Allen & Co.

  1. SESAC Refinances Debt to Cut Interest Payments

    April 08, 2014 9:38 PM EDT SESAC, the privately held performance rights organization, is reshuffling its debt to achieve cost savings in interest payments, according to a report from Moody's Investors Services. The refinancing will see SESAC take on $5 million more in ...

  2. YouTube Confirms Vevo Deal

    July 02, 2013 8:22 PM EDT Google Inc.'s YouTube on Tuesday confirmed that it has a renewed its agreement with Vevo, a music video and content distributor owned by Universal Music Group, Sony Music Entertainment and Abu Dhabi Media Group.  In addition to retaining ...

  3. Gil Friesen, Longtime A&M Exec and Film Producer, Dead at 75

    December 14, 2012 2:29 PM EST Longtime A&M exec Gil Friesen died yesterday at his home in Los Angeles after a prolonged battle with leukemia. Known as a charismatic and impeccably dressed man of many interests, he spent 31 years at A&M and was, along with founders Herb ...

  4. Vevo vs. Google: Universal, Sony and the Latest Moves in the Chess Game

    July 12, 2012 5:41 PM EDT Vevo's future business arrangements are looking a bit cloudy, as reports this week suggest that the company's deal terms with Google are again in play , and that Universal is re-examining its stake in the company in the relation to UMG&# ...

  5. Vevo Seeking to Raise $100-$150 Million for Overseas Expansion

    July 07, 2012 1:02 PM EDT Vevo is seeking to raise new equity financing in connection with plans to expand its operations overseas, according to reports late Friday in the Wall Street Journa l and Los Angeles Times . The company "is close to" retaining investment ...

  6. Google, Facebook Mulling Investments in Vevo (Report)

    May 31, 2012 7:15 AM EDT Online giants Google and Facebook are looking at a potential investment in online music joint venture Vevo that could be part of a broader advertising partnership with the music service, the New York Post reported Thursday. Quoting sources, the pa ...

  7. Vevo's Numbers Climb in First Quarter With Facebook Integration

    May 24, 2012 1:15 PM EDT Vevo's new redesigned homepage with Kanye West. (Screenshot) Vevo's integration with Facebook, part of its design launched in March , appears to have helped increase usage at both Facebook and Vevo.com, according to numbers shared by the ...

  8. Business Matters: Is Vevo Considering An IPO?

    May 23, 2012 4:42 PM EDT Is Vevo Considering an IPO? -- Vevo is seeking new investors to help fund its international expansion, according to reports at Sky News at the Financial Times. A report by Sky News claims the company has hired investment bank Allen & Co to loo ...

  9. Dick Clark Fortune Estimated In 'Hundreds of Millions'

    April 19, 2012 9:38 AM EDT LOS ANGELES (AP) -- Dick Clark married music and television long before "American Idol." But his legacy extends well beyond the persona of the laid-back host of "American Bandstand" whose influence can still be seen on TV today ...

  10. SESAC for Sale, Owners Seeking $500 Million: Report

    February 15, 2012 8:45 AM EST SESAC's owners, which include investment bank Allen & Co. and hedge fund Och-Ziff, are seeking approximately $500 million for performing-rights organization, according to the New York Post . The organization has hired Goldman Sachs to sho ...

  11. EMI Publishing Goes to Sony, Label to Universal

    November 11, 2011 10:34 AM EST In yet another surprise during a week of head-spinning rumors and negotiations , Citigroup this morning announced the completion of the sale of EMI's recorded-music operation to Vivendi/Universal Music Group, ahead of its pending announcement ...

  12. Read: Citigroup and Vivendi's Statement About Universal Music's Purchase of EMI's Recorded Music Division

    November 11, 2011 10:00 AM EST Below is the official statement circulated today about Universal Music's purchase of EMI's recorded-music division. For Immediate Release November 11, 2011 Vivendi and Universal Music Group (UMG) to Purchase EMI Music London, Paris, New ...

  13. Report: Myspace Bidding Starts Wednesday, Music Unit Planning New Products

    April 04, 2011 11:48 AM EDT Myspace and parent company NewsCorp will give interested bidders for the struggling social networking site access to its financials and other details beginning this Wednesday, according to a report in AllThingsD . While reports of "talks" ...

  14. Sun Valley Confab Kicks Off

    July 06, 2010 12:00 AM EDT Entertainment industry power players have descended on Sun Valley, Idaho, for the annual post-July 4 tradition known as summer camp for moguls. Several hundred media and tech execs, financial types, agents, lawyers and assorted sports, entertainme ...

  15. Uphill Battle: Startup Beyond Oblivion Has Its Work Cut Out

    April 28, 2010 12:00 AM EDT Other than its ambition, little is known about Beyond Oblivion, the digital startup that received a $10 million investment from News Corp. A piece at The Financial Times explains it promises to combat piracy (PR speak for “we understand people don ...

  16. Two Case Studies: Primary Wave, Bug Music

    March 06, 2008 12:00 AM EST Two independent publishers are finding opportunities by exploiting areas that the major publishing companies are neglecting. In fact, those holes were big enough to inspire Larry Mestel and his partners to form Primary Wave Music Publishing in Jan ...

  17. P2P Gets $10 Million Investment

    April 16, 2007 12:00 AM EDT Intent MediaWorks has raised $10 million in Series B funding from Greycroft Partners, SoftBank Capital, Bertelsmann Digital Media Investments (BDMI) and Allen & Co. The Atlanta-based company specializes in ad-supported peer-to-peer distributio ...

  18. Report: Google In Talks To Buy YouTube

    October 06, 2006 12:00 AM EDT Deal estimated at $1.6 billion. Internet search leader Google Inc is in talks to buy popular Web video site YouTube Inc. for close to $1.6 billion, the Wall Street Journal reported on Friday, citing a person familiar with the matter. According to ...

  19. WMG To Acquire Rykodisc

    March 24, 2006 12:00 AM EST Deal believed to be valued at $67.5 million. The Warner Music Group is on the verge of signing an agreement to buy Rykodisc, sources say, in a deal believed to be valued at $67.5 million that is expected to close at the end of April. Rykodisc, whi ...

  20. HOB Makes About-Face On Sale Of Concert Arm

    April 13, 2005 12:00 AM EDT Trojan: division pulled off the block. The concert division of House of Blues Entertainment is now off the block, Billboard.biz has learned. HOB CEO Greg Trojan informed employees of the live-entertainment company yesterday (April 12) that a sale ...

  21. MusicGremlin Gets Funds

    March 01, 2005 12:00 AM EST MusicGremlin Inc., a New York-based developer of direct-to-device wireless music technology, says it has completed a Series B venture capital funding round led by media investment bank Allen & Com NEW YORK -- MusicGremlin Inc., a New York- ...

  22. MusicGremlin Gets Funds

    February 25, 2005 12:00 AM EST MusicGremlin Inc., a New York-based developer of direct-to-device wireless music technology, says it has completed a Series B venture capital funding round led by media investment bank Allen & Com MusicGremlin Inc., a New York-based develo ...