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4:08pm
Warner chief sees no barriers to EMI tie-up
...analysts said it had capacity to bid for EMI Music, its rival’s recorded music division.“They are marching towards a...much debt Citigroup tries to allocate to EMI Music in a sale, industry observers...increases, introduced mid-recession in April 2009, “could not have come at a worse... By Andrew Edgecliffe-Johnson in New York
October 24, 2008
Terra Firma sees no ‘quick fix’ for EMI
...Terra Firma said 88 per cent of EMI Music artistes made no money for the company, the group lost £125m on new music in the year, and some salaries had been...market rates. Terra Firma added that EMI Music had shipped 20 per cent more compact...returns of unsold CDs hit 50 per cent in April and May of last year. One former... By Andrew Edgecliffe-Johnson in New York and Salamander Davoudi in London
March 25, 2009
EMI's high-profile digital chief departs after less than a year
...hired amid great fanfare by EMI Music to head its digital division...Merrill's appointment last April was seen as a coup for the troubled music company, which had struggled...and rampant online piracy. EMI declined to comment on the...revenue. During his time at EMI, Mr Merrill relaunched the website as a service to sell music to consumers. The label markets... By Salamander Davoudi
March 24, 2009
Digital chief leaves EMI after less than a year
...hired amid great fanfare by EMI Music to head its digital division...Merrill’s appointment last April was seen as a coup for the troubled music company, which had struggled...years ago and parent company of EMI, to concentrate on investments...revenue. During his time at EMI, Mr Merrill relaunched the group...website as a service to sell music to consumers. The label markets... By Salamander Davoudi
August 7, 2009
Warner Music looks to digital to ease decline
...struggled to persuade consumers to pay for music on their computers. Warner's total...iTunes, its industry-leading digital music store. Analysts had been uncertain that...much impact since coming into effect in April, but Mr Bronfman told analysts it was...speculation about a combination with EMI. Mr Bronfman said regulators were "probably open" to consolidation in recorded music, which would offer increased margins... By Andrew Edgecliffe-Johnson in New York
May 31, 2007
Apple iTunes starts to sell unrestricted music
...the move. ■ Separately, Sony/ATV Music publishing, the joint venture owned...Jackson, has acquired Viacom's Famous Music for $370m in the company's first deal...New York. Martin Bandier, who built EMI's music publishing business into the industry's largest but left to run Sony/ATV in April, struck a deal with Viacom for its music... By Matthew Garrahan in Los Angeles
June 4, 2009
Vevo video site seeks advertising investors
Vevo, the planned online music video service announced by Universal Music and YouTube in April, is seeking outside investment from...large record label on Wednesday. Sony Music Entertainment, the second largest of...used on other sites. Warner Music and EMI have yet to commit to Vevo and, like... By Andrew Edgecliffe-Johnson in New York
March 3, 2006
US government questions online music pricing
...four largest music companies – Universal Music Group, Warner Music, Sony BMG and EMI – that they planned to explore their...of anti-competitive practices in the music download industry.” She declined to...computer maker expire, beginning in April. Other companies, such as Rhapsody... By Joshua Chaffin in New York
January 6, 2009
Apple brings in variable pricing on iTunes
...system on the world’s largest digital music store. Apple will allow music companies to offer older tracks for 69 cents...Variable pricing is expected to begin in April. A third agreement will allow iPhone...which are highly profitable for the music groups. Apple began removing digital...pricing was not immediately disclosed. EMI, the UK music group, agreed to drop DRM... By Andrew Edgecliffe-Johnson in New York
March 8, 2005
Warner Music pressing ahead with IPO plans
...underwrite the offering, they added. Warner Music is believed to be seeking to raise about...the extraordinary turnround in Warner Music's fortunes since it was bought by Mr Bronfman's group for $2.6bn in April last year. A public offering was first...last September after cost savings at the music company proved to be much higher than...February after a profit-warning from EMI, the world's third-largest music... By James Politi and Aline van Duyn in New York