T T LJ I Republic/Universal's Flaw Sees C R E a T O R O F a L
$6.95 (U.S.), $8.95 (CAN.), £5.50 (U.K.), 8.95 (EUROPE), Y2,500 (JAPAN) aw a zW MA!' THE INTERNATIONAL NEWSWEEKLY OF MUSIC, VIDEO, AND HOME ENTERTAINMENT, JUNE 22, 2002 BMG's Zomba Buy Sets Calder Free As BMG Absorbs Mandatory Deal, Industry Ponders Zomba Co- Founder's Plans BY GORDON MASSON Calder for more than 30 years, corn- ness," one former Calder associate LONDON-While the music industry ments, "I've always found it ex- notes. "Whatever he does next, I'm comes to terms with Zomba chair - tremely difficult to think of Clive not sure it'll be a phenomenal success." man/CEO Clive Calder's decision to sell doing anything. Having known him Calder was unavailable for com- out to BMG and the resulting mam- since the 1960s and having worked ment, but in a statement he said: moth payout, the most intrigu- "With its outstanding execu- ing part of the news for many tives and creative talent, Zom- lies in what the reclusive South SMG ba should add a lot of value to African plans to do next. With a Bertelsmann's music division, reputed $2.8 billion check soon BMG. While the exercise of heading his way from Bertelsmann's with him all those years, I can't this option will undoubtedly be a German headquarters in Gütersloh, believe he'll do nothing. But I don't surprise to many in the music Calder is not exactly in need of a job. have any idea what would be in his industry, this is a natural culmina- But those who know the man do not mind -I guess that's going to exer- tion of many years of close business believe he is about to simply retire.
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