News

On May 23, the Juilliard School of Music announced the selection of 18 instrumentalists who will form the core of the newly-created Juilliard Jazz Orchestra. As orchestra members, the musicians will benefit from tuition-free study at the school's recently established Juilliard Institute for Jazz. The creation of the institute—a collaboration of the Juilliard School and the "Jazz at Lincoln Center" program—is an indication that the prestigious institution is further acknowledging the importance of jazz, an indigenous American genre that many critics have called "the classical music of the 20th century."

It was 15 years ago this week that an enthusiastic John Atkinson was lured From London to Santa Fe to take the helm of Stereophile. As JA recounted back in 1986, "From London, England, to Santa Fe, New Mexico, is a pretty big jump, both geographically and culturally. From Hi-Fi News & Record Review to Stereophile, however, is a mere hop; the similarities overwhelm the differences."

Two scuttled mergers in the past year haven't damaged the profit picture for EMI Group PLC. Neither has a global slowdown in music sales. EMI announced May 22 that it expects to see a 5.7% increase in pretax profits for its fiscal year ended March 31: £259.5 million (US $374 million), up from £245.4 million (US $353 million) a year earlier. EMI's sales for the year rose 12% to £2.67 billion (US $3.84 billion).

The Secure Digital Music Initiative has decided to reconfirm San Diego–based Verance Corporation's watermarking technology as its choice for inhibiting piracy in digitally recorded music. The May 21 announcement was made by the SDMI Plenary after a year-long campaign to evaluate the effectiveness and audibility of watermarks from 14 different vendors. The group has also apparently decided to halt further research and development efforts, which have been widely blamed for hobbling the rollout of DVD-Audio.

Cirrus Logic has initiated cutbacks in its workforce and other cost-reduction moves that are expected to save as much as $12 million annually. The Austin, TX–based semiconductor company stated May 15 that the measures are part of a general restructuring of its business model, in which its magnetic storage chip business will be de-emphasized in favor of its semiconductor business. Cirrus is the parent company of Crystal Semiconductor, maker of many high-performance digital audio chips.

Many small classical record labels are facing an uncertain future in the wake of a decision by Tower Records to put three classical distributors on buying hold. News of the decision, and discussions about its ramifications, have circulated on the Internet after an internal memo was leaked on May 1. The memo from company headquarters ordered store buyers at all 113 Tower stores in the US not to purchase from Allegro, Harmonia Mundi, and Qualiton, until receiving further notice. The three distributors represent dozens of small independent jazz and classical recording labels.

The Home Entertainment 2001 show, held in New York City May 11–13, 2001, received high marks and a standing ovation from show attendees, who came to experience some of the most innovative and exciting consumer electronics products in decades.