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Warner Music and private equity group Cerberus have explored a two-stage bid for U.K. music group EMI, the Sunday Telegraph reported, without citing any sources.
Terra Firma's $6.4 billion offer for U.K. music group EMI, received approval from top shareholders Wednesday, according to the Financial Times.
Vivendi's Universal Music won conditional approval from the European Commission on Tuesday to buy BMG Music Publishing for 1.63 billion euros ($2.19 billion), making it the world's largest music publisher.
Warner Music plans to offer EMI shareholders $197 million (100 million pounds) if its current offer is blocked by regulators, in an attempt to make its bid for the U.K. music label more attractive than rival private-equity bids, the Sunday Times of London reported.
British music group EMI, home to Robbie Williams and Coldplay, said on Friday it had received anumber of takeover approaches, after a report that private equity firm One Equity Partners had joined the list of suitors.
Wow! Talk about a busy earnings season. I haven't had much time to breathe lately, which explains the lack of blogs these past several days. The financial flurry has been non-stop and right now is the first chance I've gotten to catch that long-lost breath. And it gives me an opportunity to focus on Microsoft, which reports after the bell today.The Street is looking for 46 cents on $13.89 billion in revenue.
EMI Group, which issued two profit warnings earlier this year, said on Wednesday it expected full-year EMI Music revenues to be down 15 percent and has suspended its dividend payments.
Internet radio broadcasters were dealt a setback Monday when a panel of copyright judges threw out requests to reconsider a ruling that hiked the royalties they must pay to record companies and artists.
Some of the world’s most popular music artists will perform in an unprecedented, global 24-hour concert event to raise funds and awareness to combat global warning, the event’s executive producer told CNBC’s Bill Griffeth on “Power Lunch.”
The Beatles' Apple Corps company has settled a royalties dispute with record label EMI, the two companies said Thursday, raising hopes that Beatles recordings may soon be legally available online.
The European Commission confirmed Tuesday it had opened an antitrust probe into the way Apple's iTunes sells music online in coordination with major music companies.
Steve Jobs did it with iPod. Steve Jobs did it with iTunes. And now he's doing it again with EMI. "It" is turning the music industry on its ear.
There's a rumor going around the web that GE's NBC Universal (GE is the parent company of CNBC) is going to take interactive television to the next level. The idea is that after watching a show like friends you could go onto NBC.com to vote on what should happen in the next show.
EMI Group and Bertelsmann have reached a settlement on litigation stemming from the German media company's investment in music file-sharing software company Napster, the two companies said Monday.
Paul McCartney was introduced as the first artist signed to Starbucks' new record label, lending an iconic nameplate to the coffeehouse giant's latest entertainment venture.
Austin's a renowned live music mecca, which is no doubt why it became the home to South by Southwest (SXSW) the annual indie music festival. But it's not just where indie bands come to be discovered and hipster kids come to rock out, it's also the destination for music industry folks to sort out the future of a challenged business. Appropriately for the industry transformed by the ability to download songs over the internet, the music fest is preceded by an Interactive festival.
Vivendi's Universal Music has offered major sell-offs to win Brussels' approval for its purchase of BMG Music Publishing, creating the world's largest music publisher, a source familiar with the case said.
British music and books retailer HMV issued a profit warning on Tuesday as it announced a three-year plan to cope with tough competition from supermarkets and Internet retailers.
Warner Music Group said on Wednesday any takeover offer it might make for Britain's EMI Group would probably be all cash.
British music company EMI Group announced Tuesday it has received an approach from Warner Music Group that could lead to a possible takeover. But EMI said it had not received any firm acquisition proposal.