Auction

  1. Concord Music Being Shopped to Private-Equity Firms, Not Strategic Suitors

    December 05, 2012 8:27 PM EST Reports that the Concord Music Group is up for sale are true, knowledgeable sources say. But there is one key factor that appears to have been overlooked thus far: management is controlling the company's sale process so far. Consequently, Con ...

  2. EMI Publishing Catalog Down to Four Suitors, One Bid Outstanding

    November 28, 2012 8:20 PM EST With one bid still outstanding, the auction to sell off a portion of EMI's publishing catalog is now down to four suitors. According to sources, those still in contention to buy the portfolio of songs -- dubbed the Rosetta catalog, which cont ...

  3. EMI Sale Intensifying As Citigroup Renews Negotiations With Sony, Gets Real With Universal

    November 09, 2011 7:13 PM EST In a turnaround from last week when nothing happened, Citigroup is not only making a renewed effort to sell EMI recorded music operations to Universal, but is also again actively engaging in discussions with Sony Corp., about EMI Music Publishing, ...

  4. EMI: Access/Warner Pulls Out of Auction

    October 30, 2011 9:28 PM EDT In an apparent game of brinkmanship, Len Blavatnik's Access Industries has pulled out of the auction for EMI's recorded music operation, sources confirmed to Billboard.biz, even though the company was said to be the front-runner in the b ...

  5. Updated: As EMI Auction Hits Home Stretch, Who's in the Lead? Depends Who's Talking ...

    October 27, 2011 3:00 PM EDT UPDATE Friday 6 p.m. ET : While it was widely speculated that there would be news about the status of EMI's auction today (October 28), the week is closing with negotiations still ongoing, sources tell Billboard.biz. The biggest hold-up revol ...

  6. Robbie Williams leaves EMI for Universal

    October 21, 2011 3:53 PM EDT Robbie Williams, one of the most successful artists on EMI, has left the company and signed with Universal for his next solo LP, according to the Financial Times and other online reports. "I'm really thrilled to be joining the Universal ...

  7. EMI: With Bids Low, Company Considers Whether to Split Up or Postpone Sale

    October 17, 2011 4:05 PM EDT While Citigroup is keeping all five known EMI bidders on the hook, it isn't yet actually conducting a formal third round of bidding with a deadline, sources tell Billboard.biz. Instead, they have been in touch with all bidders, asking them to ...

  8. EMI Auction: Second-Round Bids Are In, Questions Still Looming

    October 06, 2011 10:06 PM EDT With the second-round bids for EMI now in (as of Oct. 5), it will take a few days for clarity about the situation to emerge, sources say. Of course, Citigroup and EMI know what they have in hand, but bidders and their consultants are unsure of whe ...

  9. EMI Auction: Who's Got the Inside Track?

    September 30, 2011 4:30 PM EDT With the second-round, Oct. 5 deadline looming large in the EMI auction process, it sounds like the strategic bidders have the inside track, according to an informal survey of bidders, consultants involved in the deal and industry sources generall ...

  10. 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 ...

  11. 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 ...

  12. EMI: Who's Bidding? Nearly Everyone Who Bid for Warner Music Group

    July 28, 2011 6:00 PM EDT With the deadline for first-round bids in the EMI auction looming this weekend, sources say that many of the suitors who bid on Warner Music Group have also bid on the British major. While nearly a dozen suitors made bids for WMG, in an auction wo ...

  13. Bug Music For Sale Again

    July 20, 2011 7:42 AM EDT Bug Music, which was up for sale in an aborted auction last summer, is back on the block, according to sources. The auction is once again being run by JP Morgan Chase, and according to Bloomberg News, which broke the news. Bids are due next week. ...

  14. 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 ...

  15. 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 ...

  16. WMG Board Provides Eliminated Bidders With Company Data, Sources Say

    April 20, 2011 8:05 AM EDT The Warner Music Group (WMG) board of directors is not only willing to consider more bidders in the auction to sell the company, as reported yesterday by Billboard.biz, but has in fact left some of the supposedly eliminated bidders with access to ...

  17. Three Suitors Left In Running For Warner Music Group Auction, But Who Are They?

    April 13, 2011 6:56 PM EDT The Warner Music Group (WMG) is heading into a third round in the auction to sell the company, with three suitors still left in the running, sources tell Billboard. As first reported by the Wall Street Journal, the WMG board of directors has decid ...

  18. Warner Music Bids Due Today, New Contender Emerges

    April 07, 2011 5:14 PM EDT Bids are due today for the Warner Music Group in the auction being run by Goldman Sachs Group Inc. and AGM Partners LLC. According to CNBC , Ron Burkle's Yucaipa Companies reportedly leads the bidding with $3 billion, topping a reported $2.8 ...

  19. BMG Back In The Auction To Buy Warner Music Group, Sources Say

    March 22, 2011 7:50 AM EDT BMG, the Bertelsmann/Kohlberg Kravis & Roberts joint venture, got back onboard for the auction to buy the Warner Music Group, as first reported by CNBC , by bidding on the entire company this time around, sources say. Earlier in the first roun ...

  20. WMG Businesses Receive More Than 10 Bids in Auction

    February 28, 2011 7:00 PM EST The Warner Music Group has received more than 10 bids in the first round of the auction being conducted on its behalf by Goldman Bros., according to Bloomberg News , who quoted anonymous sources. Sony ATV and BMG, the Berteslmann/KKR joint venture ...

  21. Report: BMG, Warner Eyeing Chrysalis

    November 04, 2010 12:00 AM EDT BMG Rights Management and Warner Music Group are among the potential bidders for the Chrysalis Group, according to the New York Post. Chrysalis, which has a 100,000-strong catalog in its publishing division, confirmed this week that is having earl ...

  22. Terra Firma vs. Citi Day 2: Did Allegedly False Info Lead To Inflated EMI Price?

    October 19, 2010 12:00 AM EDT In the second day of the Terra Firma/Citigroup trial in New York, lawyers for the plaintiff tried to show how allegedly false information provided by Citigroup helped to stampede the private equity firm into paying an inflated price of 4 billion p ...

  23. JPMorgan Shopping Bug Music

    June 02, 2010 12:00 AM EDT Bug Music, which has about $26 million in net publisher's share, is being shopped through an auction process, according to sources. The company's proposed sale, first reported in this morning's New York Post , has already been throu ...

  24. Charity Auction To Give Winner Chance To Record With Switchfoot

    May 14, 2010 12:00 AM EDT Christian alt-rockers Switchfoot will offer one fan the opportunity to record a song with the band in their hometown of San Diego, Calif., as part of a charity auction to benefit StandUp For Kids. The auction will take place on May 28 at 12pm in p ...

  25. Billy Joel, Duran Duran Support Rockin' Relief

    April 24, 2009 12:00 AM EDT Australian animal welfare organization the RSPCA is almost $40,000 Australian ($28,616) better off thanks to the online music memorabilia auction Rockin' Relief, which closed April 22. Rockin' Relief raised a total of $39,661 Australian ...

  26. Michael Jackson Sues Auction House For Sale Plans

    March 05, 2009 12:00 AM EST Michael Jackson sued an auction house Wednesday to halt the scheduled sale of thousands of his personal possessions, an action the firm says caught it completely off-guard. The King of Pop's company, MJJ Productions, filed a lawsuit in Los An ...

  27. Circuit City Auction Canceled For Lack Of Interest

    December 17, 2008 12:00 AM EST Bankrupt electronics chain Circuit City Stores Inc did not receive enough bids on leases for stores it plans to shutter, forcing it to cancel an auction set for Thursday, a company spokesman said on Wednesday. Circuit City, the second-largest U.S. ...

  28. Beatles Reel-To-Reel Tape Sells For $23K

    August 06, 2008 12:00 AM EDT A newly discovered tape of the Beatles laughing and chatting during an early recording session has sold for about $23,000. Cameo Auctioneers said the reel-to-reel tape was recorded in 1964 and had recently been discovered by a man in northern Engl ...

  29. eBay Hosts Independents Day Auction

    June 09, 2008 12:00 AM EDT The Independents Day auction, mooted as the largest-ever sale of music memorabilia and experiences, has gone live on eBay. Items up for sale include a test pressing of the Arctic Monkeys sophomore album "Favourite Worst Nightmare," signe ...

  30. WMG Makes $25 Million Bid For Death Row Assets

    February 05, 2008 12:00 AM EST Death Row Records wants to sell its music-related assets, including the rights to recordings from rappers Tupac Shakur, Dr. Dre and Snoop Dogg, for $25 million to Warner Music Group Corp., subject to higher bids at an auction. The court-appointed ...

  31. Abbey Road Opens Doors For Rock Photo Auction

    December 27, 2007 12:00 AM EST London's celebrated Abbey Road Studios will host the third annual Sound & Vision music and photography exhibition and auction on Feb. 28. Proceeds from the auction will benefit the Cancer Research U.K. charity. Photographic works by the l ...

  32. Reports: Univision Music Group Begins Auction

    July 31, 2007 12:00 AM EDT The long-predicted sale of Univision Music Group appears one step closer, with the parent company reportedly starting the process of auctioning off the music division . Sources confirm to Billboard.biz that sales talks between Univision and major ...

  33. Viagogo Strikes Exclusive Gabriel Ticket Auction Agreement

    July 17, 2007 12:00 AM EDT Viagogo, the pan-European online secondary-ticketing service, has clinched an exclusive deal to auction ticket packages for Peter Gabriel's current tour. The auction will benefit a new charity the artist is backing, details for which will be ...

  34. EBay Jumps Into Auctioning Radio Ads

    June 06, 2007 12:00 AM EDT Online auctioneer eBay Inc. will begin auctioning advertising airtime on 2,300 participating U.S. radio stations. The company will partner with privately held Encino, Calif.-based Bid4Spots Inc., which has been hosting weekly online auctions of ra ...

  35. Rednex On Sale For $1.5 Million

    May 14, 2007 12:00 AM EDT In an unusual move, novelty Swedish pop outfit Rednex has put itself up for sale via the online auction site eBay . The Stockholm, Sweden band, best known for the international 1994 hit "Cotton Eye Joe", is listed with a starting bid pri ...

  36. RETAIL TRACK: COLD FEET AND BIGGER FOOLS

    November 25, 2006 12:00 AM EST Now that it's a moot point, it looks like Trans World Entertainment, rather than a consortium of buyers led by liquidator Great American, should have won the auction for Tower Records. Nearly a month Now that it's a moot point, it looks ...

  37. RETAIL TRACK: COLD FEET AND BIGGER FOOLS

    November 25, 2006 12:00 AM EST Now that it's a moot point, it looks like Trans World Entertainment, rather than a consortium of buyers led by liquidator Great American, should have won the auction for Tower Records. Nearly a month Now that it's a moot point, it looks ...

  38. RETAIL TRACK: COLD FEET AND BIGGER FOOLS

    November 25, 2006 12:00 AM EST Now that it's a moot point, it looks like Trans World Entertainment, rather than a consortium of buyers led by liquidator Great American, should have won the auction for Tower Records. Nearly a month Now that it's a moot point, it looks ...

  39. RETAIL TRACK: COLD FEET AND BIGGER FOOLS

    November 25, 2006 12:00 AM EST Now that it's a moot point, it looks like Trans World Entertainment, rather than a consortium of buyers led by liquidator Great American, should have won the auction for Tower Records. Nearly a month Now that it's a moot point, it looks ...

  40. Norton LLC Acquires Tower.com

    October 13, 2006 12:00 AM EDT $3.8 million deal made during auction. $3.8 million deal made during auction. News ...

  41. Norton LLC Acquires Tower.com

    October 12, 2006 12:00 AM EDT $3.8 million deal made during auction. Entrepreneur Bill Sagan and his Wolfgang’s Vault Web site, operating under the name Norton LLC, will acquire the Tower.com online store and other assets from the retailer. A Chapter 11 auction recently liquid ...

  42. Tower Records To Be Liquidated

    October 06, 2006 12:00 AM EDT Tower Records, the music industry's most famous retail brand, will be liquidated beginning tomorrow (Oct. 7). After a 30-hour auction, the process was won by the lead-bidder, Great American, who put Tower Records, the music industry's mo ...

  43. Radius Equity Out Of Tower Records Bidding

    October 05, 2006 12:00 AM EDT Trans World considered favorite. Radius Equity— considered the "white knight" in the bidding for Tower Records —failed to put together financing in time for the Chapter 11 auction of the troubled chain. The auction began today in the off ...

  44. Bidders Set For Tower Records Auction

    October 03, 2006 12:00 AM EDT Trans World viewed as likely front-runner. Although 16 bidders have come forward to participate in the Chapter 11 auction of Tower Records on Thursday (Oct. 5), odds are the chain will either be acquired by Trans World Entertainment or liquidated ...

  45. Sixteen Suitors Bid On Tower Records

    September 28, 2006 12:00 AM EDT Trans World, Radius Equity considered front-runners. As part of a process to qualify for the Chapter 11 auction on Oct. 5 for Tower Records, a whopping 16 suitors have placed bids on the troubled superstore chain. However, it's unclear which ...

  46. RETAIL TRACK: OPENING ROUND

    September 23, 2006 12:00 AM EDT Just because a liquidator appears to be the only bid so far in the Chapter 11 auction of Tower Records doesn't mean the chain will be liquidated. Good thing, because for many in the industry, a Tower Just because a liquidator appears to be th ...

  47. RETAIL TRACK: OPENING ROUND

    September 23, 2006 12:00 AM EDT Just because a liquidator appears to be the only bid so far in the Chapter 11 auction of Tower Records doesn't mean the chain will be liquidated. Good thing, because for many in the industry, a Tower Just because a liquidator appears to be th ...

  48. RETAIL TRACK: OPENING ROUND

    September 23, 2006 12:00 AM EDT Just because a liquidator appears to be the only bid so far in the Chapter 11 auction of Tower Records doesn't mean the chain will be liquidated. Good thing, because for many in the industry, a Tower Just because a liquidator appears to be th ...

  49. Great American Lead Bidder For Tower Assets

    September 13, 2006 12:00 AM EDT Other suitors expected to come forward. As expected, Great American, a liquidator based in Los Angeles, is the only suitor that put in a bid to acquire the inventory assets of Tower Records. This bid is the "stalking horse bid," or " ...

  50. Tower Bidding Procedures Set

    September 06, 2006 12:00 AM EDT Guidelines to be revealed Sept. 7. The Tower Records asset auction is expected to heat up with the advertising of the bidding procedures in high profile business news publications tomorrow Tower Records filed for Chapter 11 protection on Aug. 20. ...

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