Finance

  1. Bidders Set For Tower Records Auction

    October 03, 2006 12:00 AM EDT Trans World viewed as likely front-runner. Although 16 bidders have come forward to participate in the Chapter 11 auction of Tower Records on Thursday (Oct. 5), odds are the chain will either be acquired by Trans World Entertainment or liquidated ...

  2. Tax Credit Scheme Talk Heats Up

    September 25, 2006 12:00 AM EDT U.K. trade body the BPI has entered the debate on tax breaks for labels. In a statement issued today (Sept. 25), the London-based industry organization called on its government to extend a tax credit U.K. trade body the BPI has entered the debate ...

  3. Tower On Shaky Ground, Again

    August 11, 2006 12:00 AM EDT Retailer on verge of another Chapter 11. Tower Records is facing an imminent Chapter 11. That’s a certainty, according to top major-label distribution and financial executives, all speaking on condition of anonymity. But what kind of filing will i ...

  4. Ex-Warner/Chap Exec Forms Crosstown Songs

    August 04, 2006 12:00 AM EDT Music publisher backed by private equity fund. Music publisher backed by private equity fund. News ...

  5. Shareholder Sues Over Univision Sale

    July 03, 2006 12:00 AM EDT Filing alleges Univision board of selling at an unfair price. A shareholder has filed a proposed class action suit against Univision Communications, trying to stop the acquisition of the company by a group of private equity investors. The suit, fi ...

  6. Report: EMI Lines Up BMG Publishing Buy

    June 26, 2006 12:00 AM EDT Stock rises on private equity news. Stock rises on private equity news. News ...

  7. Source: Alliance, Tower To Have New Ownership Soon

    June 09, 2006 12:00 AM EDT Bids due June 9 for Tower. Two of the largest accounts in the music business may soon have new owners. Sources say that publicly traded Source Interlink, the parent of Alliance Entertainment Corp. (AEC), is being shopped by Deutsche Bank Securitie ...

  8. Retail Track

    May 22, 2006 12:00 AM EDT Some vendors are heartened that a Wall Street private equity firm is investing in a big way in an entertainment packaged goods wholesaler. But don't break out the champagne just yet. Read Ed Christman Some vendors are heartened that a Wall St ...

  9. Retail Track

    May 22, 2006 12:00 AM EDT Some vendors are heartened that a Wall Street private equity firm is investing in a big way in an entertainment packaged goods wholesaler. But don't break out the champagne just yet. Read Ed Christman Some vendors are heartened that a Wall St ...

  10. Retail Track

    May 22, 2006 12:00 AM EDT Some vendors are heartened that a Wall Street private equity firm is investing in a big way in an entertainment packaged goods wholesaler. But don't break out the champagne just yet. Read Ed Christman Some vendors are heartened that a Wall St ...

  11. The Publishers' Place

    May 22, 2006 12:00 AM EDT Songwriters with valuable catalogs may want to delay any sale until next year. A new law is likely to go into effect Jan. 1 that may substantially reduce songwriters' federal tax liability. Read Susan Songwriters with valuable catalogs may wa ...

  12. Retail Track

    May 22, 2006 12:00 AM EDT Some vendors are heartened that a Wall Street private equity firm is investing in a big way in an entertainment packaged goods wholesaler. But don't break out the champagne just yet. Read Ed Christman Some vendors are heartened that a Wall St ...

  13. Live Nation Q1 Revenues Jump $72 Million

    May 05, 2006 12:00 AM EDT Posts a 16% rise over first quarter 2005. Live Nation, the world’s largest concert promoter and live event producer, rang up $516.6 million in revenues for the first quarter of 2006, an increase of $72.1 million, or 16%, over Q1 2005. Operating in ...

  14. Warner Music Posts Q2 Loss

    May 05, 2006 12:00 AM EDT Warner Music Group Corp. on Friday (May 5) posted a quarterly loss, though domestic sales were strong and digital revenues rose substantially. Warner Music Group Corp. on Friday (May 5) posted a quarterly loss, though domestic sales were strong an ...

  15. Sheridan Square Pulls Out Of Hirsch Merger

    April 28, 2006 12:00 AM EDT V2 acquisition impacted financials of deal. As expected, Sheridan Square Entertainment is pulling out of its planned merger with publicly traded Hirsch International, an industrial embroidery machine distributor. The independent label initially ey ...

  16. Sheridan Square Pulls Out Of Hirsch Merger

    April 27, 2006 12:00 AM EDT V2 acquisition impacted financials of deal. As expected, Sheridan Square Entertainment is pulling out of its planned merger with publicly traded Hirsch International, an industrial embroidery machine distributor. The independent label initially ey ...

  17. Tower Records Up For Sale

    February 23, 2006 12:00 AM EST Tower Records, the U.S. record industry’s most famous retail brand, is on the block once again. The investment banking firm of Houlihan Lokey Howard & Zukin has been hired to shop the 90-unit, W Tower Records, the U.S. record industry’s mo ...

  18. Ingenious Launches New VC Trust To Fund New Acts

    January 18, 2006 12:00 AM EST The Heights benefit from $528,000 fund. London-based specialist media investment and advisory business Ingenious has launched its second music venture capital trust to invest in recording artists. The initiative, Ingenious Music VCT 2, is targetin ...

  19. Ingenious Launches New VC Trust To Fund New Acts

    January 18, 2006 12:00 AM EST London-based specialist media investment and advisory business Ingenious has launched its second music venture capital trust to invest in recording artists. The initiative, Ingenious Music VCT 2, is t London-based specialist media investment and a ...

  20. Westwood One CEO Exits

    December 08, 2005 12:00 AM EST In an unexpected resignation, Shane Coppola is stepping down as Westwood One president/CEO, effective Thursday (Dec. 8). Coppola is also resigning as a director on the network's board but will continu In an unexpected resignation, Shane Coppo ...

  21. Warner Prefers To Return Cash Via Dividends

    December 06, 2005 12:00 AM EST Warner Music Group Corp. views an increase in the company's dividend as a preferred way to pay cash back to shareholders as opposed to paying down debt or buying back shares, a senior executive said o Warner Music Group Corp. views an increas ...

  22. Clear Channel To Issue CCE Spinco Dividend

    December 05, 2005 12:00 AM EST Distributed around Dec. 21. Clear Channel Communications will execute its spin-off of CCE Spinco by distributing the CCE shares in a dividend around Dec. 21, pending clearance by U.S. securities regulators. Clear Channel shareholders on December 1 ...

  23. German Producers Laud Gov't Plans

    November 29, 2005 12:00 AM EST German producers have welcomed a pledge by the new government to improve conditions for investing in local film and television production. COLOGNE, Germany (The Hollywood Reporter) -- German producers have welcomed a pledge by the new government t ...

  24. Sanctuary Eyeing Accounting Changes

    October 31, 2005 12:00 AM EST Sanctuary Group has warned that it is facing an adjustment in its financial results as it initiates a review of its accounting policies. Sanctuary Group has warned that it is facing an adjustment in its financial results as it initiates a review o ...

  25. Sanctuary Eyeing Accounting Changes

    October 31, 2005 12:00 AM EST Sanctuary Group has warned that it is facing an adjustment in its financial results as it initiates a review of its accounting policies. Sanctuary Group has warned that it is facing an adjustment in its financial results as it initiates a review o ...

  26. Sony BMG Loses $60 Million In Q2

    October 27, 2005 12:00 AM EDT Attributes loss to restructuring, 'harsh' market. Attributes loss to restructuring, 'harsh' market. News ...

  27. Not For Sale: Sanctuary Taken Off The Market

    October 04, 2005 12:00 AM EDT Troubled U.K.-based music indie Sanctuary group took down its for sale sign Sept. 26 with a statement to the London Stock Exchange in which it said the company intended to cut costs and rebuild instea LONDON (The Hollywood Reporter) -- Troubled U. ...

  28. Warner Releases Fourth Quarter Financials

    October 03, 2005 12:00 AM EDT To pay dividend of 13 cents per share. To pay dividend of 13 cents per share. News ...

  29. Ex-FCC Chairman Powell Joins Providence Equity

    August 16, 2005 12:00 AM EDT Former Federal Communications Commission Chairman Michael Powell has joined private equity firm Providence Equity Partners, which focuses on the media and communications sectors, as a senior advisor. (The Hollywood Reporter) -- Former Federal Comm ...

  30. Some Early TVT Titles On Auction Block

    July 26, 2005 12:00 AM EDT The music catalog assets used as collateral to secure a $23.5 million loan to TVT Catalog Enterprises LLC and subsidiaries are being put up for auction by the lender, Prudential Securities Credit Corp NEW YORK -- The music catalog assets used as c ...

  31. Warner Gets 'Buy' Rating

    July 07, 2005 12:00 AM EDT Analyst sets target price of $22. Analyst sets target price of $22. News ...

  32. Warner Gets 'Buy' Rating

    July 07, 2005 12:00 AM EDT Deutsche Bank Securities, an underwriter in the recent Warner Music Group IPO, has issued a buy rating on major label’s stock. In a July 6 research note to investors, analyst Douglas Mitchelson said Deutsche Bank Securities, an underwriter in the ...

  33. New Film Co. Inks Deal With WBP

    June 28, 2005 12:00 AM EDT Giving a $500 million boost to its film financing coffers, Warner Bros. Pictures has signed a multiyear, 25-picture agreement with Legendary Pictures, a new shingle backed by major private investors a LOS ANGELES (The Hollywood Reporter) -- Giving ...

  34. Sacem Revenues Post Limited Growth in 2004

    June 24, 2005 12:00 AM EDT Income from mechanical rights dropped 24%. French authors rights society Sacem collected in 2004 € 726.5 million ($ 881 million), a 2.5% increase over 2003. Sacem distributed € 578.1 million ($ 701 million) to its members, € 300 000 ($ 363 800) mo ...

  35. Germans Have A Little Film Fund

    May 17, 2005 12:00 AM EDT Just days after introducing legislation that could shut down one of Hollywood's most lucrative sources of international film financing -- the German private investment funds -- the Berlin government h (The Hollywood Reporter) -- Just days aft ...

  36. Warner Music Reveals Net Loss

    May 16, 2005 12:00 AM EDT Warner Music Group says it posted a fiscal second quarter net loss of $18 million vs. a net loss of $45 million during the same period a year ago. Warner Music Group says it posted a fiscal second quarter net loss of $18 million vs. a net loss of ...

  37. Update: WMG Stock Ends First Day Down 3.5%

    May 11, 2005 12:00 AM EDT Shares in Warner Music Group ended the first day of trading today (May 11) on the New York Stock Exchange down 3.5% at $16.40, following a $554.2 million initial public offering at $17 a share. Shares in Warner Music Group ended the first day of t ...

  38. Warner Music IPO Opens Below Asking Price

    May 11, 2005 12:00 AM EDT Shares in Warner Music Group stumbled out of the gates this morning following the company’s initial public offering of 32.6 million shares at $17 a share. After opening at $16.60 the stock, which is Shares in Warner Music Group stumbled out of the ...

  39. Warner Music Trims Price Of IPO

    May 10, 2005 12:00 AM EDT Trading expected to begin Wednesday. Just hours ahead of the expected pricing of its initial public offering, Warner Music Group is reportedly trimming the price of the deal. Additionally, its investors are said to be scrapping plans to sell some ...

  40. Death Knell Tolls For German Film Funds

    May 03, 2005 12:00 AM EDT The German government could move as early as May 5 to push through a new law that will shut down one of Hollywood's top sources of international film financing: German film funds. COLOGNE, Germany (The Hollywood Reporter) -- The German govern ...

  41. Germany Zeros In On Media Funds

    April 19, 2005 12:00 AM EDT German media funds, the tax shelter financing tool that pumped $1.7 billion into mainly Hollywood productions last year, soon could be history as the German government fast-tracks plans to close tax l CANNES, France (The Hollywood Reporter) -- Ger ...

  42. WMG Sets IPO Price Range

    April 19, 2005 12:00 AM EDT Warner Music Group has set a price range of $22-$24 for its upcoming initial public offering. NEW YORK -- Warner Music Group has set a price range of $22-$24 for its upcoming initial public offering. The company says in a filing with the Securitie ...

  43. Sheridan Square In Merger Talks

    April 18, 2005 12:00 AM EDT Artemis parent near deal with embroidery firm. Sheridan Square Entertainment, which owns Artemis and Musicrama, is negotiating a merger with Hirsch International Corp., a publicly traded distributor of embroidery machines and systems. Terms of the ...

  44. Sheridan Square In Merger Talks

    April 18, 2005 12:00 AM EDT Artemis parent near deal with embroidery firm. Sheridan Square Entertainment, which owns Artemis and Musicrama, is negotiating a merger with Hirsch International Corp., a publicly traded distributor of embroidery machines and systems. Terms of the ...

  45. WMG Sets IPO Price Range

    April 18, 2005 12:00 AM EDT Shares to be set at $22-$24. Warner Music Group has set a price range of $22-$24 for its upcoming initial public offering. The company says in a filing with the SEC that it intends to offer 27.17 million shares to the public. In addition, WMG' ...

  46. WMG Eyes $581M From IPO

    April 12, 2005 12:00 AM EDT Warner Music Group says in a filing with the Securities and Exchange Commission that it expects to receive net proceeds of $581 million, after deducting expenses associated with its upcoming $750 mill NEW YORK -- Warner Music Group says in a filin ...

  47. WMG Eyes $581M From IPO

    April 08, 2005 12:00 AM EDT Most proceeds will pay debt, owners. Most proceeds will pay debt, owners. News ...

  48. WMG Eyes $581M From IPO

    April 08, 2005 12:00 AM EDT Most proceeds will pay debt, owners. Warner Music Group says in a filing with the Securities and Exchange Commission that it expects to receive net proceeds of $581 million after deducting expenses associated with its upcoming $750 million initial ...

  49. Private Cash Flowing Into New Media Landscape

    April 05, 2005 12:00 AM EDT The ongoing infusion of as much as $15 billion in private equity into new and old media deals will alter some ownership and economic dynamics of an industry that's already being transformed by digital (The Hollywood Reporter) -- The ongoing i ...

  50. EchoStar Audit Finds Financial Control Deficiencies

    March 22, 2005 12:00 AM EST An internal EchoStar Communications Corp. audit found "significant deficiencies" in its internal controls over financial reporting, but those shortcomings won't require adjustment of its financial sta ENGLEWOOD, Colo. (AP) -- An int ...

Pages