Financial economics

  1. Sources: Consortium Lining-Up Univision Bid

    March 10, 2006 12:00 AM EST Blackstone Group, KKR, Quadrangle in the mix. Blackstone Group, KKR, Quadrangle in the mix. News ...

  2. VNU Agrees To $8.9BN Acquisition

    March 08, 2006 12:00 AM EST Billboard parent VNU, a global information and media company based in the Netherlands, has agreed to be acquired by a consortium of six private equity investors. The offer values VNU's equity at &#x20 Billboard parent VNU, a global inform ...

  3. 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 ...

  4. 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 ...

  5. Musicland Group Files For Chapter 11

    January 12, 2006 12:00 AM EST Chain in process of liquidating 61 Media Play stores. As expected, the Musicland Group filed for Chapter 11 protection late Thursday afternoon in the U.S. Bankruptcy Court Southern District of New York. The chain has been experiencing financial di ...

  6. Blockbuster, N.J. Settle Over 'No Late Fees'

    January 10, 2006 12:00 AM EST Blockbuster will pay more than $140,000 to customers and the state of New Jersey in a settlement over its 'No Late Fees' program. Blockbuster will pay more than $140,000 to customers and the “state of New Jersey in a settlement over its ...

  7. Blockbuster Stores Differ On Fee Policy

    December 15, 2005 12:00 AM EST 'No Late Fees' discontinued at 150 locations. Blockbuster’s “No Late Fees” program is being discontinued at some of its franchise locations in the South. It is believed that about 150 Blockbuster-owned rental stores in Alabama, Arkansas, ...

  8. 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 ...

  9. Major Music Wholesaler For Sale

    December 05, 2005 12:00 AM EST Baker & Taylor being shopped by Goldman Sachs. Baker & Taylor, the books, video and music wholesaler based in Charlotte, N.C., is up for sale, sources say. Nearly 30 months after Willis Stein & Partners acquired the wholesaler in J ...

  10. 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 ...

  11. Movie Gallery Lets Go 100 Staffers

    October 28, 2005 12:00 AM EDT Consolidation with Hollywood continues. In its continued consolidation with Hollywood Entertainment, rental chain Movie Gallery will be letting go about 100 employees in an effort to reduce expenses and streamline operations. "Unfortunately, ...

  12. 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. ...

  13. Sanctuary Optimistic As Stock Woes Deepen

    September 21, 2005 12:00 AM EDT Stock in Sanctuary Group continued in its downward trend after the British independent firm today (Sept. 21) reported its third profit warning since June. The company has also openly blamed its expans Stock in Sanctuary Group continued in its down ...

  14. Sanctuary Optimistic As Stock Woes Deepen

    September 21, 2005 12:00 AM EDT Stock in Sanctuary Group continued in its downward trend after the British independent firm today (Sept. 21) reported its third profit warning since June. The company has also openly blamed its expans Stock in Sanctuary Group continued in its down ...

  15. Hastings Ent. Releases Financial Results

    August 25, 2005 12:00 AM EDT Chain hits earnings forecast in Q2. Chain hits earnings forecast in Q2. News ...

  16. 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 ...

  17. Blockbuster Earnings Down In Second Quarter

    August 09, 2005 12:00 AM EDT Rental chain reports $57.2 million net loss. Blockbuster today (Aug. 9) reports a $57.2 million net loss and a 1.6% total revenue decrease for the second quarter. The rental chain's stock fell about 10% to $7.22, from $8.01 at the end of Mond ...

  18. 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 ...

  19. 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 ...

  20. 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 ...

  21. WMG Stock Ends Second Day Down 1.8%

    May 12, 2005 12:00 AM EDT Warner Music Group stock fell another 1.8% in its second day of trading, closing at $16.10 today (May 12). The stock is down 90 cents from the $17 price tag it carried when it issued its IPO. Warner Music Group stock fell another 1.8% in its secon ...

  22. 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 ...

  23. 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 t Shares in Warner Music Group stumbled out ...

  24. 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 ...

  25. 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 ...

  26. 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 ...

  27. WMI Names CFO In London

    April 26, 2005 12:00 AM EDT Warner Music International has named Joseph (Jos) de Raaij as CFO. Based in London, he will report to COO Gero Caccia. Warner Music International has named Joseph (Jos) de Raaij as CFO. Based in London, he will report to COO Gero Caccia. De Raaij ...

  28. S&P's Cuts EMI Group Credit Rating To Junk Status

    April 26, 2005 12:00 AM EDT EMI Group Plc on April 21 had its credit rating lowered to "junk" status by Standard & Poor's Ratings Services. LONDON -- EMI Group Plc on April 21 had its credit rating lowered to "junk" status by Standard & P ...

  29. S&P's Cuts EMI Credit Rating To Junk Status

    April 21, 2005 12:00 AM EDT EMI Group Plc today (April 21) had its credit rating lowered to "junk" status by Standard & Poor's Ratings Services. EMI Group Plc today (April 21) had its credit rating lowered to "junk" status by Standard & P ...

  30. S&P's Cuts EMI Credit Rating To Junk Status

    April 21, 2005 12:00 AM EDT Outlook upgraded to stable. EMI Group Plc today (April 21) had its credit rating lowered to "junk" status by Standard & Poor's Ratings Services. S&P's lowered its long- and short-term corporate credit ratings on the com ...

  31. WMI Names CFO In London

    April 19, 2005 12:00 AM EDT Jos de Raaij worked for WMG in New York. Warner Music International has named Joseph (Jos) de Raaij as CFO. Based in London, he will report to COO Gero Caccia. De Raaij -- who replaces WMI senior VP/CFO Brian Porritt -- will work closely with WMI& ...

  32. WMI Names CFO In London

    April 19, 2005 12:00 AM EDT Jos de Raaij worked for WMG in New York. Warner Music International has named Joseph (Jos) de Raaij as CFO. Based in London, he will report to COO Gero Caccia. De Raaij -- who replaces WMI senior VP/CFO Brian Porritt -- will work closely with WMI& ...

  33. 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 ...

  34. 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' ...

  35. 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 ...

  36. 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 ...

  37. 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 ...

  38. Eidos Accepts Elevation Buyout; SCi Makes Play

    March 29, 2005 12:00 AM EST U.K. videogame maker Eidos Plc. said March 22 that it has agreed to a $136.3 million all-cash acquisition by Silicon Valley private equity firm Elevation Partners, whose partners include U2 singer Bon NEW YORK (The Hollywood Reporter) -- U.K. vide ...

  39. Clear Channel, MCD Make Move On Mean Fiddler

    March 11, 2005 12:00 AM EST Mean Fiddler Music Group today confirmed Clear Channel Entertainment and MCD Productions are lining-up a takeover bid. Mean Fiddler Music Group confirmed today (March 11) that Clear Channel Entertainment and MCD Productions are lining up a takeove ...

  40. Clear Channel, MCD Make Move On Mean Fiddler

    March 11, 2005 12:00 AM EST Mean Fiddler Music Group confirmed today (March 11) that Clear Channel Entertainment and MCD Productions are lining up a takeover bid. Mean Fiddler Music Group confirmed today (March 11) that Clear Channel Entertainment and MCD Productions are lin ...

  41. NJ Sues Blockbuster Over Late Fees Policy

    February 22, 2005 12:00 AM EST New Jersey Attorney General Peter C. Harvey filed a lawsuit Feb. 18 against Blockbuster Inc., claiming that the rental chain's "no late fees" policy violates the state's Consumer Fraud Act. LOS ANGELES -- New Jersey Attorney Ge ...

  42. NJ Sues Blockbuster Over Late Fees Policy

    February 18, 2005 12:00 AM EST New Jersey Attorney General Peter C. Harvey filed a lawsuit Feb. 18 against Blockbuster Inc., claiming that the rental chain's "no late fees" policy violates the state's Consumer Fraud Act. New Jersey Attorney General Peter C. ...

  43. NJ Sues Blockbuster Over Late Fees Policy

    February 18, 2005 12:00 AM EST Suit claims consumer fraud. New Jersey Attorney General Peter C. Harvey filed a lawsuit Feb. 18 against Blockbuster Inc., claiming that the rental chain's "no late fees" policy violates the state's Consumer Fraud Act. The suit, ...

  44. EMI Stock Tumbles On Profit Warning

    February 15, 2005 12:00 AM EST Stock in EMI Group took a hit Feb. 7 after the London-based major warned that recorded music sales are performing below expectations. EMI also said that two major album releases would be delayed. LONDON -- Stock in EMI Group took a hit Feb. 7 afte ...

  45. EMI Stock Tumbles On Profit Warning

    February 07, 2005 12:00 AM EST Stock in EMI Group took a hit after the London-based major today (Feb. 7) warned that recorded music sales are performing below expectations. EMI also said that two major album releases would be delay Stock in EMI Group took a hit after the London ...

  46. EMI Stock Tumbles On Profit Warning

    February 07, 2005 12:00 AM EST Stock in EMI Group took a hit after the London-based major today (Feb. 7) warned that recorded music sales are performing below expectations. EMI also said that two major album releases would be delay Stock in EMI Group took a hit after the London ...

  47. French Minister Backs Download Biz

    January 23, 2005 12:00 AM EST Investment funds for indies in the works. Investment funds for indies in the works. News ...

  48. Ex-Fox Kids Europe CEO Joins VC Firm

    January 17, 2005 12:00 AM EST Former Fox Kids Europe CEO Ynon Kreiz has joined global venture firm Benchmark Capital to head its new European media business. LONDON (The Hollywood Reporter) -- Former Fox Kids Europe CEO Ynon Kreiz has joined global venture firm Benchmark Capit ...

  49. Premiere Preps Details Of German IPO

    January 17, 2005 12:00 AM EST German pay TV provider Premiere is looking to go public on the German stock exchange during the first half of this year, sources close to the company confirmed Jan. 12. COLOGNE, Germany (The Hollywood Reporter) -- German pay TV provider Premiere i ...

  50. WMG Issues $700M In Bonds

    January 04, 2005 12:00 AM EST The Warner Music Group issued nearly $700 million in debt on Dec. 23 and will use the funds to pay equity shareholders a dividend and repurchase some of its common and preferred stock. NEW YORK -- The Warner Music Group issued nearly $700 million ...

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