The Daily Swarm

UPDATE: Deadline Hollywood:

So let me get this straight: first there’s no report of irreplaceable damage at the Universal Studios vault, then I find out there’s musical history destruction because of a rental agreement with Universal Music, and now execs it’s only “a little” and not a problem. Funny, because my insiders insist it’s a BIG problem. Universal Music claims that over the past year it had been moving master recordings of its “big name” musical artists to the giant Iron Mountain, Pennsylvania vault—the same one used by Bill Gates and Microsoft. What was left, Universal Music contends, was only “more obscure artists from the ‘40s and the early ‘50s.” My final thought: the public may never know the truth.

Billboard reports…

Contrary to online reports, “thousands of original recording masters” from the Decca, MCA and ABC labels were not destroyed in a fire on the Universal Studios lot in Los Angeles over the weekend.

Earlier: Nikki Finke:

…inside the video vault that was billowing thick black smoke were 1000’s of original Decca, MCA, ABC recording masters from the last century including a wide range of music from Bing Crosby and the Andrew Sisters to Judy Garland and The Carpenters. “This is a tremendous loss in music history. A very sad day indeed….