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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....
...Corporate records show that Swiss-registered Paramount SA entered voluntary liquidation earlier this month. Troost founded Paramount SA in 2017....
...Warner Music chief executive Robert Kyncl said in February that music had been chronically “undervalued” compared with its counterparts in streaming television....
...“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....
...Disney, Warner Brothers Discovery and Fox said they will pool their live sports programming into a comprehensive streaming service....
...It was the second smash hit record in three years by the Tennessee country singer....
...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....
...The deal is a big win for Warner Bros and Liberty, which acquired All3Media in 2014 for £550mn....
...But it is likely to be closely watched, given Disney’s unhappy record on succession planning....
...It comes after an extended period of negotiation between TikTok and leading record labels, who have been demanding improved terms from the Chinese-owned platform, including a share of advertising revenue...
...The circuit is seeking to lure investment at a time when valuations in Formula One have soared to record highs....
...Building on our organisations’ track record in attracting investment into addressing the UK’s social challenges, while generating a financial return, we propose four measures to unlock more private investment...
...The NCAA men’s basketball tournament, also known as March Madness, generates $870mn in annual revenues from its broadcast agreements with Paramount’s CBS and Warner Brothers Discovery....
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
.... ★★★☆☆ ‘Saviors’ is released by Reprise/Warner Records...
...“ValueAct Capital has a record of collaboration and co-operation with the companies it invests in, and its co-CEO Mason Morfit has been very constructive in the conversations we’ve had over the past year...
...It’s hard to tell where PinkPantheress is coming from, which is a spur to keep listening. ★★★★☆ ‘Heaven Knows’ is released by Warner Records UK and 300 Entertainment...
...Under Zucker’s watch, CNN reached record ratings during the charged Donald Trump presidency....
...Hybe this year failed to acquire SM Entertainment, the K-pop record label behind boy band EXO and girl group Aespa....
...Shares in its European rival Airbus, meanwhile, are at record highs as the company has been able to capitalise on the resurgent demand for new planes from airlines....
...CNN has been in a state of tumult after last year’s abrupt exit of Jeff Zucker, its longtime leader who had helped the network reach record ratings during Trump’s presidency....
...Cardinale with former CNN boss Jeff Zucker and an Abu Dhabi investment group, agreed to buy All3Media, the London-based TV and film production company behind Fleabag and Squid Game: The Challenge, from Warner...
...Given Thompson’s record, many believe he will be allowed a greater degree of independence than Licht....
...They point to high executive salaries and the companies’ long-term records of profitability as evidence that they can afford to pay up....
...The longtime chief executive of Warner Bros Records made a name for himself through astute signings — among his success stories were Frank Sinatra, Joni Mitchell, the Red Hot Chili Peppers and Madonna....
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