Universal Music Group CEO Lucian Grainge was in bullish form late on Friday as in the wake of his company's acquisition of EMI Music finally clearing EU and US regulatory hurdles.He talked with Billboard.biz about his company's new acquisitions, growing Capitol and EMI, and his disappointment at losing most of Parlophone.
Live Nation Entertainment, the world's largest concert and promotions business, would benefit from being taken private, according to the company's largest shareholder John Malone. His comments follow a report last month claiming Live Nation chairman Irving Azoff is considering taking the company private.
Netflix Inc's online video subscribers have not had access to movies distributed by Sony Corp Pictures Entertainment for four days, due to a dispute between the studio and its pay-TV partner Starz Entertainment.
An investor group including Activision Blizzard Chief Executive Officer Bobby Kotick is in final talks to take a controlling stake in News Corp's social network site Myspace, according to three people familiar with the matter.
Bids for a likely $3 billion buyout of Warner Music Group are in with the company's board for review over the next couple of days, according to two people familiar with the process. A winning bidder is expected to be announced on Friday.
According to reports, final buyout bids for Warner Music Group are due on Monday (May 2), and the company could be sold by the end of the week in a deal valued at over $3 billion. The third round of bids are led by two competing financial groups Len Blavatnik's Access Industry and a joint bid by Tom and Alec Gores' Platinum Equity and Gores Group.