NY Issues Scathing Report As UMG Settles Payola Probe For $12M.
Universal Music has settled it’s portion of a payola probe by NY Attorney General Eliot Spitzer for $12 million which will distributed to charities. This leaves only Sony BMG the. Continue reading
WMG Steps Out In Front In Asia
During a keynote at the Asia Pacific Music Forum, WMG head Edgar Bronfman extolled the virtues of the new partnership with S. Korea’s SK Telecom which is designed to explore. Continue reading
Two Analysts Downgrade WMG: Report & Commentary
Two Wall Street firms downgraded Warner Music Group stock with Citigroup citing several scenarios that could send WMG’s stock falling. Pali Research feels that speculation surrounding the EMI-WMG merger is. Continue reading
EMI To Up WMG Bid. Counteroffer Seen Possible.
The UK press is reporting that EMI is going to up it’s offer for the Warner Music Group from $4.23 million to $4.4 million also upping the percentage of cash. Continue reading
WMG Reports Loss Yet Bronfman Sees No Case For EMI Merger Rebuffing Analysts Views Of $250-300 Million In Savings
Warner Music Group head Edgar Bronfman on EMI’s attempt to buy WMG: "Consolidation for consolidation’s sake doesn’t make a lot of sense. Our’s is not a business that requires scale. Continue reading
EMI + WMG = $300 Million In “Cost Benefits” + Global Synergies
An analysis by Bear Stearns shows that connecting EMI and Warners Music Group could net $300 million in "cost benefits" making a merger rather than a buyout desirable. (more @. Continue reading
Amid The Buyout Talk A Bit Of Humor Courtesy Of The Warner Music Group
Hits is reporting that "WMG’s Lyor Cohen is back on the warpath. Angered that several Atlantic local promo men had been approached by Universal Republic to switch sides, the bellicose. Continue reading
EMI + WMG: Analysts & The Markets Weighs In
EMI’s stock fell 3.1% on the London Stock Exchange as traders showed their concerns over the deal. One Merrill Lynch analyst who likes the combined companies calls it a "merger. Continue reading
EMI Reportedly Ups WMG Bid To $5 Billion. Issues Statement.
UPDATE – Some sources are reporting that EMI’s offer for WMG was upped last night to $5 billion making it unlikely that Warner investors would not force the sale. Others. Continue reading
WMG Rebuffs Intial $4.23 Billion EMI Offer. Merger Still Likely…But Does It Matter?
REPORT & COMMENTARY: EMI offered to buy Warner Music on Monday for $4.23 billion and were rejected. In a prepared statement EMI said that "Warner informed EMI that it did. Continue reading
