Edgar Bronfman, Jr.

  1. Lyor Cohen and Warner Music Group: What Are the Next Moves? Insiders Weigh In

    September 28, 2012 4:04 PM EDT Below is the story "Lyor Mulls Next Move" -- an in-depth look at the options facing Lyor Cohen who this week stepped down as CEO of WMG's recorded music and how WMG may fill the vacancy -- from this week's edition of Billboard ...

  2. Lyor Cohen Stepping Down as Warner Music Chairman/CEO

    September 24, 2012 6:01 PM EDT Lyor Cohen, Chairman/CEO of Recorded Music for Warner Music Group, is stepping down from his post effective September 30, the company announced today. He had been at Warner since 2004, beginning as Chairman and CEO, US Recorded Music in March of t ...

  3. Vivendi Chairman Jean-Rene Fourtou Takes Charge of Universal-EMI Deal, Report Says

    July 07, 2012 1:18 PM EDT Vivendi chairman Jean-René Fourtou has taken leadership of Universal Music's proposed $1.9 billion acquisition of EMI's recorded-music division, hoping to persuade regulators not to block or overly diminish the deal, according to a repor ...

  4. Irving Azoff Disputes Bronfman, Mills Testimony at Universal-EMI Senate Hearings; Mills Responds

    June 22, 2012 5:42 PM EDT Live Nation Entertainment/Front Line Management Chairman Irving Azoff said he didn't get the chance to respond to some of the comments made at yesterday's Senate Judiciary subcommitee hearing about the proposed Universal Music Group-EMI ...

  5. Universal To Respond To EU Letter of Objections By July 3 (Report)

    June 22, 2012 8:31 AM EDT Universal Music Group's response to the European Union's regulatory commission letter of objections to its proposed merger with EMI will require a response by July 3, according to a report today on Reuters. The story cites a "person ...

  6. Music Execs Debate Promise and Threats of Universal-EMI Merger at Senate Hearing

    June 21, 2012 8:28 PM EDT Some of the music industry's top music executives painted various pictures of the Universal Music Group-EMI merger at a Senate Judiciary subcommittee hearing Thursday afternoon. It was a rare opportunity to see well-known executives queried a ...

  7. Highlights From Azoff, Grainge, Bronfman Testimony in Today's Universal-EMI Senate Hearing

    June 21, 2012 8:01 AM EDT At 1:30 p.m. today, the head of Universal Music Group and EMI will appear before a Congressional hearing to argue for the proposed sale of EMI's music catalog to Universal. Both Lucian Grainge and Roger Faxon will act as witnesses in support ...

  8. Billboard's Live Blog On The U.S. Senate's Hearing On Universal-EMI Merger

    June 21, 2012 7:31 AM EDT The Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights will hold a hearing on the Universal Music Group-EMI merger at around 2pm ET today, Thursday, June 21 and Billboard.biz is live blogging it here (see below). Business Mat ...

  9. Senate to Hold Antitrust Hearings on Universal-EMI Deal

    May 11, 2012 7:41 PM EDT A U.S. Senate panel will hold a hearing on Universal Music Group's pending acquisition of EMI's recorded-music division, according to the Wall Street Journal and other media reports. The move adds another step to the complex regulatory r ...

  10. Universal Music's EMI Acquisition Supported by SAG-AFTRA, AFM

    April 18, 2012 7:06 AM EDT LOS ANGELES (AP) -- Universal Music Group has won the qualified support of two North American artists' unions for its proposed $1.9 billion acquisition of the recorded music division of the U.K.'s EMI Group Ltd. The unions gave their con ...

  11. Universal Music Formally Requests EU Approval to Purchase EMI's Labels

    February 20, 2012 1:15 PM EST Vivendi's Universal Music Group today formally requested European Union regulators' approval to buy EMI's recorded-music division. An initial deadline of March 23 was set for a ruling on the deal, according to the European Commissio ...

  12. Warner Music Group Spent Less, Revenue Remained Flat in Holiday Quarter

    February 09, 2012 12:54 PM EST The holidays were good to Warner Music Group. Key releases by Michael Buble, Nickelback and the Black Keys helped Warner post flat revenue of $779 million in the fourth quarter of 2011 and first of the company's fiscal year. Operating earning ...

  13. Google Music an 'Oxymoron' Says Outgoing Warner Music Group Chairman Edgar Bronfman, Jr.

    February 01, 2012 11:50 AM EST Outgoing Warner Music Group chairman Edgar Bronfman, Jr. called Google Music an "oxymoron" that's run by a company conflicted about how to value other parties' information. Bronfman spoke Tuesday at the Wall Street Journal' ...

  14. Vevo Earned $150 Million in Revenue Last Year, Says CEO Rio Caraeff

    February 01, 2012 8:04 AM EST DANA POINT, Calif. (AP) - Vevo, the online music video service launched by Universal Music Group and Sony Music Entertainment in late 2009, pulled in $150 million in revenue last year, chief executive Rio Caraeff revealed on Tuesday. The service g ...

  15. Warner Music's Edgar Bronfman Jr.: Steve Jobs Got the Best of Us

    January 31, 2012 10:06 PM EST The iTunes Store is great. But in the negotiations between music executives and Apple CEO Steve Jobs, the latter certainly came out on top, according to Warner Music Group chairman Edgar Bronfman, Jr. "If you look at the market cap increase i ...

  16. Billboard Power 100: Lyor Cohen

    January 27, 2012 10:00 AM EST No. 14 Lyor Cohen Chairman/CEO of Recorded Music Warner Music Group Twitter: @LyorCohen13 The Iceman Cometh... It's definitely a new day at Warner Music Group and not just because Access Industries' Len Blavatnik (see No. 8) has acquired ...

  17. Billboard Power 100: John Frankenheimer

    January 26, 2012 8:58 PM EST No. 75 John Frankenheimer Partner, Chairman Emeritus; Chair Loeb & Loeb, Music Industry Practice Group Deal Architect ... Clients of veteran entertainment attorney John Frankenheimer are record companies, distributors, publishers, recording ar ...

  18. Warner Music's $205 Million Loss: No Cause for 'Buyer's Remorse'

    December 09, 2011 8:09 AM EST In issuing the first annual financial report since Access Industries completed its acquisition of the Warner Music Group in July , the headline $205 million net loss the company reported will likely fuel more uneducated speculation about Access ha ...

  19. Stephen Cooper, New Warner Music CEO, On EMI Auction, Q4 Losses

    December 08, 2011 11:41 AM EST NEW YORK - New Warner Music Group CEO Stephen Cooper on Thursday said that the music major saw "significant" synergy opportunities in a possible acquisition of EMI's recorded music business, but remained disciplined in the auction t ...

  20. Record Label Shake Ups, Sales Make For A Tumultuous Year In The Music Industry

    December 08, 2011 7:55 AM EST With the sale of Warner Music Group, the planned sale and breakup of EMI Group and the installation of new management at each of the three surviving majors, 2011 was a year of seismic shifts in the major-label landscape. The rumbles began immediat ...

  21. Updated: Edgar Bronfman Jr. to Step Down as Warner Music Group Chairman, No Successor Named

    December 05, 2011 3:38 PM EST Warner Music Group Chairman Edgar Bronfman Jr., who stepped down as CEO earlier this year, announced to the company's staff in a memo today that he's relinquishing the chairman role as well. "I wanted to let you know that, as my oth ...

  22. Warner Internal Memos: Bronfman, Blavatnik On Chairman Changes

    December 05, 2011 3:25 PM EST Warner Music Group Chairman Edgar Bronfman Jr., who stepped down as CEO earlier this year, announced to the company's staff in a memo today that he's relinquishing the chairman role as well. WMG, of course, was sold to Len Blavatnik' ...

  23. Warner Music Group Names Brian Roberts CFO, Effective January

    November 10, 2011 8:10 PM EST The Warner Music Group continues to realign its management team, this time naming Warner/Chappell CFO Brian Roberts to become the WMG's CFO, effective Jan. 1. He will replace Steve Macri, who has been CFO since 2008. Macri will stay on throug ...

  24. Steve Jobs In Memoriam: Remembrances and Tributes

    October 05, 2011 1:32 PM EDT October 07, 2011 | Global | Digital & Mobile | Branding | TV & Film | Retail Steve Jobs' Death May Break Internet Records, Surpass Beyonce's Pregnancy Announcement Steve Jobs wasn't just a technological innovator - he create ...

  25. Michael Nash, Warner Music's 'Top Digital Guru,' Leaving; Stephen Bryan Named Successor

    September 20, 2011 5:00 PM EDT The Warner Music Group top digital guru Michael Nash is leaving the company and will be replaced by Stephen Bryan, who has been promoted to executive VP of digital strategy and business development for recorded music. Bryan, who recently served as ...

  26. Edgar Bronfman's Next Task At Warner Music Group: EMI?

    August 19, 2011 9:05 PM EDT Is Warner Music Group getting ready to put Edgar Bronfman Jr. out to pasture? That may be the reading of some in the business following the company's announcement that the Warner CEO will swap jobs with chairman Stephen F. Cooper. But conside ...

  27. Warner Music CEO Edgar Bronfman, Jr. and Chairman Stephen Cooper Switch Jobs

    August 19, 2011 3:18 PM EDT Edgar Bronfman, Jr. and Stephen Cooper are switching roles with the former becoming the Warner Music Group chairman and the latter assuming the CEO position and responsible for the company's day-to-day operations. In a memo to employees , Bro ...

  28. Analysis: Diversity, Not Just Digital Sales, Will Save the Recording Industry

    August 05, 2011 4:40 PM EDT The recording industry's salvation no longer lies in digital music alone. Instead, based on market dynamics at play in the United Kingdom, revenue diversification appears to be the key. According to IFPI, the total trade value of U.K. recorde ...

  29. Edgar Bronfman Jr. Says Warner Music Is 'Very Pleased' With Spotify's U.S. Progress

    August 04, 2011 4:05 PM EDT Whatever reservations Warner Music may have had about Spotify seem to be ancient history. During a call with investment analysts this morning (August 4), CEO Edgar Bronfman Jr. gushed about the service's U.S. launch and the future of cloud-ba ...

  30. Warner Music Group's Quarterly Loss Narrows, Revenues Increase 6%

    August 04, 2011 8:43 AM EDT NEW YORK - Warner Music Group on Thursday reported a narrowed loss for its latest quarter. The loss of $46 million for what is the company's fiscal third quarter, compared to a loss of $55 million in the year-ago period. A settlement with Lim ...

  31. Access-Warner Music Investor Documents Reveal New Roles for Edgar Bronfman Jr., Lyor Cohen

    July 21, 2011 4:29 PM EDT In taking over control of Warner Music Group , Access Industries, as expected, is putting its own people in place on the company's board of directors. Stephen Cooper, a board member at one of the companies that Access Industry has invested in ...

  32. Access Industries Completes Acquisition of Warner Music Group

    July 20, 2011 12:51 PM EDT Access Industries has completed its acquisition of the Warner Music Group ahead of plan, thanks to compliant regulatory agencies and a resilient bond market willing to absorb $1.045 billion in a new bond offering from the company and shareholders ...

  33. How Top Warner Music Execs Are Cashing in on Acquisition, and What a Completed Deal is Worth to Them

    June 22, 2011 2:01 PM EDT Warner Music Group's two top execs, Edgar Bronfman Jr. and Lyor Cohen, have already cashed out of stocks and will enjoy large golden parachutes when the company's acquisition by Access Industries is complete. If the recommendation of gov ...

  34. Business Matters: Groupon Files for IPO -- A Look at the Numbers

    June 02, 2011 8:34 PM EDT Groupon Files for IPO. A Look at the Numbers. -- Daily deal company Groupon, soon to be a major player in concert tickets, has filed for an IPO. The company's S-1, filed with the SEC Thursday, reveals that Groupon has real -- not potential -- ...

  35. Access Reveals Its Warner Music Acquisition Financing Plan in Proxy Statement

    May 23, 2011 4:57 PM EDT Access Industries plans to finance its planned $3.3 billion acquisition of the Warner Music Group by putting up $1.118 billion in equity, obtaining $1.045 billion in bridge loans from Credit Suisse AG and UBS Loan Finance. It will ask the senior s ...

  36. Michael Fleisher Leaving Warner Music Group

    May 20, 2011 4:25 PM EDT After helping to sell it, Warner Music Group Vice Chairman of Strategy and Operations Michael Fleisher is leaving the company. Fleisher was the main executive at WMG overseeing the auction that resulted in a $3.3 billion bid from Access Industries ...

  37. Business Matters: What the Economist's Analysis of the Warner Acquisition Missed

    May 16, 2011 5:26 PM EDT Three Things Missing from The Economist's Take on Warner Acquisition --While it's great that The Economist would chime in on Access Industries' acquisition of Warner Music Group, the article doesn't actually say anything of sub ...

  38. Business Matters: Microsoft's Acquisition of Skype Means Nothing for Us, Rdio Says

    May 11, 2011 8:21 PM EDT Microsoft's Acquisition of Skype Means Nothing for Us, Rdio Says -- What does Microsoft's $8.5 billion acquisition of Skype mean for upstart music service Rdio? Recall the two companies are closely related. Prior to founding Rdio, Niklas ...

  39. Warner Music/Access Industries Deal Is A Win For Both -- But Will Gores Try to Upend It?

    May 06, 2011 7:48 PM EDT Access Industries' proposed $3.3 billion acquisition of the Warner Music Group (WMG) is turning out to be a "best of both worlds" kind of deal for all involved. For one, the private equity owners of WMG will get another payday on to ...

  40. What Can We Expect From a Blavatnik-Owned Warner Music Group?

    May 06, 2011 11:39 AM EDT Warner Music Group may have a new owner in the form of Len Blavatnik's Access Industries , but broadly speaking, insiders feel we can expect more of the same from the company. That's because his close relationship with WMG chairman and C ...

  41. 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 ...

  42. Warner Music Group Shares Rise Amid Sale Rumors

    April 14, 2011 7:00 AM EDT Shares of Warner Music Group rose 3.4 percent on Wednesday to $7.61 as word spread the company could be bought in a matter of weeks. The Wall Street Journal reported -- citing anonymous sources -- that instead of selling pieces of the company, as ...

  43. 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 ...

  44. Business Matters: Spotify Readies Payment System for U.S. Launch

    February 08, 2011 3:31 PM EST Waiting For Godot (Spotify): Music Cloud Readies Payment System for U.S. Launch -- Spotify is telling U.S. users (what few exist) that it hopes to launch "in the coming months." Here's part of an email that was sent from Spotify to ...

  45. Warner Music CEO Edgar Bronfman Optimistic About Spotify, Digital Despite 14% Revenue Drop

    February 08, 2011 11:51 AM EST Even though Warner Music Group's revenues dropped 14% in its last quarter, chairman and CEO Edgar Bronfman Jr. used the company's Tuesday earnings call to express hope for diversified revenue and new cloud-based music services. "We ...

  46. 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 ...

  47. 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 ...

  48. Edgar Bronfman Jr., Warner Music Group CEO, Found Guilty of Insider Trading by French Court

    January 21, 2011 12:00 AM EST A French court, in a surprise ruling, on Friday convicted and fined Warner Music Group chairman and CEO Edgar Bronfman Jr. for insider trading and former high-flying Vivendi CEO Jean-Marie Messier for misusing company funds and misleading investor ...

  49. Top Warner Execs 2010 Pay Increased Despite Revenue Losses

    January 20, 2011 12:00 AM EST Warner Music Group's top two executives took home more money in 2010 than they did the year before, according to details in a recent SEC filing . Judging from the amounts of their bonuses, Warner's leadership exceeded their 2010 goals. C ...

  50. FanBridge Raises $2 Million, Acquires Damntheradio

    January 18, 2011 12:00 AM EST FanBridge raised $2 million in funding and has acquired B2B social marketing service Damntheradio for an undisclosed sum, according to a post on FanBridge's blog . The New York-based startup offers a fan management platform that allows artist ...

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