European Union

  1. Spain Entertainment Industry Protests Heavy Tax on Concerts, Theater

    July 17, 2014 10:43 AM EDT Spain's entertainment industry has demanded the government reduce the 21 percent value-added tax on entertainment tickets, claiming that the measure introduced almost two years ago has slashed attendance and triggered business closures and jo ...

  2. Apple Under Investigation By E.U. Over Irish Tax Deals

    June 11, 2014 10:45 AM EDT The European Union's antitrust regulator has launched an investigation into tax deals that Apple, Starbucks and Fiat struck with some European countries, the start of a wider push to keep multinationals from taking advantage of loopholes. EU ...

  3. European Court: Viewing the Internet Doesn't Require Copyright Permission

    June 05, 2014 12:30 PM EDT A court ruling in the European Union holds that copies of infringing content on browser screens and in hard drive cache are merely transient and incidental. An appeals court in Europe has delivered a big decision that knocks down the notion that b ...

  4. European Parliament Approves Net Neutrality Law in Landslide Vote

    April 03, 2014 11:36 AM EDT The European Parliament voted to stop Internet providers from charging for preferential access to their networks on Thursday, a step cheered by consumer groups but bemoaned by the telecommunications industry. The bill on "net neutrality" ...

  5. UK Music Trade Body AMP Calls On Labels To Split Streaming Royalties 50/50

    March 13, 2014 7:00 AM EDT Last week, London-based trade body Artists, Managers, Performers (AMP) - a loose alliance between U.K. organizations the Musicians’ Union (MU), the Music Managers’ Forum (MMF) and the Featured Artists Coalition (FAC), which collectively represents ...

  6. Parlophone Purchase: What It Means For Warner Music and Universal

    February 07, 2013 2:20 PM EST In an unexpected and strong move, the Warner Music Group has won the auction for the Parlophone Label Group assets with a £487 million ($762 million) bid. The deal is expected to close mid-2013. The deal will give the Warner Music Group, the sma ...

  7. Biz Q&A: IFPI CEO Frances Moore On Expanding The Global Music Business

    February 06, 2013 8:50 PM EST A barrister by training, Frances Moore was appointed CEO of global trade body IFPI (International Federation of the Phonographic Industry) in July 2010, having previously headed IFPI's European regional office in Brussels, where she led the m ...

  8. BMG Acquires Mute Records Catalog

    December 21, 2012 6:15 PM EST In its second deal of the day, BMG Rights Management has acquired the Mute back catalog owned by EMI, which includes records released by artists like Depeche Mode, Erasure, Moby, Goldfrapp and Nick Cave. According to sources, BMG paid over 7 milli ...

  9. Concord Music Being Shopped to Private-Equity Firms, Not Strategic Suitors

    December 05, 2012 8:27 PM EST Reports that the Concord Music Group is up for sale are true, knowledgeable sources say. But there is one key factor that appears to have been overlooked thus far: management is controlling the company's sale process so far. Consequently, Con ...

  10. Morning Fix: Universal Music Predicts $158 Million Annual Boost From EMI; Ticketmaster & Walmart Expand Deal; Depeche Mode Signs With WME

    November 14, 2012 7:08 AM EST Head HERE to subscribe to Billboard's Morning Fix email and other free music-business newsletters UNIVERSAL MUSIC EARNINGS DIP, REVENUES RISE IN FIRST NINE MONTHS: Universal Music Group posted a 2.5% decline in earnings before interest taxes ...

  11. Universal Announces New Structure, Appointments for Nashville Label Group

    October 29, 2012 6:27 PM EDT In the wake of the EU and FTC's approvals of the Universal Music/EMI merger , the integration of the two companies' Nashville operations is coming together under chairman/CEO Mike Dungan. The four imprints within Universal Music Group Na ...

  12. Morning Fix: Pandora & Clear Channel Join Forces; Taylor (& Kendrick's) Week; Rolling Stone's $20 Warm-Up Gig

    October 25, 2012 8:30 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters TAYLOR SWIFT READY TO PAINT BILLBOARD 200 'RED,' KENDRICK LAMAR HEADING FOR NO. 2: Taylor Swift's "Red" is trending toward a 1 million-plus sales w ...

  13. Morning Fix: Rara Expands; Today's Apple Event; Bertelsmann, KKR & EMI; ATP Merger

    October 23, 2012 7:36 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters RARA ADDS IOS, EXPANDS MUSIC CATALOG, PARTNERS WITH LENOVO: On-demand subscription music company Rara has launched its service on Apple's iPad and iPhones , as well de ...

  14. Roger Faxon Joining Board of British TV Network ITV

    October 22, 2012 1:23 PM EDT Roger Faxon, former CEO of EMI Group Ltd, is joining the board of the UK's Independent Television Authority (ITV) as a non-executive director effective Oct. 31 2012, according to a release sent out by the network. "Roger will bring to th ...

  15. Morning Fix: The-Dream's Def Jam A&R Gig; ReDigi Vs. EMI; Jay-Z, Frank Ocean, Pharrell Hit Studio

    October 09, 2012 7:20 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. THE-DREAM NAMED EVP OF A&R AT DEF JAM; STEVE YEGELWEL JOINS MERCURY AS SVP OF A&R: 'Tis the season apparently for intense executive turntabling. The latest: W ...

  16. 'American Idol' Creator Simon Fuller to Bid on EMI Assets

    October 08, 2012 6:54 PM EDT Simon Fuller, the Spice Girls svengali and creator of the TV format behind American Idol, is looking to submit a bid for all the EMI businesses that Universal Music Group must sell. Vivendi-owned UMG recently won regulatory approval of its $1.9 bi ...

  17. Columbia COO Steve Barnett in Line to Head Up Universal's New Capitol Label Group: Source

    October 05, 2012 4:20 PM EDT Columbia Records co-chairman/COO Steve Barnett is potentially days away from taking the helm of a new Capitol Label Group at Universal Music, a source close to the situation told Billboard.biz Friday afternoon (October 5). The source stressed that ...

  18. Universal Completes $1.9 Billion EMI Recorded Music Acquisition

    September 28, 2012 8:47 AM EDT LONDON - Vivendi's Universal Music Group said Friday that it has completed the $1.9 billion acquisition of EMI's recorded music arm. "This is a next step towards ensuring the health of our industry," said UMG chairman and CEO L ...

  19. Universal Music CEO Lucian Grainge Says He'll 'Double A&R Investment' at Capitol, Virgin

    September 24, 2012 2:47 PM EDT Universal Music Group CEO Lucian Grainge was in bullish form late on Friday as in the wake of his company's acquisition of EMI Music finally clearing EU and US regulatory hurdle s. It was a long road that officially began when EMI went on the ...

  20. Business Matters: Universal's Deal for EMI No Longer a Sure Thing, But Still Worthwhile

    September 21, 2012 10:00 PM EDT How much will Universal Music Group miss that pound of flesh the European Commission took when it forced considerable concessions from the world's largest record company in exchange from its approval of a merger with EMI Music? That's th ...

  21. Universal Music-EMI Merger: UMG Struck Gold With PolyGram in the 1990s, Can They Do It Again?

    September 21, 2012 5:45 PM EDT Now that the Universal Music Group has approval to complete its acquisition of EMI's recorded music operation , it will hit the ground running to integrate the two companies, insiders say. The Universal Music Group already presided over a hig ...

  22. Universal-EMI: Lucian Grainge, IMPALA, Martin Mills, Other Reactions to Deal's Approval

    September 21, 2012 3:14 PM EDT As expected, the approval by the European Union and the Federal Trade Commission has inspired a number of dramatically opposing comments and reactions from the parties affected by and involved in the deal. Here's a collection of several we� ...

  23. FAQ on Approval of Universal Music - EMI Deal

    September 21, 2012 1:50 PM EDT As Universal Music Group's acquisition of EMI Music's recorded music division today received approval from both European and U.S. regulators , details have emerged about the exact steps Universal must take to win European Commission supp ...

  24. Universal Music's Acquisition of EMI Approved by Federal Trade Commission

    September 21, 2012 12:50 PM EDT The Federal Trade Commission has weighed in, rubber stamping the EU's decision to approve the Universal Music Group 1.2 billion euro acquisition of EMI, as expected. The Commission voted 5-0 to close its investigation without taking any actio ...

  25. EMI CEO Roger Faxon, CFO Ruth Prior to Step Down: Read Full Text of Letter

    September 21, 2012 10:19 AM EDT Not long after Universal Music Group's acquisition of EMI's recorded-music division was approved by the European Union on Friday, EMI CEO Roger Faxon announced that he and CFO Ruth Prior will be leaving the company, effective next Friday ...

  26. Universal-EMI Merger: A Timeline Of Events

    September 21, 2012 6:32 AM EDT The European Commission's approval of Universal Music's acquisition of EMI's recorded-music division -- albeit with major concessions -- is a milestone in a process that began some 15 months ago, was debated in the U.S. Senate, and ...

  27. Sony/ATV Auction for Virgin, Famous UK Catalogs Begins

    September 21, 2012 6:30 AM EDT The package of assets -- comprised of 30,000 copyrights from the Virgin and Famous Music U.K. publishing catalogs -- that the Sony-led consortium agreed to sell in order to gain regulatory approval to buy EMI Music Publishing is about to hit the a ...

  28. 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 ...

  29. Morning Fix: Universal-EMI EU Approval Tomorrow? Amanda Palmer Pays; Cash Money Signs Caskey

    September 20, 2012 12:33 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. AEG SALE LIKELY TO ATTRACT L.A. CONSORTIUM BID: The announcement that s ports and live-entertainment giant AEG is for sale for a reported $7 to $8 billion , has prompted s ...

  30. Backbeat: Michael Kiwanuka Wows a Packed Webster Hall With John Mayer, Martin Kierszenbaum, More

    September 19, 2012 4:50 PM EDT MIchael Kiwanuka with John Mayer, backstage at New York's Webster Hall after Kiwanuka's headlining set on Tuesday night (Photo: Jem Aswad) Fast-rising British singer/songwriter Michael Kiwanuka kicked off his first headlining U.S. tour a ...

  31. Universal Music-EMI Deal Expected to Be Approved by EU Friday

    September 13, 2012 7:11 PM EDT The Universal Music Group's proposed acquisition of EMI is headed for the endgame in the regulatory process. According to sources, on Friday the European Commission will put the deal and the concessions package to vote before full college of ...

  32. Universal Music-EMI: Vivendi Confirms Payment, But Status of Deal Is Still Unclear

    September 10, 2012 3:22 PM EDT Universal Music Group's bid to acquire part of EMI has entered its final phase of regulatory review in Europe, but while UMG parent Vivendi confirmed a first payment required under the deal, the status of European regulators' thinking ab ...

  33. EU to Vote on Universal-EMI Deal Tomorrow, Outcome Uncertain: Sources

    September 06, 2012 8:43 AM EDT Things are coming to a head in the European Union commission's review of Universal Music Group's bid to buy EMI's recorded-music operation. On Friday, an EU advisory committee is expected to vote on whether or not to approve the acq ...

  34. Morning Fix: Bankers Big Winners in EMI-UMG Deal; SEO B.S.; VMAs Relevance; Matchbox 20 Aim For No. 1

    September 06, 2012 7:50 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. MATCHBOX TWENTY AIMING FOR FIRST NO. 1 ALBUM ON NEXT WEEK'S BILLBOARD 200: Watch for Matchbox Twenty to nab its first No. 1 on the Billboard 200 next week. Also heade ...

  35. Morning Fix: EMI/Universal; Scooter Lands Psy; AEG's Michael Jackson Emails

    September 04, 2012 8:30 AM EDT Head HERE to subscribe to Billboard's FREE music-business newsletters. SCOOTER BRAUN, KOREAN VIRAL VIDEO SENSATION PSY ANNOUNCE LABEL PARTNERSHIP: Scooter Braun and Psy, the Korean pop star whose video for "Gangnam Style" this summe ...

  36. Bertelsmann H1 Earnings Rise, Interested In EMI Assets

    August 31, 2012 10:08 AM EDT Bertelsmann, which owns BMG Rights Management and Arvato, posted a net profit of 353 million euros ($443.95 million)on revenues of 7.6 billion euros ($9.6 billion) for the six month period ended June 30. That performance represented a 31.2% increa ...

  37. White Paper Urges FTC to Block UMG-EMI Deal; EU Nat'l Regulators Slated To Vote on Merger

    August 30, 2012 8:30 PM EDT The American Antitrust Institute, a Washington-based non-profit education, research, and advocacy organization, has issued a white paper entitled "Music Industry Consolidation: The Likely Anticompetitive Effects Of The Universal/Emi Merger&qu ...

  38. Universal Music-EMI Update: Where the Deal Stands Before Things Heat Up This Week

    August 24, 2012 5:13 PM EDT While things have been a bit quiet recently around the Universal Music Group's proposed acquisition of EMI, expect them to heat up toward the end of this week and especially after the Labor Day weekend. Universal/EMI: Deal Looks Likely to Be ...

  39. Universal-EMI Merger Approved By Canadian Regulators

    August 20, 2012 3:33 PM EDT Universal Music Group's proposed acquisition of EMI's recorded music division has passed another hurdle, albeit not the European Commission or FTC approval that the companies are so actively seeking. Today, the Canadian Competition Burea ...

  40. Universal Music In Talks With EU on Adding Global Rights To Remedies Package For EMI Deal

    August 10, 2012 12:40 PM EDT After market testing Universal Music Group's remedies package for its proposed acquisition of EMI, European Union regulators and UMG are in discussions to add global rights divestitures to the package, according to sources. Currently, the UMG ...

  41. Pressure Mounts For Universal Music To Make U.S. Concessions on EMI Deal

    August 06, 2012 8:06 AM EDT Universal Music Group's proposed remedy package to satisfy government regulators that they are divesting enough assets to allay antitrust concerns is facing increased pressure to include solutions that will make the sales of Anglo/American re ...

  42. Senators' Letter on Universal Music-EMI Deal Warns of 'Significant Competition Issues'

    August 03, 2012 1:24 PM EDT Two U.S. Senators today sent a letter to the Federal Trade Commission, asking it to carefully review Universal Music Group's proposed acquisition of EMI. "Without reaching any final judgment as to the legality of the deal under the antit ...

  43. Sony Music's Quarter: A Closer Look

    August 02, 2012 6:22 PM EDT Sony Corp.'s music operations -- which consist of three separate companies, Sony Music Entertainment, Sony/ATV Music Publishing and Sony Music Entertainment (Japan) -- experienced a drop in sales and income as the music category posted 7.3 bi ...

  44. Sony Corp's Losses Grow, Cuts Earnings Forecast

    August 02, 2012 8:41 AM EDT TOKYO (AP) -- Sony's red ink worsened in the April-June quarter and it lowered its full-year earnings forecast as it battles a strong yen and declining sales of liquid crystal display TVs and video game machines. The Japanese electronics and ...

  45. A2IM Speaks Out Against Universal-EMI Merger Again, Even More Forcefully

    July 30, 2012 7:19 PM EDT A2IM, the American Assn. of Independent Music, has reiterated its opposition to the Universal Music Group's acquisition of EMI in its most forceful statement yet . The statement is apparently prompted by the remedy package the Universal Music ...

  46. Read: EMI CEO Roger Faxon's Letter to Staff About Universal Deal

    July 27, 2012 4:16 PM EDT Today, not long after Universal Music submitted the long-delayed divestment package for its proposed acquisition of EMI's recorded-music division to the European Commission , moving the process one big step closer to a conclusion. EMI Group C ...

  47. Updated: UMG-EMI Divestment Package Revealed: Universal to Keep the Beatles

    July 27, 2012 1:09 PM EDT A source close to the situation told Billboard.biz the contents of the divestment package submitted today by Universal Music Group for its proposed acquisition of EMI' s recorded-music division to the European Commission. If accepted, it will ...

  48. Universal Finally Submits Divestment Package for EMI Deal to European Commission

    July 27, 2012 10:59 AM EDT As predicted on Thursday, Universal Music Group on Friday submitted its long-delayed divestment package for its proposed acquisition of EMI's recorded-music division to the European Commission, moving the process one big step closer to a conc ...

  49. Universal/EMI: Deal Looks Likely to Be Approved, But at What Cost to UMG?

    July 26, 2012 3:30 PM EDT The extensive, lengthy and ongoing negotiations between the Universal Music Group and the European Union Commission to hammer out a concessions package of assets to be divested means that the regulatory agency is likely to approve the acquisition ...

  50. Universal-EMI Divestment Package Expected to Be Complete by Monday, Possibly Sooner

    July 20, 2012 6:25 PM EDT As of late Friday afternoon (ET), the Universal Music Group's remedies package of assets to be divested as part of its effort to win regulatory approval of its proposed acquisition of still had not been formally submitted to the EU Commission ...

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