WMG To Pay 9.5% On $1.1 Billion In New Notes
PLUS HOW EDGAR & LYOR CAN HELP SAVE WMG $230 MILLION AND STILL KEEP THEIR JOBS Last week the Warner Music Group surprised analysts by selling twice the number of. Continue reading
More Trouble At EMI? Terra Firma Dumps In Another $45 Million
Financial statements released earlier this month by EMI pointed to a turnaround for the major label group. The company admitted to being hit by an industry-wide 10% sales downturn, but. Continue reading
Warner Music Grabs $1.1 Billion. Will $’s Finance Another Bid For EMI?
Investors scooped up a whopping $1.1 billion in new debt securities issued by the Warner Music Group (WMG). This more than doubles the expected $500 million haul that the WMG. Continue reading
Frustrated With EMI, Danger Mouse & Sparklehorse Release A Blank CD-R
Dark Night Of The Soul with Danger Mouse, Sparklehorse & David Lynch (Updated) Upset by a lack of support from label EMI for his new "Dark Side Of The Soul". Continue reading
Warner Music Offers $500 Million In Secured Notes
Is the company worth another $500 Million? Late on Monday The Warner Music Group announced that its subsidiary, WMG Acquisition Corp. will offer $500 million in new senior secured notes. Continue reading
Sony CEO: “We Could Have Beaten Apple”
"Sony hasn't taken open technology very seriously in the past. Its CONNECT music download service was a failure. It was based on OpenMG, a proprietary digital rights management (DRM) technology….. Continue reading
Sony Sues EMI Over Failed Deal With New North Amercian COO Ron Werre
VS. UPDATED (2): Sony Music is suing EMI alleging that executive Ron Werre had used them as a "stalking horse" to obtain his promotion last week to Chef Operating. Continue reading
Seeqpod Saga Continues
A downed Seeqpod may be farther from relaunching than CEO Kasian Franks had hoped. Microsoft is interested in buying some of Seeqpod's assets form Chapter 11 as Hypebot reported Friday.. Continue reading
EMI Names Werre & Kassler As COO’s
EMI Music has appointed Ronn Werre and David Kassler as Chief Operating Officers. They will oversee EMI’s operations in 32 countries. Based in Los Angeles, Werre will oversee all of. Continue reading
EMI Gains Strength Thanks To Cost Cuts And Currency Fluctuations. Digital Gains Left Vague.
While the numbers lack the specificity of a public stock filing, figures released by privately owned EMI point to a turnaround for the major label group. Driven in large part. Continue reading
