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...The private equity group is in advanced talks with US media groups Warner Bros Discovery and Liberty Global to acquire All3Media in a deal worth about £1bn, according to several people familiar with the...
...BMG is the world’s fourth-largest music label — but lags far behind the top three “majors”, Universal, Sony and Warner. The company earned revenues of €905mn in 2023, up 4.5 per cent year on year....
...This is the first time in the streaming era that Universal has gone as far as removing its music from a tech company’s platform....
...In spite of his father’s role atop the music industry, the 29-year-old Elliot Grainge recently criticised major record labels, telling the Los Angeles Times that they are “a conveyor belt” whose power has...
...Join our online book group on Facebook at FT Books Café and subscribe to our podcast Life & Art wherever you listen...
...“We didn’t think that we’d be profitable this fast,” he told the Financial Times. “We’re at the beginning part of the journey....
...The 35-year-old Levin was proclaimed “our resident genius” by Andrew Heiskell, Time Inc’s chair, according to Fools Rush In, Nina Munk’s book about the AOL-Time Warner merger....
...Rural Hours: The Country Lives of Virginia Woolf, Sylvia Townsend Warner and Rosamond Lehmann by Harriet Baker Allen Lane £25, 384 pages Join our online book group on Facebook at FT Books Café and subscribe...
...Paramount trades at an enterprise value/ebitda multiple of 11 times (assuming its debt is worth 100 cents on the dollar). Warner gets just 7 times....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a sports streaming service later this year that will aggregate the games offered by the media groups’ traditional television networks....
...Warner’s net debt stood at $43bn at the end of September, or 4.1 times its earnings before interest, tax, depreciation and amortisation, while Paramount had $14bn in net debt, or 6.1 times its ebitda, according...
...Warner Bros Discovery shares fell 19 per cent on Wednesday for their biggest daily drop since March 2021 after the entertainment group warned investors it was “unlikely” to meet its goals for paying off...
...Big entertainment groups including Warner, Paramount and Disney have been on a cost-cutting mission as they try to shrink losses running into the billions of dollars from their video streaming services....
...The terms of the Warner-Discovery merger barred the group from dealmaking for two years. That period expires on April 8....
...Warner Bros Discovery shares were on course for their biggest daily drop in a more than a year after the entertainment group warned investors that it was “unlikely” to meet its debt payment goals....
...Mattel and Warner collaborated with more than 100 brands to create a flow of positive third-party social media mentions....
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...When telecoms company AT&T acquired HBO parent Time Warner in 2018, the network’s longtime chief Richard Plepler left after clashes with new management....
...Xiaohongshu or “little red book”, China’s answer to Instagram, has made its first profits as advertising and ecommerce revenues ramp up....
...It is on its way to shrinking its leverage ratio from 4.6 times currently to under 3 times over the next 18 months....
...Clip by Warner Brothers. Read a transcript of this episode on FT.com...
...s Berkshire Hathaway sold 10mn Apple shares in the last three months of 2023, cutting into a position that the so-called Oracle of Omaha has called one of the “four giants” that account for most of his group...
...Cloistered: My Years as a Nun by Catherine Coldstream Chatto & Windus £20, 352 pages Join our online book group on Facebook at FT Books Café and subscribe to our podcast Life & Art wherever you listen...
...Perhaps this spate of historical books will also embrace Africa in time — few books have done justice to its rich, influential and ancient history....
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