Bank of America Merrill Lynch

  1. Business Matters: Sirius XM Raises Forecast for Subscriber Growth

    October 11, 2012 7:33 PM EDT Sirius XM upped its forecast for net subscriber growth for the third time this year. The satellite radio company announced on Wednesday that net additions in the third quarter jumped 34% to 445,921% from 3334,000 in the prior-year period. Sirius e ...

  2. Universal Music-EMI Deal Approved by European Union

    September 21, 2012 6:19 AM EDT European Union regulators today formally approved Universal Music Group's $1.9 billion acquisition of the recorded music unit of EMI Music. As expected, the approval is contingent upon divestments to limit the combined companies' market ...

  3. Liberty Media Sees Share Repurchases, Dividends and a Spin Off Once it Controls Sirius XM Radio

    September 12, 2012 9:54 PM EDT Liberty Media CEO Greg Maffei hinted at share repurchases and dividends when his company takes over Sirius XM Radio but didn't give specific clues as to operational changes. "It could become the core of what Liberty Media is," Maffe ...

  4. SiriusXM CEO Mel Karmazin: 'My Instincts Are That Liberty Does Not Need Me'

    September 12, 2012 1:51 PM EDT Liberty Media could announce as early as Wednesday that it has acquired a controlling stake in Sirius XM Radio, the satellite service's CEO Mel Karmazin said. He also indicated that Liberty may not want him around much longer. "My instin ...

  5. Morning Fix: Tupac Hologram Company Goes Broke, More Coachellas? J.Lo's Cable Channel, iPhone 5!

    September 12, 2012 7:30 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters: Breaking News, Touring, Top 40, Country and many more. AEG ATTORNEY FIRES BACK OVER MICHAEL JACKSON EMAILS: 'NOBODY IS TELLING THE STORY PROPERLY': A series of c ...

  6. Universal to Sell Music-Publishing Catalogs Worth $200 Million as Part of EMI Purchase

    March 26, 2012 10:43 PM EDT Universal Music Group is planning to sell three of its music-publishing catalogs to help finance its acquisition of EMI's recorded-music division, a source told Billboard.biz. The news was first reported the Financial Times . Universal has br ...

  7. Business Matters: Why Spotify Shouldn't Worry About Turning A Profit Right Now

    August 29, 2011 10:31 PM EDT Why Spotify Shouldn't Worry About Turning A Profit Right Now -- Did Spotify make a profit in 2010? It's a nice question, but ultimately one that doesn't matter much. The company is growing quickly and it no doubt has enough capital ...

  8. Zynga May File for IPO Tomorrow, Source Says

    June 28, 2011 6:18 PM EDT Online social game company Zynga plans to raise $1.5 billion to $2 billion in an initial public offering and could file paperwork with U.S. regulators as soon as Wednesday, a source familiar with the situation said on Tuesday. Zynga, the company b ...

  9. Business Matters: Warner Music Group, Hastings, MOG

    August 16, 2010 12:00 AM EDT -- Standard & Poor 's downgraded Warner Music Group 's stock to "negative" from "stable" last week. The ratings agency believes a lower rating is proper "until there is an indication that digital sales can re ...