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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
February 13, 2009
The state of the UK’s pop music industry
...if so, might the British music business still have something...From Fame-style performing arts academy whose apparent stranglehold...incredible year for British music”. It’s true that with...Plant, Estelle, Coldplay et al at last week’s Grammys...to grips with getting more music than ever into the hands of...remaining major record companies (EMI, Warners, Universal and... By Ben Thompson
2:00am
Warner chief sees no barrier to EMI tie-up
...difficulties" in a way that strengthened the music industry.Yet auditors have expressed "significant doubt" about EMI's owner's ability to continue as...analysts said it had capacity to bid for EMI Music, its rival's recorded music division...much debt Citigroup tries to allocate to EMI Music in a sale, industry observers said... By Andrew EdgecliffeJohnson in New York
February 5, 2010
A concerto for beatbox
...likely to find her leading electronic music workshops and fronting experimental...minimalist confections. Her music invariably has an energetic beat...a kind of “arty son et lumière”, and “a dreadful...pretentious if I started claiming my music had lots of weighty origins...m kind of OK with that. Electronic pieces are quite easy to...
February 4, 2010
Doubt cast on survival of EMI
...to inject another £120m, subject to EMI Music producing a new strategic plan. He...confirmed that Terra Firma had asked EMI Music to provide a “revised strategic business...costs of £136m.Separate covenants on EMI Music and EMI Music Publishing require... By Andrew Edgecliffe-Johnson in New York and Salamander Davoudi in London
February 5, 2010
Debt woes drown out EMI’s chart success
...was throwing the biggest bash in town.EMI Music, led by chief executive Elio Leoni-Sceti...investment in EMI.Supporters point to EMI Music Publishing’s stability and improvements in EMI Music’s profitability after a crackdown on... By Andrew Edgecliffe-Johnson, Salamander Davoudi and Martin Arnold
February 4, 2010
Terra Firma / EMI
...asking them to push even more oxygen into EMI’s collapsed lungs. All parties no...about another £100m after admitting that EMI’s recorded music business will not be able to meet the...Maltby Capital, its acquisition vehicle for EMI, and avoid losing control of the company...
February 9, 2010
EMI chief stays young at heart
...Sceti , chief executive of struggling EMI, can find the time in between contract...credible business plan.While Guy Hands , EMI owner and private equity group Terra Firma...founder, scrambles to raise capital for the music group, Mr Leoni-Sceti is taking part...Leoni-Sceti may find it hard to forget EMI's problems, namely its possible equity... By Emiliya Mychasuk and Emiko Terazono
February 5, 2010
'Significant doubt' over EMI's viability
EMI's accountants have raised "significant...2bn ($6.6bn) investment in the music group behind Katy Perry and The Beatles...Maltby Capital, the vehicle that bought EMI just before credit markets collapsed in...already written down by 90 per cent.KPMG, EMI's accountants, highlighted the possibility...which two-thirds fell on the more stable music publishing arm which had accounted for... By Andrew Edgecliffe-Johnson in New York and Salamander,Davoudi in London
February 9, 2010
Electronic Arts predicts fall in sales
Electronic Arts on Monday presented a pessimistic outlook for the video game industry this year, predicting a fall in sales of disc...was assuming a 3 per cent fall in packaged goods game sales for the industry globally in its fiscal year starting in April.Its shares fell more than 8 per cent to $16.02 in extended trading in New York on the news.The stock of the second... By Chris Nuttall in San Francisco