EU Will Probe Universal Deal To By BMG Publishing
EU regulators have opened an antitrust probe of Universal Music Group’s plans to buy BMG Music Publishing for about $2.1 billion, saying the deal could damage "the already concentrated. Continue reading
More Activity EMI As Execs Summoned To London
HITS writes: "…there’s word from inside the company of a sudden flurry of activity, with various executives being summoned back to London and staffers being told to cut back dramatically. Continue reading
RIAA Petitions For Lower Songwriter Royalties
The music business is changing in many fundamental ways and that has given the RIAA and member labels an opening to ask a panel of copyright judges if they can. Continue reading
Only $13 Million From Kazaa Kept WMG Profitable
Warner Music Group yesterday reported net income for the last quarter of $12 million, or 8 cents a share. Sales fell another 5.6% to $854 million for the quarter ending. Continue reading
Unviversal’s Morris Hypes The Markets: ’07 Will Be “Best Year Ever”
Despite a general malaise hovering of the record industry powerful label veteran Doug Morris predicts that his Universal Music Group will have a banner year in 2007. "I think that. Continue reading
Musical Chairs Continues At Major Labels
Just in case you were sitting there wishing you had a job at a major label, here’s part of an email announcing a new edition of the A&R Registry: "Twenty-nine. Continue reading
Is EMI Experimenting With MP3’s?
I was poking around the net last night when I noticed that EMI was offering the pre-sale of an unrestricted mp3 by Lily Allen. The pre-order also smartly includes: immediate. Continue reading
Who Is Trying To Buy EMI?
I got this short and somewhat cryptic press release from EMI this morning: EMI Group plc (‘EMI’ or the ‘Company’) has noted the recent movement in its share price. . Continue reading
Hilburn Interviews Universal’s Iovine
Universal Music head Jimmy Iovine sat down recently with former LA Times music critic Robert Hilburn for an extensive interview. Iovine is portrayed as a frenetic executive who puts music. Continue reading
Chinese Court Deals Blow To Major Labels
A Beijing court has ruled that China’s leading Internet search engine Baidu.com was not guilty of property rights infringement when they posted links to sites offering illegal music downloads. The. Continue reading