Credit Suisse

  1. Spotify Obtains $200 Million Credit Line In Advance of Possible IPO (Report)

    March 10, 2014 12:46 AM EDT Spotify, one of the world's largest music music subscription services, has obtained a $200 million credit facility from lenders which may indicate an initial public stock offering is in the works, according to a report in the Financial Time ...

  2. Warner Music Inks Refinancing Deal with Lower Interest Payments, Balance Sheet Flexibility

    November 07, 2012 4:23 PM EST Warner Music Group has successfully completed a refinancing that will reduce its annual interest payments by about $43 million annually, Billboard estimates. As well as lowering interest payments, the world's third largest music company is al ...

  3. Business Matters: Apple Finds Better Use of its Cash Than Buying Music Company

    March 20, 2012 4:09 PM EDT Apple To Introduce Dividend and Share Repurchase Program So much for the idea that Apple could buy a music company. The company announced Monday a dividend and share repurchase program to put to use its $98 billion stockpile of cash and securities ...

  4. Business Matters: Onesheet Adds New Features to Better Simplify Your Web Presence

    January 06, 2012 7:56 PM EST Onesheet Adds New Features to Better Simplify Your Web Presence -- Watch for Onesheet to become a favored tool in 2012 for building an online presence among musicians and other creative types. Launched in August by ArtistData founder Brenden Mulli ...

  5. Consumer Electronics Show Curse? Gadget Show Has History of Products Falling Flat

    January 06, 2012 9:19 AM EST NEW YORK (AP) - The largest trade show in the Americas must be a great place to show off new products, right? Wrong. The International Consumer Electronics Show is quickly becoming a launch pad for products that fall flat. When the annual conclave ...

  6. Groupon Raises $700 Million With IPO at $20 Per Share

    November 04, 2011 8:11 AM EDT SAN FRANCISCO (AP) - Daily deals pioneer Groupon raised about $700 million with an initial public offering of stock priced well above expectations. The IPO was set late Thursday at $20 per share, above the anticipated range of $16 to $18. The high ...

  7. Music Licensing Service Rumblefish Adds Ex-Pandora Board Member

    October 11, 2011 2:33 PM EDT Music licensing outfit Rumblefish has added a new board member to help drive its growth. Harry DeMott, a former board member at Pandora and long-time analyst and investor in media companies, has joined the Portland, Oregon-based company's boa ...

  8. Warner Music Group Plans Modest Restructuring Under Access Ownership

    July 25, 2011 9:00 AM EDT Now officially under new ownership , the Warner Music Group plans to achieve cost savings between $50-65 million over the next 27 months. The company plans to achieve those saving through "certain planned corporate restructuring initiatives,& ...

  9. Even More Sony Websites Hacked

    May 24, 2011 5:29 PM EDT Sony Corp's shares bounced back from two-month lows after the electronics conglomerate said this year's operating profit would match last year's, easing worries about the impact of the March earthquake. Separately, Sony said on Tues ...

  10. 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 ...

  11. Business Matters: What Music Companies Can Learn from the New York Times' Pay Wall

    March 17, 2011 5:05 PM EDT What Music Companies Can Learn from the New York Times' Pay Wall -- There should be a few learning lessons after the New York Times puts up a pay wall to its content at its website and mobile apps. Any entertainment business that sells digita ...

  12. Business Matters: Maybe Gwyneth Paltrow Could Sell a High-Priced Digital Album...

    March 10, 2011 7:43 PM EST Maybe Gwyneth Paltrow Could Sell a High-Priced Digital Album… -- In response to my post on a hypothetical breakeven point for a $900,000 Gwyneth Paltrow album deal, I got an e-mail from an executive regarding the profit margin on digital albums an ...

  13. Business Matters: Why Spotify Still Hasn't Launched In the U.S.: $$$

    January 05, 2011 12:00 AM EST Why Spotify Still Hasn't Launched In the U.S.: $$$ Why has Spotify taken so long to launch? Money, sources tell The Telegraph. "Extremely high cash advances" demanded by record labels, an unnamed senior music executive says. (No ind ...

  14. Christmas Sales Decisive For Nation's Two Largest Booksellers

    December 17, 2010 12:00 AM EST The two largest U.S. bookstore chains have offered up a compelling cliffhanger this holiday season that will seal the fate of brick-and-mortar bookselling. In the latest chapter, Barnes & Noble Inc has put itself up for sale, while Borders Gro ...

  15. CAA sells 35% stake to TPG Capital

    October 01, 2010 12:00 AM EDT CAA has sold a 35% equity stake to private investment firm TPG Capital in a transaction expected to help the powerhouse talent agency further build its sports business and monetize the stakes of the partners who own and run the business. TPG has i ...

  16. Business Matters: Pandora, Net Neutrality Bil, Liz Phair and more

    September 30, 2010 12:00 AM EDT Opinion and analysis of the day's music news. 'Staggering' Pandora Fact of the Day -- One in five people aged 12 to 24 have listened to Pandora in the past month, according to a new study by Edison Research. Eleven percent has liste ...

  17. Google Threatens To Quit China

    January 13, 2010 12:00 AM EST Google Inc threatened to quit China, the world's biggest Internet market, warning it would no longer tolerate strict censorship of its Google.cn search engine. The threat by the world's leading Internet search provider may win it praise ...

  18. Business Matters: UMG, Richard Branson, YouTube, Van Halen

    September 10, 2009 12:00 AM EDT Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- A funny thing happened on the way to the future of the record industry: disagreement. Universal Music Group ’s planned ISP-based music service ...

  19. 'Long Tail' Author Tackles 'Free' As Industry Experiments With Pricing

    July 07, 2009 12:00 AM EDT "Free: The Future of a Radical Price," a new book from Wired Magazine editor Chris Anderson tackles the idea of zero price in the digital age. Anderson wrote "The Long Tail," an era-defining book, and just as that book found bo ...

  20. Briefs: Capitol vs. Thomas-Rasset, YouTube, Spotify

    June 18, 2009 12:00 AM EDT -- By all accounts, Julius Genachowski breezed through his hearing as President Obama 's nomination to be FCC chairman. Genachowski , a former executive at InterActive Corp. and a co-founder of LaunchBox Digital and Rock Creek Ventures, said ...

  21. Amazon Starts Game Trades

    March 06, 2009 12:00 AM EST Amazon.com Inc will allow shoppers to trade in used video games for store credit, a move that may challenge a core driver of profitability for No. 1 U.S. game retailer GameStop Corp. GameStop shares fell 13% on Thursday, after Amazon set the trial ...

  22. Retail Takes A Beating Amid Circuit City Closures

    November 04, 2008 12:00 AM EST Album sales were already down 12.3% compared to last year when, as expected, Circuit City announced that it will close 155 stores, or 21% of its footprint in the market. And though industry analysts say the chain may be trying to avoid bankruptcy ...

  23. Horowitz Joins Primary Wave

    April 28, 2008 12:00 AM EDT Robert Horowitz has joined Primary Wave Music Publishing as COO/head of business development. He was a director at Credit Suisse where he was the architect of Primary Wave's capital structure. Horowitz will oversee the company's business ...

  24. Guitar Center To Be Bought For $2.1 Billion

    June 27, 2007 12:00 AM EDT Guitar Center Inc. has agreed to be acquired by private equity firm Bain Capital Partners LLC for about $1.9 billion plus assumed debt. Total value of the transaction, expected to close in the fourth quarter, is approximately $2.1 billion includin ...

  25. Credit Suisse To Sponsor The O2

    October 12, 2005 12:00 AM EDT First partner for AEG-operated London venue. Live-entertainment U.S. company Anschutz Entertainment Group (AEG) has nabbed investment bank Credit Suisse to be its first sponsorship partner for The O2, the London-based entertainment venue formerly ...

  26. Credit Suisse To Sponsor The O2

    October 12, 2005 12:00 AM EDT First partner for AEG-operated London venue. Live-entertainment U.S. company Anschutz Entertainment Group (AEG) has nabbed investment bank Credit Suisse to be its first sponsorship partner for The O2, the London-based entertainment venue formerly ...

  27. Premiere Preps Details Of German IPO

    January 17, 2005 12:00 AM EST German pay TV provider Premiere is looking to go public on the German stock exchange during the first half of this year, sources close to the company confirmed Jan. 12. COLOGNE, Germany (The Hollywood Reporter) -- German pay TV provider Premiere i ...