Ernst & Young

  1. Business Matters: Accounting Explains How Spotify's Business Model Can Succeed

    October 05, 2012 6:15 PM EDT A website that posts the financials of privately held companies has revived the debate about the sustainability about Spotify's business model. This is a debate worth having, but a tweak to Spotify's income statement may lead to a more i ...

  2. Australian Live Music Industry Worth More Than $1.2 Billion

    September 21, 2011 8:05 AM EDT Australians love a drink and a show. In fact, the live music culture has become so ingrained in Australian society it's worth more than a billion dollars to the country's economy, a new study reveals. Collecting society APRA on Monday is ...

  3. Music, Film Industries Average Lowest Profit Margins Among Media Sectors

    March 15, 2011 7:15 AM EDT All the hubbub about a crashing music industry, and it turns out that during the past five years, it has fared no worse than the film business, according to an Ernst & Young study released Monday. From 2006-10, the music industry notched an av ...

  4. Speculation Mounts Over Borders U.K. Sale

    November 23, 2009 12:00 AM EST Borders U.K. is once again the subject of feverish speculation after it was placed back on the market only four months after it was bought in a management buyout backed by distressed debt specialist Valco Capital Partners. Publishers spoken to by ...

  5. Downer 'Addressing' Ernst & Young Doubts

    August 13, 2009 12:00 AM EDT Borders U.K. CEO Philip Downer has said he is "addressing" concerns raised by auditors Ernst & Young, after they expressed doubt about the retailer's ability to continue trading. Downer was speaking after the retailer's lat ...

  6. Auditors Express fears over Borders U.K.

    August 10, 2009 12:00 AM EDT Borders U.K.'s auditors, Ernst & Young, have raised concerns about the retailer's ability to continue trading, according to documents filed at Companies House. In the directors' report and financial statements for the year to Fe ...

  7. Zavvi Ceases Trading

    February 18, 2009 12:00 AM EST U.K. entertainment retailer Zavvi will disappear from the U.K. high street this week, following the sale of a number of stores to rival HMV and a new venture led by former Zavvi chief executive Simon Douglas. Zavvi will cease trading and all remai ...

  8. Fifteen Zavvi Stores Close

    January 29, 2009 12:00 AM EST The administrators of U.K. entertainment retailer Zavvi have closed a further 15 stores with the loss of 295 jobs. The latest round of closures today (Jan. 29) means there are now 48 U.K. stores still trading. Zavvi went into administration - roug ...

  9. More Zavvi Stores Close

    January 14, 2009 12:00 AM EST The administrators of U.K. entertainment retail chain Zavvi have announced the closure of a further 18 stores across the country with immediate effect. The remaining 74 stores in the U.K. will continue trading while a buyer is sought. The latest r ...

  10. Zavvi Stores To Close

    January 08, 2009 12:00 AM EST The joint administrators of U.K. entertainment retail chain Zavvi have announced the immediate closure of 22 stores. The store closures will result in the redundancy of 178 employees. The other 92 stores in the U.K. will continue to trade and ther ...

  11. Redundancies At Zavvi

    January 05, 2009 12:00 AM EST More than half of the staff at Zavvi's London headquarters have been made redundant, a total of 69 jobs. The entertainment retail chain went into administration on Dec. 24. The move is roughly equivalent to Chapter 11 bankruptcy protection in ...

  12. Zavvi's Irish Stores In Provisional Liquidation

    December 30, 2008 12:00 AM EST U.K. entertainment retailer Zavvi's Irish stores have been put into provisional liquidation, in line with the situation in Britain. There are 114 Zavvi stores in the U.K. and 11 in Ireland. They employ 2,363 permanent staff and 1,052 temporar ...

  13. Zavvi Stores Refuse Gift Vouchers

    December 29, 2008 12:00 AM EST Customers holding gift vouchers for U.K. entertainment retailer Zavvi have been told to contact the joint administrators for a refund, although not all vouchers will be eligible to be exchanged for cash. Zavvi went into administration on Dec. 24, ...

  14. Ailing Zavvi Calls In Administrators

    December 24, 2008 12:00 AM EST U.K. entertainment retail chain Zavvi, has gone into administration, the U.K. equivalent of Chapter 11 bankrutcy protection. Administrators Ernst & Young said today they intended to trade the 114-store Zavvi UK with a view to selling all or pa ...

  15. Zavvi Denies Emergency Restructuring Claim

    December 12, 2008 12:00 AM EST U.K. entertainment retailer Zavvi has denied media reports that it has agreed to the appointment, by its creditors, of an emergency restructuring team from business advisory firm Ernst & Young. However, a company statement confirmed that Ernst ...

  16. EMI Publishing Promotes Corbett, Kelly

    January 22, 2008 12:00 AM EST The latest changes at EMI Group see EMI Music Publishing promote Leo Corbett to COO and Thomas Kelly to CFO. Corbett was executive VP/CFO for the publisher; Kelly was executive VP of finance. Corbett has spent the past year overseeing the implemen ...

  17. Koch Takes Helm At Handleman

    November 28, 2007 12:00 AM EST Steve Strome has retired as chairman and CEO of Handleman and is being replaced by Albert Koch, who has been named president and CEO. Koch is currently vice chairman and managing director of AlixPartners, an international financial advisory firm. ...

  18. Fopp Sheds 700 Staff

    July 03, 2007 12:00 AM EDT Fopp, the recently-defunct independent British music retailer, has axed 700-plus employees. Ernst & Young, the accountancy firm appointed administrator to the recently-collapsed chain, confirmed the job losses in a statement today. The adminis ...

  19. UMG Promotes David Ellner

    January 08, 2007 12:00 AM EST Universal Music Group (UMG) has promoted David Ellner to the newly created position of executive VP for global digital initiatives. Based in UMG's New York headquarters, Ellner reports to the company's executive committee, which is chair ...

  20. Former Warner Exec Joins Thomas H. Lee Partners

    January 09, 2006 12:00 AM EST Bressler most recently served as senior exec at Viacom. Richard J. Bressler has joined private equity firm Thomas H. Lee Partners as a managing director and head of its strategic resource group. Bressler was most recently senior executive VP and C ...

  21. Recording Academy Names Four Directors

    September 30, 2004 12:00 AM EDT The Recording Academy has made four executive appointments. The Recording Academy has made four executive appointments. Megan Clarke is upped to senior director of information technology. The former chief of technology has been with the Academy fo ...