Warner-EMI At Long Last?
With private equity group Terra Firma reportedly writing down nearly all of its investments in EMI, analysts speculate that Warner Music Group could make a bid to acquire the music publisher and record...
View ArticleDigital Sales Surge At Warner Music
Domestic recorded music digital revenue for the record label’s fiscal 2009 (ended Sept. 30) topped $419 million, or 35.6% of total domestic Recorded Music revenue, up from $388 million or 28.1% of...
View ArticleReport: Citigroup Lining Up EMI Buyers
U.K. paper The Observer reports that Citigroup has approached private equity firms in the U.S. and Sweden, as well as Warner Music over purchasing EMI. The move is said to be in response to concerns...
View ArticleWarner Signs Digital Deal With eMusic
Digital music subscription service eMusic is rumored to be up for sale, according to various reports, but that hasn’t stopped it from signing licensing deals. This morning, eMusic announced an...
View ArticleWMG Posts Growth In Digital, International Businesses
Warner Music Group posted a narrower-than-expected first-quarter loss as a 12% jump in international recorded music sales helped overcome declining demand for CDs in the U.S. and elsewhere. Digital...
View ArticleAnother Major Label Signs On For Facebook Music Store App
Warner Music Group has licensed its full catalog of music for use in WaTunes’ new Facebook application, which essentially lets the social network’s users purchase digital music through a full-fledged...
View ArticleApple’s Prospective Streaming Service Is Music Industry’s MacGuffin
The more label execs deny knowledge of what Apple intends to do with Lala, the more analysts convince themselves that the music business is headed toward an access-oriented, digital-distribution...
View ArticleWMG To Sell Songs Via App Publisher Tapulous
In a deal with Warner Music Group, the publisher of the “Tap Tap Revenge” game app will release four premium games featuring WMG artists, while selling downloadable tracks from the label. Tapulous says...
View ArticleMTV Selling Ads On YouTube, As Parent Companies’ Court Battle Continues
While Viacom prepares to appeal a federal court’s dismissal of its infringement suit against Google, Viacom unit MTV Networks is preparing to sell digital ads for Warner Music Group on the label’s...
View ArticleClassical Labels Taking Another Look At Lossless Downloads
Sony Music is planning to open an online store within Apple’s iTunes this fall to sell “lossless”-quality downloads of classical albums, AllThingsD reports. The three other major label groups are...
View ArticleWarner’s Digital Music Biz Slows; Bronfman Optimistic About ‘Mobile Space’
As Warner Music Group reported a loss for its sixth consecutive quarter, the company said its digital business — which now accounts for 27% of total revenue — grew by just 2% (via WSJ). But CEO Edgar...
View ArticleWarner Music Shakes Up Executive Ranks
With the departure of Tom Whalley, who has served as Chairman and CEO of Warner Bros. Records since 2001, Warner Music’s label group announces a restructure of its senior executive team. Rob Cavallo —...
View ArticleEMI Owner Mulls Its Next Move
Citigroup successfully defended itself in a New York federal court last week against Guy Hands’ accusations that the banking firm’s misrepresentations led Hands to overpay for EMI. Now Terra Firma,...
View ArticleDigital Now 40% of U.S. Music Market for Warner; Downloads Flat with Last Year
Digital products now account for 40% of Warner Music Group’s domestic recorded music revenue, though the U.S. market for downloads plateaued during the company’s fiscal 2010 (ended Sept. 30). Domestic...
View ArticleReport: Warner Music Mulls Sale Or, Alternatively, EMI Bid
Warner Music Group has hired Goldman Sachs to seek potential buyers for the publicly-traded record company, even as it continues to explore the possibility of acquiring fellow major label group EMI,...
View ArticleDigital Comprises 37% of WMG’s U.S. Recorded Music Revenue in Calendar Q4
Warner Music Group attributed the modest growth in digital revenue during its fiscal first quarter (ended Dec. 31, 2010) to strength in global markets for music downloads and streaming, despite...
View ArticleFive Suitors for Warner Music in Second Round of Bidding
A decision on the future of Warner Music Group could come as soon as the end of March, reports the Los Angeles Times, citing a source familiar with the bidding process for the music company. Bidders...
View ArticleLive Nation Bids for Warner’s Recorded Music Unit
Concert ticketing and promotions giant Live Nation has submitted a bid for Warner Music Group’s recorded music operations, inviting new speculations about the industry’s further development of...
View ArticleWarner Music Group Sale Could Be Worth $3.3 Billion
Access Industries, the conglomerate led by billionaire investor Len Blavatnik, is close to a deal with Warner Music Group to purchase the world’s third-largest record company, according to The Wall...
View ArticleAccess Industries To Acquire Warner Music; Next Steps for the Company?
Warner Music Group Corp. and Access Industries, the U.S.-based industrial group, today confirmed a definitive merger agreement under which Access Industries will acquire WMG in an all-cash transaction...
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