Strong Reaction To European Union’s Annulment Of Sony BMG Merger
"Nobody expected this," one Sony BMG executive who requested anonymity told the LA Times. "If we had to, we could split the company. But it would be enormously expensive." "We. Continue reading
EU Could Separate Sony BMG. Markets Punish WMG & EMI.
The European Commission said today that it could break apart the music units of Sony and BMG after it reevaluates their merger. The commission cleared the merger in 2004, but. Continue reading
Chairman Nicoli Addresses WMG Merger And EMI’s Future
EMI Chairman Eric Nicoli gave an upbeat assessment of the company’s future during his address at the it’s annual General Meeting, "We remain confident that the global music industry has. Continue reading
THE FIRM LAUNCHES “ARTIST-EMPOWERING” LABEL BACKED BY EMI
Mega-managers The Firm announced today that it is launching a new "artist-friendly music company" distributed by EMI in the U.S. The company will split all profits with artists rather than. Continue reading
Bertlesmann Says It Will Not Sell BMG
German newspaper Frankfurter Allgemeine Zeitung reports that Bertlesmann financial chief Thomas Rabe has acknowledged that discussions were underway with Sony, but that the focus was "not about a disposal". According. Continue reading
At WMG The Rich Get Richer
Did you ever wonder who owns stock in WMG and therefore stands to profit the most from a possible sale to EMI? Thanks to Yahoo Finance and the Securities &. Continue reading
EMI & WMG Dance The Aquistion Dance Again But No Wedding Bells Imminent
UPDATED: WARNER MUSIC RELEASES IT’S OWN STATEMENT. "The WMG board agrees with EMI that there are potential merits in combining the businesses of WMG and EMI, but believes that a. Continue reading
Sony BMG’s Future In Bertlesmann’s Hands. EMI Seeks Partners In Publishing Bid.
Sony CEO Howard Stringer said today that the future of the Sony BMG partnership would be determined by how BMG parent Bertlesmann decides decides to repay its debt. "I don’t. Continue reading
Global Record Industry Drives A $100 Billion Market
International record industry trade group IFPI reports that global retail sales of recorded music totaled $33 billion in 2005. But the record industry is also the driver of a much. Continue reading
A&R Legend John Kalodner Retires
John Kalodner, the long-haired, bearded A&R legend responsible for discovering, signing and working with a wide array of artists while working at Atlantic, Geffen, Columbia and most recently Sanctuary, has. Continue reading
