VIDA, Atco 5D 33 -250 RENAISSANCE, Atco SD 33.244 Atco SD 33 -252 What happens when a hit maker like ED AMES gets together with this kind of song? You get a great new Victor single. o `ALL MY LOVE'S '- LAUGHTER". c,w "I'll, Stay LonelY -9589 And here's Ed's new Victor album: LPM /LSP -4028 Available on RCA Stereo 8 Cartridge Tape RC,' ! IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIt . A CAPITOL BOWS London Bow 6 Executive Turntable NON -SLIP DISKS Alan W. Livingston resigned last di- week as president and LOS ANGELES Non -slip rector of Capitol Industries, Inc., and chairman - Albums in Autumn singles will be introduced by of the board of Capitol Records. Glenn E. Capitol Aug. 1. The singles have NEW YORK -- A 46 -album kicked off on Monday (29) Wallichs, board chairman and chief executive a small ring of notches around fall program was previewed for with a series of conferences be- officer, was elected to Livingston's post. Living- the labels. The notches interlock London Records' staff of home tween London staffers and in- ston, who gave differences in policy with the one record to another when office album sales executives dividual distributors, including and promotion directors of Capitol Industries as his reason for stacked. These notches are and district managers at Cava- their own sales (18). In- personnel. Four other late July resigning, joined the record company Jan. 1, somewhat raised and therefore naugh's on Thursday priced sets releases, including a new Engel - 1946, develop children's Livingston can grip the smooth surface on eluded were specially to records. non -serrated record also. and sales incentives. bert Humperdinck album on LIVINGSTON said he will remain in his office as long as it a The program will be officially Parrot, also were included in took to clean up matters. He said he had no Illlllillllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll the presentation. immediate plans. In 1948 Livingston was made Three of the 32 classical al- director of album repertoire. In 1949 he was bums included in the program named album vice-president, and in 1951 was Transamerica Holds are specially priced, while an- appointed a &r vice -president. Livingston re- other, Berlioz's "Symphonie mained in that post until 1956 when he left to Fantastique" by Ernest Anser- and L'Orchestre de la Suisse join NBC -TV as West Coast programming vice - met 1st National Meeting Romande, includes a bonus re- president. He returned October, 1960, as crea- hearsal LP. A prepack with one tive services vice -president and in 1961 was WALLICHS LOS ANGELES -The first B. Cook, Billboard's publisher, each of the low -price 25 Stereo promoted to president of Capitol Records and elected to its national convention of Trans - discussing the record industry Treasury Series albums is part board of directors.