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...The deal comes as Warner and the other major labels, who combined control two-thirds of the music market, have been buying up independent record companies....
...Obermann, a former Warner Music executive who joined TikTok in 2019 to lead its negotiations with the big music labels, has been at the forefront of the talks....
...Google, Universal Music and Warner Music declined to comment....
...The Warner Bros movie studio created a music division in the 1950s. In 2004 parent company Time Warner sold the music division, but the group retained its copyrights to a trove of songs....
...“Universal Music, Sony and Warner need to maintain revenue growth in order to keep investors happy. So you start looking for non-organic growth,” said Midia analyst Mark Mulligan....
...“The SEC made this law that a minority shareholder can run for the board of directors and I’m a shareholder of the Warner Music Group and I wanted to take advantage of it,” Carvello told the FT last month...
...In 2004 parent company Time Warner sold the music division, but the group retained its copyrights to a trove of songs, such as the soundtracks to the Batman films....
...Bank of America has had a go at estimating how much The Tortured Poets Department, Swift’s latest album, is worth to Universal Music Group, her record label since 2018....
...Warner gets just 7 times. Buying Paramount as a single enterprise will prove expensive for a bidder, given the debt. The muddled structure warrants a less ambitious strategy of buying it in parts....
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...The major record labels — Universal, Sony and Warner — earn money by taking a cut of revenue from streams and album sales from a stable of thousands of musicians....
...At the turn of 2023, the head of the world’s largest record company called for a new royalties model for streaming, to combat the rise of what he referred to as “noise”....
...Hybe this year failed to acquire SM Entertainment, the K-pop record label behind boy band EXO and girl group Aespa....
...Danny Cohen, the former director of the BBC’s TV output, said the group would also consider larger acquisitions in Hollywood, pointing to the 2011 takeover of Warner Music for $3.3bn as a template for his...
...A needle scratches, the music stops and they stare blankly: clearly not....
...(The FT has reported before about the Twitter board being sued a few years back for settling quickly with Elliott, a deal that included a convertible bond offering to private equity group Silver Lake that...
...Thompson, who started out as an editorial trainee at the BBC more than four decades ago, will lead CNN’s business and also act as “editor-in-chief” for the news network, parent company Warner Bros Discovery...
...Warner board member....
...Zaslav, chief executive of Warner Bros, and John Malone, the cable billionaire and Warner board member....
...Results: Entertainment group Warner Bros Discovery is expected to update investors on its streaming plans when it reports quarterly earnings later today....
...Five unmissable stories this week GLG RIP: Robyn Grew is making her mark as the new CEO at Man Group, retiring the GLG brand — one of the best-known in the industry — and merging some teams together....
...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....
...On behalf of 17 music publishers including Sony Music Group and Universal Music Publishing Group, the National Music Publishers’ Association filed a suit in the federal district court of Nashville alleging...
...kicks off bidding war for French music group Believe (FT) Prada’s Patrizio Bertelli on plans for €1bn retail investment (FT)...
...Shares in the group jumped as much as 18 per cent early on Thursday, a day after the company also announced plans to raise prices for basic and premium subscribers in the US, UK and France, effective immediately...
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