Hints and tips:
...Smart reads The sound of money Music’s most infamous dealmaker Merck Mercuriadis is raising billions from investors to amass a mega collection of hits....
...A series of deals struck between insurers and pension schemes at companies including EMI Music Group, Philips and InterContinental Hotels added up to the highest quarterly value of such transactions on record...
...EMI was broken up after a protracted sale process, with Vivendi’s Universal Music Group buying most of its recorded music business and a Sony-led consortium acquiring EMI’s music publishing division....
...Warner Music has appointed Rob Wiesenthal, a Sony executive known as a music industry dealmaker, to a new role designed to bolster its position in future rounds of consolidation such as Universal Music’s...
...The bank, which had never managed to syndicate its loans to others, has agreed to sell EMI in two pieces, to Universal Music and a Sony-led consortium....
...and Roger Faxon oversaw EMI Music and EMI Music Publishing....
...When Citigroup took control of EMI from its private equity owner Terra Firma last year and sold its music publishing business to a group led by Sony, much of the finance came from GSO, the credit arm of...
...plans to buy EMI’s music publishing business....
...Content was king, they said: but digital publishing was to be dominated not by Time Warner, EMI or Columbia Pictures, but by Apple and Amazon....
...In November it invested as part of consortium in EMI, the music publisher....
...We do not encourage originality by conferring windfall gains on the Disney Corporation, EMI, Citigroup, and the Picasso estate....
...Now, with Apple Corps’ parent company EMI deep in debt, the two have reached a deal. Its importance goes beyond two corporations burying the hatchet....
...However, MySpace, which is owned by News Corporation, has yet to agree a deal with Merlin, which represents independent labels and 9 per cent of the US digital-recorded music market....
...Whether a deal was done would be “as much around will as it is around value”, Bronfman noted, without saying whether or not EMI was willing....
...EMI is already discussing a partnership with MySpace, the social networking site that is owned by News Corporation....
...EMI, the music company, has received multiple bids. Even in the youthful internet media industry there is pressure for consolidation, with talk that Microsoft will buy Yahoo....
...International independent music labels have grouped together in a deal that enables them to start selling tunes on MySpace, the social networking website owned by Rupert Murdoch’s News Corporation....
...EMI, the London-quoted music group, is the latest to show private equity the door....
...Independent on Sunday ■Fears are increasing that more than 2,000 staff could lose their jobs if EMI and Warner Music, the music groups, merge....
..."We value business education," says Eric Nicoli, chairman of EMI, the UK-based music group, who, as an outsider to the company, joined EMI from United Biscuits, where he had been chief executive....
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