Major Labels

Amazon To Enter Crowded Download Market With MP3 Only Store

Late last week Amazon began circulating contracts to labels aiming for a late 1st Q ’07 music download store launch.  Rumors of an Amazon entry have been circulating all year,. Continue reading

Bruce Houghton on 12/18/2006 in Indie Music | Permalink | Comments (21)
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Industry Legend Ahmet Ertegun Dies

Legendary Atlantic Records executive Ahmet Ertegen has died following complications suffered from  a fall at a recent Rolling Stones concert celebrating Bill Clinton’s birthday. He was 83. The latest generation. Continue reading

Bruce Houghton on 12/15/2006 in Major Labels | Permalink | Comments (1)
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EMI Rejects Bid. Stops Negotiations. Buys Out Japanese Partner.

EMI which has been in serious talks with investment firms about a buyout has ended. negotiations according to a state from the company this morning: "… EMI today announces that. Continue reading

Bruce Houghton on 12/14/2006 in Major Labels | Permalink | Comments (1)
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EMI Sale Action Heats Up. Could WMG Still Be A Player?

According to the London Sunday Times PERMIRA, the private-equity group is still trying finish a deal to acquire EMI. There are no guarantees they will succeed and a number of. Continue reading

Bruce Houghton on 12/10/2006 in Major Labels | Permalink | Comments (0)
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EMI Shares Rise As Buyout Seems Close

The UK Times call is "the deal of the decade". EMI Group shares climbed after the Wall Street Journal reported this morning that the world’s third-largest record label may be. Continue reading

Bruce Houghton on 12/08/2006 in Major Labels | Permalink | Comments (0)
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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

Bruce Houghton on 12/08/2006 in Major Labels | Permalink | Comments (1)
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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

Bruce Houghton on 12/07/2006 in Major Labels | Permalink | Comments (0)
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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

Bruce Houghton on 12/05/2006 in Major Labels | Permalink | Comments (1)
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EMI To Reject Bid

EMI will reject a recent bid by private equity firm Permira of $4.92 billion as too low. (Reuters UK)

Bruce Houghton on 12/04/2006 in Major Labels | Permalink | Comments (0)
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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

Bruce Houghton on 12/01/2006 in Major Labels | Permalink | Comments (2)
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