ACCESS INDUSTRIES

  1. Beats Music Raises $60 Million in Funding

    March 11, 2014 2:51 PM EDT Beats Music has raised a second round of funding of aproximately $60 million, according to a source familiar with the deal. The money comes largely from current investors, including Jimmy Iovine, Dr. Dre and Access Industries with the cash bein ...

  2. Eminem, Diddy, Ice Cube Among Legendary Hip-Hop Line-Up Playing Tonight's Beats Music Launch Party

    January 25, 2014 2:00 AM EST Billboard and THR have learned that Eminem will be performing at tonight's Beats Music launch party along with a constellation of primarily old school hip-hop luminaries that includes, Ice Cube, Sean "Diddy" Combs, Geto Boys, Metho ...

  3. Beats Electronics Receives Reported $500 Million Investment From The Carlyle Group

    September 27, 2013 1:01 PM EDT Beats Electronics LLC (Beats), the audio brand co-founded by Dr. Dre (Andre Young) and Interscope Geffen A&M Chairman Jimmy Iovine, today announced that the Carlyle Group had agreed to make a minority investment in the company. Though terms ...

  4. Warner Music Group Closes on Acquisition of Parlophone Label Group

    July 01, 2013 12:03 PM EDT Warner Music Group, the major label acquired by Len Blavatnick and Access Industries in 2011, has completed its acquisition of the Parlophone Label Group from Universal Music Group in a deal announced in May . The deal was closed for £487 milli ...

  5. Analysis: With Warner, Beats and More, Is Len Blavatnik Building a New Media Empire?

    March 06, 2013 7:32 PM EST Len Blavatnik’s Tuesday announcement of his $60 million investment in Beats Electronics’ forthcoming music service Daisy is just the latest in a string of deals that are starting to fill in a bigger picture around the billionaire’s broader am ...

  6. Morning Fix: Mike Easterlin Named Fueled By Ramen GM; Jay-Z's Live Album; Simon Fuller's Parlophone?

    October 08, 2012 8:33 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. MIKE EASTERLIN NAMED GM OF FUELED BY RAMEN: The shockwaves of big executive moves keep on rolling. Mike Easterlin, head of promotion at Roadrunner Records , has been named ...

  7. Deezer Raises $130 Million: Report

    October 06, 2012 7:40 PM EDT The oft-criticized freemium business model still has the support of investors. Paris-based music subscription service Deezer has raised $130 million from Access Industries, parent company of Warner Music Group, and previous investor Idinvest, acco ...

  8. Lyor Cohen and Warner Music Group: What Are the Next Moves? Insiders Weigh In

    September 28, 2012 4:04 PM EDT Below is the story "Lyor Mulls Next Move" -- an in-depth look at the options facing Lyor Cohen who this week stepped down as CEO of WMG's recorded music and how WMG may fill the vacancy -- from this week's edition of Billboard ...

  9. Lyor Cohen Stepping Down as Warner Music Chairman/CEO

    September 24, 2012 6:01 PM EDT Lyor Cohen, Chairman/CEO of Recorded Music for Warner Music Group, is stepping down from his post effective September 30, the company announced today. He had been at Warner since 2004, beginning as Chairman and CEO, US Recorded Music in March of t ...

  10. Warner Music's Edgar Bronfman Jr.: Steve Jobs Got the Best of Us

    January 31, 2012 10:06 PM EST The iTunes Store is great. But in the negotiations between music executives and Apple CEO Steve Jobs, the latter certainly came out on top, according to Warner Music Group chairman Edgar Bronfman, Jr. "If you look at the market cap increase i ...

  11. Billboard Power 100: Len Blavatnik

    January 27, 2012 10:00 AM EST No. 8 Len Blavatnik Owner Warner Music Group Twitter: @warnermusic The Owner... Len Blavatnik has a distinction that no one else in the world can claim: He's the only person who owns a major-label group. Even Terra Firma's Guy Hands had ...

  12. IMPALA Issues Statement on EMI Sale

    January 26, 2012 10:40 AM EST As the date approaches for regulatory statements on the sale of EMI and MIDEM begins this weekend, IMPALA has issued a statement on the sale. In November, hortly before the sale, IMPALA called for the European Commision to intervene on its behalf. ...

  13. Record Label Shake Ups, Sales Make For A Tumultuous Year In The Music Industry

    December 08, 2011 7:55 AM EST With the sale of Warner Music Group, the planned sale and breakup of EMI Group and the installation of new management at each of the three surviving majors, 2011 was a year of seismic shifts in the major-label landscape. The rumbles began immediat ...

  14. BMG's Purchase of Bug Music Finds It Closing in on Majors

    September 16, 2011 2:17 PM EDT There's been a persistent rumor about BMG Rights Management, the music publishing joint venture between German media giant Bertelsmann and private-equity firm Kohlberg, Kravis & Roberts: If it doesn't succeed in acquiring the publish ...

  15. Read Edgar Bronfman, Jr.'s Internal Memo To WMG Staff On Stephen Cooper Being Named CEO

    August 19, 2011 3:33 PM EDT Dear Colleagues: As Warner Music Group begins its next chapter, well-positioned for some truly exciting and unprecedented opportunities, I am pleased to announce we are adding a new member to our management team: Steve Cooper. Effective today, Ste ...

  16. Warner Music Spain Acquires Newiscom

    August 12, 2011 1:09 PM EDT Warner Music Spain has acquired Madrid-based Newiscom, the events production/marketing agency, as part of its strategy to diversify revenue sources for its local acts and touring international artists. The acquisition, for an undisclosed amount, m ...

  17. Higher-Than-Expected Bids for EMI Group Could Favor Strategic Buyers--Including the Other Majors

    August 05, 2011 11:42 AM EDT With the first round of bids in for Citigroup's auction of EMI Group, the higher-than-expected levels of the bids suggest that strategic suitors--including the other major-label groups--may have a leg up on other bidders. Sources say at lea ...

  18. EMI: High Bids Put Strategic Buyers -- Including Other Majors -- in the Lead

    August 05, 2011 10:53 AM EDT With the first round of bids in for Citigroup's auction of EMI Group , the higher-than-expected levels of the bids suggest that strategic suitors-including the other major-label groups-may have a leg up on other bidders. Sources say at least ...

  19. Business Matters: The Real Story in Warner Music's Earnings Report: Diversity, Digital Growth

    August 04, 2011 5:26 PM EDT The Real Story in Warner Music's Earnings Report: Diversity, Digital Growth Two things get the headlines in coverage of Warner Music Group's fiscal third quarter ended June 30: Spotify and LimeWire. But dig deeper and you'll find fa ...

  20. Access-Warner Music Investor Documents Reveal New Roles for Edgar Bronfman Jr., Lyor Cohen

    July 21, 2011 4:29 PM EDT In taking over control of Warner Music Group , Access Industries, as expected, is putting its own people in place on the company's board of directors. Stephen Cooper, a board member at one of the companies that Access Industry has invested in ...

  21. Business Matters: Clear Channel's Personalized Radio Service Due In September

    July 11, 2011 8:15 PM EDT Clear Channel's Personalized Radio Service Due In September -- Pandora is going to get a new competitor this year -- and it's not Spotify. Clear Channel is bringing out the big guns later this year for the debut of its personalized Inter ...

  22. Business Matters: Games Top Mobile Apps Category, Music Fifth

    July 06, 2011 6:19 PM EDT Gaming Tops Mobile Apps; Music, Not So Much -- Games are the most popular category of mobile apps but music isn't too far behind, according to new figures released by Nielsen. Game apps have been used by 64% of app downloads in the previous 3 ...

  23. EMI: Who's Lining up to Buy It?

    June 22, 2011 4:01 PM EDT While EMI announced earlier this week that it is exploring strategic alternatives that will see the company either sold, go public or be recapitalized, the betting is that the major will be put up on the auction block as the first option. Citigrou ...

  24. How Top Warner Music Execs Are Cashing in on Acquisition, and What a Completed Deal is Worth to Them

    June 22, 2011 2:01 PM EDT Warner Music Group's two top execs, Edgar Bronfman Jr. and Lyor Cohen, have already cashed out of stocks and will enjoy large golden parachutes when the company's acquisition by Access Industries is complete. If the recommendation of gov ...

  25. Business Matters: Digital Album Sales Way Up in 2011 (Thanks Adele!); More Shareholders Sue WMG

    May 24, 2011 5:19 PM EDT Thanks Adele: Digital Album Sales Way Up in 2011 -- Led by Adele's hit "21", this year's best selling new albums are putting up great digital numbers. The top 5 digital albums have sold 1.81 million units through May 15, accord ...

  26. Warner Music Group Passed Up Higher 'Conditional Bid' to Go With Blavatnik's Access Industries

    May 20, 2011 9:06 PM EDT Showing beyond doubt that investor interest in the music industry remains strong, the Warner Music Group auction brought out 17 interested parties before 10 wound up submitting bids , according to a proxy statement filed with the SEC today. In the ...

  27. Michael Fleisher Leaving Warner Music Group

    May 20, 2011 4:25 PM EDT After helping to sell it, Warner Music Group Vice Chairman of Strategy and Operations Michael Fleisher is leaving the company. Fleisher was the main executive at WMG overseeing the auction that resulted in a $3.3 billion bid from Access Industries ...

  28. Warner Music Group's Latest Quarter Aims to Justify its $3.3 Billion Price Tag

    May 10, 2011 12:39 PM EDT Warner Music Group posted relatively upbeat results for its second fiscal quarter on Tuesday, less than a week after the company agreed to be acquired by Access Industries for $3.3 billion . The results were a glimpse into the reasons why Access w ...

  29. Sale of Warner Music Group Means Less Financial Transparency in Music Business

    May 06, 2011 4:22 PM EDT While insiders don't expect many major operational changes stemming from Access Industries' acquisition of the Warner Music Group , the move certainly means less transparency in the music industry and the loss of the only publicly traded ...

  30. It's Official: Access Industries to Acquire Warner Music Group for $3.3 Billion

    May 06, 2011 9:49 AM EDT Access Industries' winning bid for Warner Music Group will pay $8.25 per share in an all-cash deal, according to a joint press release issued Friday morning. The deal is for both Warner's recorded music and publishing divisions. Shares o ...

  31. Live Nation Puts In Bid For Warner Recorded Music

    March 31, 2011 4:59 PM EDT Live Nation, the concert and ticketing company, has put in a bid for the Warner Music Group. The emergence of Live Nation as one of the bidders for the Warner Music Group brings to three the number of strategic players involved in the auction. But ...

  32. Blavatnik Resigns From WMG Board

    January 18, 2008 12:00 AM EST Len Blavatnik has resigned from Warner Music Group's board of directors. Blavatnik has served as a WMG director since March 2004. He told the company his executive responsibilities at Access Industries and travel schedule would prevent his co ...

  33. WMG, Sony BMG Launch Digital Platform In Russia

    June 28, 2007 12:00 AM EDT Warner Music and Sony BMG, along with two Russian record labels, launched a wholesale digital distribution platform in Russia on Thursday, a market dominated by piracy across the entire entertainment industry. The two majors said they had formed a ...