Award shows and their after parties are definitely feeling the effect of the shitty economy!
In fact, several insiders are already complaining of the scaled-down and lack of record company parties after the Grammys.
Warner Bros. has reportedly cut back on their celebrations.
One insider says, “Sony BMG may do a little bash for 100 people, but it’s nothing on the scale of what they used to have. And if Universal does decide to do something, it will be really haphazard and last-minute.”
If there’s one party to go to, it seems it’ll be EMI’s after bash. They’ve gotten seven nominations for Coldplay and a few for Lady Antebellum, as well as Katy Perry‘s nod. The source adds, “It makes a little sense that they├óΓé¼Γäóre doing a bash, but the rest of it feels like more record company death of the world.”
A rep for Sony BMG said “In this economic climate, it’d be inappropriate to have a big gala. We├óΓé¼Γäód prefer to funnel right into artists directly.”
Nice thinking.