Is Business Really This Bad? Epic Records Sells $75 T-Shirts
Has the CD business really gotten so bad that Epic needs to sell its logo t-shirts for $75? Don’t believe us? Click here. Some of us are old enough to. Continue reading
Warner’s Bronfman Sits Down With BusinessWeek
Warner Music Group CEO Edgar Bronfman, Jr. sat down for an interview with BusinessWeek. The highlights: On a proposed EMI takeover – Consolidation for [its own] sake does not make. Continue reading
Fan Photos Enhance 30 Seconds To Mars iTunes Bundle
Click on the image to enlarge. Virgin act 30 Seconds To Mars asked fans to submit photos to be included in digital liner notes for it’s new single and turned. Continue reading
87 Pages Of Damaging Emails From NY’s UMG Payola Probe
Earlier today we reported on Universal Music’s $12 million settlement of the NY state payola probe. Now we’ve got our hands on 87 pages of emails and letters from the. Continue reading
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
