Economy of New York City

  1. Tr3s Names Maria Badillo Vice President of Programming and Production

    December 04, 2012 5:35 PM EST Maria Badillo has been named vice president of programming and production for cable network Tr3s, according to a spokesperson for Viacom International Media Networks/the Americas. In her new role, Badillo will oversee the company's programmin ...

  2. Jennifer Breithaupt

    November 28, 2012 6:44 PM EST Senior VP of Entertainment Marketing, Citi Concerts in the Citi When Citi first partnered with Live Nation for exclusive tour presales in 2007, the financial services company accounted for a small part of the top promoter's overall ticket sal ...

  3. Backbeat: The Wanted, Karmin Hit XBOX 360 Event, Rita Ora Performs At MTV/Time Warner VMAs After Party

    September 07, 2012 4:55 PM EDT The Wanted poses for photos with the members of the U.S. Olympic women's gymnastics team. (Photo: Tiffany Rose/WireImage) Rita Ora tweeted to her 1.2 million fans that she'd be performing at a VMA after-party, but getting in to see the 2 ...

  4. Backbeat: Kaskade Rocks Katy Perry, John Mayer, Ne-Yo, Execs at House of Hype Post-VMAs Party

    September 07, 2012 1:39 PM EDT Sam Keywanfar, founder/CEO, House of Hype, the evening's honoree Kaskade, and Noel Lee, CEO, Monster Products, arrive to the 5th Annual House Of Hype Music Awards at Beverly Hills Hotel on September 6, 2012 in Beverly Hills, California. (Phot ...

  5. Business Matters: Digital Services Face 18 Months of Licensing Negotiations, Says Study; Cinram Files For Bankruptcy

    June 29, 2012 5:54 PM EDT Licensing Takes As Long As 18 Months, Says a Study Most everybody in the music business knows that new digital services have a tough road to license music from content owners. Few people know exactly how long it takes. Now they have a good estimat ...

  6. O Music Awards Return June 27, Take Aim at Guinness World Record

    May 04, 2012 2:00 PM EDT Viacom Music Group's O Music Awards are returning for their third installment this June 27th, and in addition to handing out awards to the biggest digital innovators in music today, they'll be taking aim at a Guinness World Record. This ...

  7. Entertainment, Other Stocks End Flat After Dow Exceeds Milestone

    February 22, 2012 7:30 AM EST NEW YORK - U.S. stocks, including shares of entertainment conglomerates, finished Tuesday's trading day flattish after initial gains that pushed the Dow Jones Industrial Average index above 13,000 for the first time since May 2008. Higher oil ...

  8. Billboard Power 100: Roger Faxon

    January 27, 2012 10:00 AM EST No. 24 Roger Faxon CEO EMI Group Riding The Wave... Circumstances have rendered Roger Faxon, CEO of EMI Group since mid-2010, the industry's most prominent lame-duck executive. Citigroup's auction of EMI last year ended with a Sony-led c ...

  9. BIllboard Power 100: Rich Lehrfeld

    January 26, 2012 7:12 PM EST No. 70 Rich Lehrfeld VP of Global Sponsorship, Marketing and Access American Express Membership Has Its Privileges... American Express, long one of the most important sponsors in events and touring, is quickly becoming a key player in music conten ...

  10. Morning Heds: Tom Freston's Billion $ Revenge, HMV Bidders, Western Union Goes Hip-Hop

    January 04, 2012 9:21 AM EST Tom Freston's $1 Billion Revenge: Ex-Viacom Chief Helps Vice Become the Next MTV Forbes After Sumner Redstone fired Tom Freston from MTV, he helped Vice buy out Viacom's stake for an undisclosed amount and joined Vice as an advisor, one ...

  11. Read: EMI CEO Roger Faxon's Memo to Staff About Universal Sale

    November 11, 2011 12:21 PM EST Below is EMI CEO Roger Faxon's memo to his staff, circulated today and obtained by Billboard.biz, in which he addresses the sale of the company's recorded-music to Universal and said he hopes to be able to discuss the publishing division ...

  12. EMI Publishing Deal Might Close Before Label

    November 11, 2011 1:48 AM EST With the Financial Times reporting that a deal with Citigroup and Universal for EMI's recorded music division could be struck by the start of next week, sources say that the bank may close the publishing deal first, possibly as soon as today ...

  13. Is Renewed Interest In EMI Auction Real, or Just Smoke?

    November 08, 2011 8:04 PM EST A frenzy of news stories Tuesday would have you believe that the Citigroup run auction for EMI's recorded music operation is not only heating up, but could soon come to a head. Whether that's true or simply just smoke and mirrors remains ...

  14. 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 ...

  15. Guy Hands Launches New Lawsuit Against Citigroup Over EMI

    September 08, 2011 2:05 PM EDT Terra Firma chairman Guy Hands has instigated legal proceedings against Citigroup over the way it acquired EMI, according to reports. U.K. newspaper The Guardian claims Hands has applied to the high court requesting information about the condition ...

  16. Sony Shares Hit 52-Week Low Amid Global Market Sell-Off

    August 05, 2011 7:56 AM EDT UPDATED: The stocks of entertainment conglomerates Walt Disney and Time Warner are now down for the year-to-date period, News Corp. closed at the same price as at the end of 2010, while CBS Corp. and Viacom remain ahead of their 2010 closing price ...

  17. Viacom's Philippe Dauman Tops Wall Street Journal's Highest-Paid CEOs List

    May 09, 2011 12:11 PM EDT CEOs of media, entertainment and TV giants claimed five of the top 10 spots on a Wall Street Journal list of executives with the highest compensation for 2010 . The median value of salaries, bonuses and long-term incentive awards for the CEOs of 3 ...

  18. Universal Motown's Sylvia Rhone Honored By National Action Network; President Obama Speaks At Ceremony

    April 07, 2011 10:55 AM EDT NEW YORK -- Universal Motown President Sylvia Rhone was honored last night at the National Action Network's 20th Anniversary Keepers of the Dream Awards. Other honorees included NFL Hall of Famer Jim Brown, MSNBC President Phil Griffin and NB ...

  19. Vice Media Secures Investments From Tom Freston, Others

    April 05, 2011 7:41 AM EDT Vice Media Inc., the company spawned from a Montreal-based punk magazine that now includes music, film and book divisions, has secured investments from a trio of heavy hitters in an effort to boost its expanding business. The company is set to ann ...

  20. How Citigroup Outfoxed Guy Hands In Its Takeover Of EMI

    February 03, 2011 2:15 PM EST While press reports on Citigroup's takeover of EMI are rife with phrases about how the bank "seized control" (New York Post) in a "surprise move" (Los Angeles Times) that apparently caught Terra Firma chairman Guy Hands of ...

  21. Exclusive: EMI CEO Roger Faxon Talks Citigroup Takeover

    February 01, 2011 5:42 PM EST On the day that Citigroup assumed control of EMI , EMI Group CEO Roger Faxon was a busy man, but he took a few minutes to talk with Billboard . Billboard : This deal gives Citigroup a lot more flexibility and it gets EMI out of the Terra Firma box ...

  22. Viacom to Pay $2.75 Million To Settle BET Music Claims

    January 28, 2011 2:56 PM EST Viacom and Black Entertainment Television ("BET") have agreed to fork over $2.75 million to resolve a pending class action lawsuit from the owners of sound recordings. The class action was led by The Music Force, which commenced action i ...

  23. EMI And Warner Music: Destined To Be Together?

    January 28, 2011 10:05 AM EST No matter what happens to EMI or Warner Music Group (WMG), it always seems that speculation about their respective fates is intertwined with that of the other. That was true during the protracted will-they-or-won't-they merger speculation tha ...

  24. Warner Selling Publishing To Buy EMI Without Regulatory Scrutiny, Sources Say

    January 21, 2011 12:00 AM EST A person familiar with the matter says Warner Music Group's search for a buyer of its publishing arm, Warner/Chappell, is partly intended to clear a path for it to buy all of British recording giant EMI. The person wasn't authorized to s ...

  25. Warner Music Shares Soar On Sale Reports

    January 21, 2011 12:00 AM EST Shares of Warner Music Group surged nearly 23 percent on Friday on news that the world's No. 3 music company is up for sale. Warner Music has hired Goldman Sachs as an advisor to help with the process, a source familiar with the matter said o ...

  26. Warner Music Shares Soar On Sale Reports

    January 21, 2011 12:00 AM EST Shares of Warner Music Group surged nearly 23 percent on Friday on news that the world's No. 3 music company is up for sale . Warner Music has hired Goldman Sachs as an advisor to help with the process, a source familiar with the matter said ...

  27. Cinram Reups With Warner Music Group

    November 18, 2010 12:00 AM EST Canadian replicator Cinram International Income Fund may have stopped making DVDs for Warner Home Video, but it has reupped with Warner Music Group to supply recorded music products in the U.S., Canada and parts of Europe. "We are delighted t ...

  28. Business Matters: Terra Firma, Tammy Genovese, Pandora and more

    November 01, 2010 12:00 AM EDT Opinion and analysis of the day's music news. How Much Could Terra Firma Be Awarded In Lawsuit? -- The Wall Street Journal humorously downplays the impact of huge – but reduced – potential damages in Terra Firma’s lawsuit against Citigroup. L ...

  29. Terra Firma's 'Speculative' Testimony Disallowed

    October 29, 2010 12:00 AM EDT Wednesday night turned out to be a costly one for Guy Hands dreams as billions of dollars in potential damages went up in smoke when the theories behind them were disallowed in the lawsuit between Terra Firma and Citigroup. According to press repo ...

  30. Citi Banker In Trial Over EMI Says Truthful To Hands

    October 25, 2010 12:00 AM EDT Citigroup Inc banker David Wormsley, testifying in a civil fraud trial pitting the word of Terra Firma private equity chief Guy Hands against his, said on Monday he was "always truthful and honest as I could be" with Hands. Wormsley wrot ...

  31. Financier Hands Spars With Citi Lawyer In Court

    October 22, 2010 12:00 AM EDT Financier Guy Hands, who accuses a onetime friend at Citigroup Inc of lying to him about bids for EMI music company, sparred in court on Friday under cross-examination about why he did not call the banker to clear the air. Hands, the head of Europ ...

  32. Terra Firma vs. Citi: Trial Opens With Battle of Dueling Timelines

    October 18, 2010 12:00 AM EDT The first day of testimony in Terra Firma's lawsuit against Citigroup began as a battle of dueling timelines. In questioning Terra Firma's Tim Pryce, who is currently CEO for the investment firm but was general counsel at the time of its ...

  33. New York Jury Asked To Identify Lies In EMI Dispute

    October 18, 2010 12:00 AM EDT A New York jury was asked on Monday to decide who may have lied in a dispute over a Citigroup-backed, $6.4 billion buyout of legendary music company EMI by British financier Guy Hands in 2007. The outspoken Hands and his onetime Citigroup banker f ...

  34. Buyout Firm: Citigroup Cheated In EMI Auction

    October 18, 2010 12:00 AM EDT A lawyer for a British private equity firm has told a jury at the start of a civil trial that the firm was tricked by New York bank Citigroup into paying billions of dollars for the struggling music company EMI in 2007. Attorney David Boies said C ...

  35. Terra Firma, Citigroup Clash Ahead Of Court Case

    September 08, 2010 12:00 AM EDT Terra Firma and Citigroup have each filed new court documents ahead of a hearing in New York this week as part of a long-running fraud case brought by EMI Group's private equity owners. In its documents, Terra Firma alleges Citigroup was resp ...

  36. EMI Confirms Terra Firma Equity Cure

    May 14, 2010 12:00 AM EDT EMI has confirmed that it will receive "additional sums" from Terra Firma and its investors - thought to be £105 million ($153 million) - that will avoid a breach of the major's loan covenant with Citigroup. Maltby Capital, the inve ...

  37. Judge Denies Citigroup's Effort To Dismiss Terra Firma Suit

    March 24, 2010 12:00 AM EDT A judge has denied Citigroup's effort to dismiss a lawsuit filed against the company by Terra Firma. Citigroup had filed a motion with the U.S. Federal Court in the Southern District of New York to move the venue to London. In its lawsuit, Te ...

  38. Second Lawsuit Filed Over Terra Firma’s EMI Acquisition

    March 05, 2010 12:00 AM EST Citigroup is being sued by Colorado-based Sungate Securities, an investor in Terra Firma, over allegations the bank hid conflicts of interest during the sale of EMI, according to Bloomberg . This is the second lawsuit surrounding Terra Firma’s 4 b ...

  39. NYC Pensions Helped Finance Terra Firma's EMI Deal

    February 12, 2010 12:00 AM EST While much attention is set firmly on whether or not Terra Firma's ownership of EMI will be torpedoed by the 2.7 billion pounds ($4.23 billion) it borrowed from Citigroup, the investment firm is not the only institution with funds at risk in ...

  40. Guy Hands Orders New EMI Strategic Plan, Huge Loss Expected

    February 04, 2010 12:00 AM EST Guy Hands has asked EMI Music chief executive Elio Leoni-Sceti to draw up a new plan for the recorded music company, in order to persuade Terra Firma investors to inject a reported £100 million ($158.5 million) of additional investment. The Financ ...

  41. Report: Citigroup Moved For EMI

    December 18, 2009 12:00 AM EST According to the Financial Times, Citigroup tried to take control of EMI before Terra Firma launched a legal action against the bank. The paper reports that in September Citigroup proposed a debt-for-equity swap that would have given the bank a ma ...

  42. Terra Firma Seeks Investors In EMI: Report

    December 14, 2009 12:00 AM EST British private equity group Terra Firma wants to bring in outside investors to help prop up EMI, which is struggling with £2.6 billion ($4.2 billion) of debt, the Observer newspaper reported. The report said pension funds, insurance companies and ...

  43. Citigroup Sued By Terra Firma Over EMI Deal

    December 14, 2009 12:00 AM EST Private equity firm Terra Firma sued Citigroup Inc, accusing the bank of fraud in connection with Terra Firma's purchase of music business EMI Group in 2007, court documents filed in New York showed. Terra Firma accuses Citigroup of driving u ...

  44. Dylan Album Goes For Early Sales To Citi Customers

    September 30, 2009 12:00 AM EDT The times they are a-changin', and Bob Dylan's surprise decision to release his first Christmas album next month now comes with a banking tie-in that would have been unimaginable during the singer's 1960s protest years. Citibank sai ...

  45. Business Matters: Guy Hands, EMI, Sony Music, Rhapsody

    August 17, 2009 12:00 AM EDT Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- The Wall Street Journal’s Aaron O. Patrick wrote a very thorough overview of Terra Firma 's struggles with EMI . Notably, the private equi ...

  46. Disney Joins Hulu Video Site

    May 01, 2009 12:00 AM EDT Walt Disney Co will buy a 30% stake in Hulu.com, bringing popular TV shows such as "Lost" and "Grey's Anatomy" to the video Web site founded by NBC Universal and News Corp. Disney's entrance, which comes after months ...

  47. Blackout Looms As Time Warner, Viacom Talks Stall

    December 31, 2008 12:00 AM EST Viacom Inc and Time Warner Cable remained at a standoff on Wednesday, but were hopeful that top executives would step in to resolve a dispute that threatens to prevent more than 13 million U.S. subscribers from seeing "Dora the Explorer" ...

  48. NYSE Warns Entravision

    December 17, 2008 12:00 AM EST Entravision Communications, operator of primarily Spanish-language radio and television stations, has received a warning from the New York Stock Exchange that its shares are trading below the average minimum required for listing on the exchange. T ...

  49. Mary J. Blige, Nickelback To Boost Citi Campaign

    November 06, 2008 12:00 AM EST Citi Cards, the credit card division of Citi, will launch an integrated advertising campaign with Mary J. Blige and Nickelback at the center of it on Sunday, the company said. In February, Citi signed a marketing alliance with Live Nation. While t ...

  50. Viacom's Q3 Income Drops 37%

    November 04, 2008 12:00 AM EST A deteriorating television advertising market and movies that couldn't compete with last year's "Transformers" juggernaut caused Viacom on Monday to post third-quarter net income that fell 37%. Last year also benefited from a $ ...

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