Warner Music Group & KKR Preparing EMI Bid
KKR is said to be most interested in EMI's profitable publishing arm, and WMG has coveted the recorded music division for nearly a decade. Observers put the value of EMI Music Publishing at £1.2B ($1.8B US), but a sale price for the rest of EMI's assets is much tougher to calculate. Recorded music accounted for 55% of EMI’s £293M ($4.4M US) earnings last year before restructuring costs, but declining sales and a discontent roster of artists leave observers wondering how much the company will be worth in the future.
Warner Music has been trying to buy EMI for a decade or so. How is Warner chief Edgar Bronfman so sure it will go pass this time round? I wonder what the authorities advocating competition will say about this.
Constantine Roussos
.music
http://www.music.us
I’m sorry Constantine, I’m not trying to be confrontational here, but can you please name for me ONE authority that is currently advocating competition besides the internet?
bbb
http://wheatus.com