Tuesday, April 06, 2004

VICTORIA BRINGS TELSTAR CRASHING DOWN: Telstar's big adventure - attempting to spin a 'proper' record label out of a Ronco-cum-KTel style compilation outfit - seems to be over, with the label going in to administration. The company made a loss of GBP8.5m in 2001, the last year for which accounts were available, and since then stuck out Victoria Beckham's clunking solo material, which has been expensive and often unreleasable. The label's other bright move - signing the Cheeky Girls and trying to desperately keep them going long after they'd passed the 'Best Before' date and had turned green and slightly runny - has outweighed their smarter actions, such as signing Mis-Teeq and The Hives.

Mr. Pickwick is rumoured to be reconsidering his plans to approach Kylie Minogue.


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