Hints and tips:
...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....
...“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...
...With interest rates at record lows in recent years, and streaming reviving the music industry, private equity groups and large institutional investors have piled into the copyrights market....
...The record label behind singers Lizzo and Dua Lipa on Wednesday said it was offering $535m in debt for “potential acquisitions of certain music and music-related assets”....
...Sir Leonard Blavatnik has hired Robert Kyncl as the new chief executive of Warner Music, opting for a tech executive steeped in experience at YouTube and Netflix to lead the world’s third-largest record...
...That was a record for the US’s National Basketball Association, and almost double the $2.35bn the Brooklyn Nets fetched in 2019....
...Music Group Q2, Wynn Resorts Q1 Wednesday Google holds its annual Input/Output developer conference, featuring launches of new products and a speech from chief executive Sundar Pichai Stephanie Bruce...
...The Big Three record labels — Warner, Universal Music and Sony Music — are now competing to buy music assets with private equity groups as well as specialist investors such as Hipgnosis....
...For large music groups such as Warner, owning big catalogues helps justify their value — Warner’s market capitalisation stands at $22bn — and gain leverage over streaming services and social media companies...
...Warner Music, the third-largest record company that is home to most of Young and Mitchell’s work, has opted to oblige the removal requests....
...In an email to his record label, Warner Records, Young said Spotify “has a responsibility to mitigate the spread of misinformation on its platform”....
...One scoop to start: Warner Music and KKR-backed BMG are competing to buy Pink Floyd’s entire back catalogue for $500mn as the battle to acquire music rights heats up....
...Spotify’s four largest suppliers — Universal Music, Sony and Warner plus indie coalition Merlin — when combined make up about 80 per cent of its total streams, making their participation significant....
...The group is expected to report record profits of $950m in 2021 — up 150 per cent from 2017....
...The 53-year-old French DJ and producer behind hits such as “Titanium” and “Play Hard” is one of the younger musicians to cash in on soaring demand for music rights from private equity groups, record labels...
...well as shareholders in the other top musical publishing houses Sony Music and Warner Music....
...Suddenly, Universal had gained a sizeable edge over its remaining rivals Sony and Warner for control of the world’s most sought-after music....
...Warner’s rivals, Universal Music and Sony Music, have also struck joint ventures with Tencent as large western music groups look to break acts in China....
...Bidders including private equity groups, specialist buyers and music labels have battled for the catalogues of older established artists, whose music has enjoyed a new lease on life thanks to streaming —...
...Eventually, the bottom line was fattened up by labels Warner acquired: Elektra, an old folky standby that in turn acquired David Geffen’s Asylum Records, home to Joni Mitchell and Jackson Browne; Sire, Seymour...
...Warner Music Group, the Len Blavatnick-owned music label and publisher whose IPO was waylaid by the coronavirus pandemic, looks like it might finally get out of the gate....
...Set to stirring music, the promo video to celebrate the launch last week of Frontex’s first uniform is a 77-second microcosm of a profound change in EU migration policy....
...In 2011, Access Industries acquired Warner Music in a deal valued at $3.3bn, including debt. Warner Music’s labels include the namesake Warner Records, as well as Atlantic Records and others....
...Regardless of this, prospective public offerings from two of the big three record labels will provide a clearer sense of how much the music business is worth....
...One concert drew a record 12.3m live viewers and led to a fourfold increase in streaming of the artist’s latest music video....
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