Financial economics

  1. WMG Issues $700M In Bonds

    December 27, 2004 12:00 AM EST Investors to receive third payback. 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. The bonds comprised about ...

  2. MGM Deal Sails Through Shareholder Vote

    December 21, 2004 12:00 AM EST MGM shareholders on Dec. 17 approved the takeover proposal of $12 per share offered in September by Sony Corp. and its investment partners. (The Hollywood Reporter) -- MGM shareholders on Dec. 17 approved the takeover proposal of $12 per share off ...

  3. HOB Eyes Sale Of Concert Unit

    December 20, 2004 12:00 AM EST House of Blues Entertainment may be selling its concert subsidiary, HOB Concerts. According to a statement released by the company today (Dec. 20), HOB has retained global financial services firm UBS House of Blues Entertainment may be selling its ...

  4. Blockbuster Eliminates Late Fees

    December 14, 2004 12:00 AM EST Blockbuster announced today (Dec. 14) that its customers will not be charged late fees for rentals as of Jan. 1, 2005. Blockbuster announced today (Dec. 14) that its customers will not be charged late fees for rentals as of Jan. 1, 2005. Consumers ...

  5. Weed Owner Scores Funds

    December 06, 2004 12:00 AM EST Shared Media Licensing, operator of the Weed peer-to-peer distribution system, has received an investment of an undisclosed sum from AV Capital, the newly formed private equity arm of Seattle-based ma Shared Media Licensing, operator of the Weed p ...

  6. EMI Interim Report Boosts Share Price

    November 19, 2004 12:00 AM EST Aggressive cost-cutting and restructuring allowed EMI to report a small gain in operating profits for the first half of its financial year, despite a double-figure fall in total revenues. Aggressive cost-cutting and restructuring allowed EMI to re ...

  7. EMI Interim Report Boosts Share Price

    November 19, 2004 12:00 AM EST Aggressive cost-cutting and restructuring allowed EMI to report a small gain in operating profits for the first half of its financial year, despite a double-figure fall in total revenues. Aggressive cost-cutting and restructuring allowed EMI to re ...

  8. Morgan Stanley Cuts EMI Rating

    October 26, 2004 12:00 AM EDT Investment bank Morgan Stanley has cut its rating for EMI Group plc to "underweight" from "equal weight" and lowered its target price to 205p a share from 250p. (Reuters) -- Investment bank Morgan Stanley has cut its rating for ...

  9. Morgan Stanley Cuts EMI Rating

    October 21, 2004 12:00 AM EDT Investment bank Morgan Stanley has cut its rating for EMI Group plc to "underweight" from "equal weight" and lowered its target price to 205p a share from 250p. Investment bank Morgan Stanley has cut its rating for EMI Group pl ...

  10. Morgan Stanley Cuts EMI Rating

    October 21, 2004 12:00 AM EDT Investment bank Morgan Stanley has cut its rating for EMI Group plc to "underweight" from "equal weight" and lowered its target price to 205p a share from 250p. Investment bank Morgan Stanley has cut its rating for EMI Group pl ...

  11. Hollywood Ent. Reaches Buyout Deal

    October 19, 2004 12:00 AM EDT Shares of Hollywood Entertainment were flying higher Oct. 14 after the nation's second-largest video rental firm said it has agreed to a lower price tag for a buyout by California-based investment fir New York (The Hollywood Reporter) -- Shar ...

  12. IFPI: Record Biz Value Falls 1.3% In First Half

    September 30, 2004 12:00 AM EDT New interim figures published today by the IFPI reveal a slowing in the rate of decline for global recorded music shipments. The estimated retail value of the worldwide industry in the first half of 2 New interim figures published today by the IFP ...

  13. IFPI: Record Biz Value Falls 1.3% In First Half

    September 30, 2004 12:00 AM EDT New interim figures published today by the IFPI reveal a slowing in the rate of decline for global recorded music shipments. The estimated retail value of the worldwide industry in the first half of 2 New interim figures published today by the IFP ...

  14. Artemis Names Scully As CFO

    September 14, 2004 12:00 AM EDT Chris Scully has been named CˆFO for Artemis Records, based in New York. He will report directly to Artemis chairman/CEO Danny Goldberg. Chris Scully has been named CˆFO for Artemis Records, based in New York. He will report directly to Artemis ch ...

  15. U.K. Venues Firm McKenzie Changes Hands

    September 01, 2004 12:00 AM EDT Private-equity institution Royal London Private Equity has completed a £33.5 million ($60 million) management buyout of British venues operator McKenzie Group (MKG), owner of the Academy-branded Private-equity institution Royal London Pri ...

  16. U.K. Venues Firm McKenzie Changes Hands

    September 01, 2004 12:00 AM EDT Private-equity institution Royal London Private Equity has completed a £33.5 million ($60 million) management buyout of British venues operator McKenzie Group (MKG), owner of the Academy-branded Private-equity institution Royal London Pri ...

  17. Target, Amazon Get Michael Moore DVD Set

    August 30, 2004 12:00 AM EDT Four-disc MGM release out in October. Four-disc MGM release out in October. News ...

  18. Heavy D's Insurer Ordered To Pay

    August 24, 2004 12:00 AM EDT Nearly 13 years after a stampede by fans at a celebrity basketball game, an insurance dispute over Heavy D & the Boyz's coverage for deaths and injuries at the event was tried without a jury in a NEW YORK -- Nearly 13 years after a st ...

  19. Report: Bono Joining Venture Capital Firm

    June 15, 2004 12:00 AM EDT Tech, videogame vets are founders. Bono, lead singer for rock band U2, has joined a Silicon Valley venture capital firm that plans to invest in media and entertainment projects, according to a published report. The 44-year-old singer is joining th ...

  20. Sony Denies IPO Speculation

    May 12, 2004 12:00 AM EDT Sony Corp. is denying a published report that the conglomerate is considering an IPO of its U.S.-based entertainment assets. Sony Corp. is denying a published report that the conglomerate is considering an IPO of its U.S.-based entertainment asset ...

  21. Clear Channel Names Mark Mays Interim CEO

    May 09, 2004 12:00 AM EDT Clear Channel Communications president/COO Mark Mays has been named interim CEO of the San Antonio-based company. Clear Channel Communications president/COO Mark Mays has been named interim CEO of the San Antonio-based company. His father Lowry Ma ...

  22. Blair: Clear Channel Starts Strong In 2004

    May 05, 2004 12:00 AM EDT Estimated Earnings Per Share up 33%. Estimated Earnings Per Share up 33%. News ...

  23. Sanctuary Hires Credit Suisse First Boston

    May 04, 2004 12:00 AM EDT London-based independent music company Sanctuary Group plc has hired investment bank Credit Suisse First Boston (CSFB) as its broker and corporate adviser. London-based independent music company Sanctuary Group plc has hired investment bank Credit ...

  24. Sanctuary Hires Credit Suisse First Boston

    May 04, 2004 12:00 AM EDT London-based independent music company Sanctuary Group plc has hired investment bank Credit Suisse First Boston (CSFB) as its broker and corporate adviser. London-based independent music company Sanctuary Group plc has hired investment bank Credit ...

  25. Time Warner's Net Income Doubles in Q1

    April 29, 2004 12:00 AM EDT Time Warner Inc.'s net income more than doubled in the first quarter, driven by a gain from the sale of its music company, strong results from film and TV and improved profitability at America Online. Time Warner Inc.'s net income more t ...

  26. Former EMI Denmark Execs Unveil MBO

    April 28, 2004 12:00 AM EDT New venture will 'strategically coach' music firms. New venture will 'strategically coach' music firms. News ...

  27. Record Biz Down 7.6% To $32 Billion

    April 07, 2004 12:00 AM EDT Despite encouraging performances in several key markets and the continuing growth of DVD, the value of the global recorded music industry in 2003 fell 7.6% to $32 billion. According to a report releas Despite encouraging performances in several ke ...

  28. Biz Analyst Dixon Joins Gabelli

    April 06, 2004 12:00 AM EDT Industry veteran was managing director for UBS. Industry veteran was managing director for UBS. News ...

  29. Biz Analyst Dixon Joins Gabelli

    April 06, 2004 12:00 AM EDT Music-industry analyst Christopher Dixon has joined privately owned investment group Gabelli Group Capital Partners (GGCP) as managing director. Music-industry analyst Christopher Dixon has joined privately owned investment group Gabelli Group Cap ...

  30. Clear Channel Board OKs Stock Repurchase

    March 30, 2004 12:00 AM EST Shares worth $1 billion to be bought back under plan. The board of directors of Clear Channel Communications has authorized a share-repurchase program of up to $1 billion. The program will be conducted over the next 12 months. Clear Channel has a ...

  31. Moody's Downgrades Bowie Bonds

    March 22, 2004 12:00 AM EST The bonds backed by publishing and recording rights on singer David Bowie's back catalog have been hit by a ratings downgrade from Moody's Investors Service. The bonds backed by publishing and recording rights on singer David Bowie' ...

  32. Bronfman's WMG Buy Expected To Close Sunday

    February 27, 2004 12:00 AM EST Investment group wiring funds for label sale. Investment group wiring funds for label sale. News ...

  33. UBS Upgrades EMI Rating

    February 24, 2004 12:00 AM EST Investment bank UBS on Tuesday upgraded its rating on EMI Group plc on the prospect of a recovery for the recorded music industry. UBS bumped up its price target on EMI Group plc to 347p from 261p. St Investment bank UBS today (Feb. 24) upgraded i ...

  34. RealNetworks Music Sales Get Q4 Bump

    January 29, 2004 12:00 AM EST RealNetworks says it generated $7.9 million in digital music revenue during the fourth quarter of 2003 -- a 70% increase over the $4.7 million it had in the third quarter. For the year, Real generated RealNetworks says it generated $7.9 million in ...

  35. RealNetworks Music Sales Get Q4 Bump

    January 29, 2004 12:00 AM EST RealNetworks says it generated $7.9 million in digital music revenue during the fourth quarter of 2003 -- a 70% increase over the $4.7 million it had in the third quarter. For the year, Real generated RealNetworks says it generated $7.9 million in ...

  36. Clear Channel Reaching Out To Local Markets

    January 12, 2004 12:00 AM EST Company sets up local advisory boards Clear Channel has formed advisory boards in an attempt to stay in touch with developments in the local markets it covers. Local managers from the company's radio, entertainment, outdoor and television div ...

  37. Univision To Buy Shares From CCC

    January 08, 2004 12:00 AM EST Media company to offer 15.8 million shares Spanish-language media company Univision Communications says it plans to offer 15.8 million shares of its common stock to the public and will use the proceeds to repurchase a stake held by Clear Channel C ...

  38. Univision To Buy Shares From CCC

    January 08, 2004 12:00 AM EST Company plans to offer 15.8 million shares to public Spanish-language media company Univision Communications says it plans to offer 15.8 million shares of its common stock to the public and will use the proceeds to repurchase a stake held by Clear ...

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