Financial services

  1. Publishing Briefs: Kobalt to Invest $100 Million in Advances, Copyrights

    October 09, 2012 7:47 PM EDT Kobalt to Invest $100 Million in Advances, Copyrights The Kobalt Music Group, via funds raised by Kobalt Capital Ltd, plans to invest $100 million over the next 12 months in paying advances and buying copyrights. Through its subsidiary Kobalt Capi ...

  2. BIllboard Power 100: Rich Lehrfeld

    January 26, 2012 7:12 PM EST No. 70 Rich Lehrfeld VP of Global Sponsorship, Marketing and Access American Express Membership Has Its Privileges... American Express, long one of the most important sponsors in events and touring, is quickly becoming a key player in music conten ...

  3. Sony Corp. USA To own 38% of EMI Music Publishing, No Official Word on Staffing

    November 11, 2011 8:46 PM EST Sony Corp. USA will own 38% of EMI Music Publishing and provide management oversight for the EMI music publishing operations. That's the word from Rob Wiesenthal, the executive VP/CFO at Sony Corporation of America. "We are providing ope ...

  4. Berlin Promoter Deutsche Entertainment AG Expanding To Switzerland With Starclick

    October 28, 2011 2:32 PM EDT BERLIN - The German concert promoter Deutsche Entertainment AG (DEAG) in Berlin has joined forces with the Swiss media company Ringier AG to form the concert agency Starclick Entertainment AG, in Zurich The new company will work independently in S ...

  5. BMG Rights Management to Purchase Bug Music

    September 12, 2011 8:14 AM EDT BMG Rights Management is buying U.S. music publisher Bug Music, Inc., which was Founded in 1975 and is headquartered in Los Angeles. Financial terms of the transaction, which is expected to close by October, were not disclosed, although sources te ...

  6. Tim Chang Leaving Norwest for Mayfield

    September 06, 2011 4:23 PM EDT Tim Chang, partner at Norwest Venture Partners, is leaving to join venture capital group Mayfield Fund. His new role will be that of managing director, according to Fortune . Chang focuses on gaming, digital media, social media and mobile. He' ...

  7. Paty Cantu Partners with Univision, MasterCard

    June 21, 2011 7:10 AM EDT Univision Communications and MasterCard have partnered with a music artist-Mexican pop singer Paty Cantu-to be the new face of Univision's MasterCard Prepaid Card and also, to appear on a series of spots for MasterCard's "Priceless& ...

  8. Warner Music Bidding Down to Three, More Could Join

    April 18, 2011 2:58 PM EDT The race for Warner Music Group is now down to the three most credible bids but the board would consider more bidders, according to a person with knowledge of the discussions. These three companies were identified by a Bloomberg report as Yucaipa ...

  9. False Assumption Led To EMI bid, Hands Testifies

    October 19, 2010 12:00 AM EDT Guy Hands bid for storied music company EMI in 2007 based on false statements from a Citigroup banker that there was a rival offer he had to beat, the British financier told a jury on Tuesday. Hands, who founded Terra Firma Capital Partners, took ...

  10. Terra Firma's Hands in NY Trial Battle vs. Citi

    October 18, 2010 12:00 AM EDT A fraud claim by British financier Guy Hands against Citigroup Inc over his $6.4 billion buyout of legendary music company EMI in 2007 went to trial in New York on Monday (Oct. 18), the two sides apparently unable to settle their dispute out of co ...

  11. EMI Reaches Deal On Pension Fund

    October 15, 2010 12:00 AM EDT EMI Group has reached a funding agreement with the Trustees Board of the company pension fund. In a statement, EMI said a multi-year payment plan has been agreed to provide £197 million ($316 million) in additional funding including an immediate £ ...

  12. Business Matters: EMI Pension Fund, Fake Reviews, Bananarama

    August 27, 2010 12:00 AM EDT EMI'S PENSION PROBLEMS -- It would be ironic if EMI 's biggest problems came not from its debt but from a liability unrelated to the credit bubble or the recorded music downturn: its pension fund. As ( Billboard.biz has reported ), the U ...

  13. Pensions Regulator To Decide On EMI

    August 27, 2010 12:00 AM EDT The U.K. Pensions Regulator has been asked to rule on the funding of the EMI pension scheme because the trustees and the company cannot reach agreement, the BBC reports. It will be the first time the Pensions Regulator has decided how much extra c ...

  14. EMI Notes: Pension Controversy Back, Questions About Citi's Intentions

    May 17, 2010 12:00 AM EDT -- EMI 's pension fund has been a cloud hanging over Terra Firma since the private equity firm acquired the music company. Now, Britain's pension regular is calling on Terra Firma to fill a £250 million gap in funding . Extra payments in ...

  15. New Digital Media VC Fund Shows Hope Springs Eternal

    April 16, 2010 12:00 AM EDT Despite the tough conditions for digital media, entrepreneurs and investors continue to pour money into new ideas. On Wednesday, Greycroft Partners announced it will launch its second digital media fund. Greycroft’s first fund was launched in 2006 ...

  16. MySpace Australia Targets Teens With Pre-Paid Visa

    August 28, 2009 12:00 AM EDT MySpace Australia has joined forces with the ANZ bank to offer a pre-paid Visa card. The MySpace Recharge Card is billed as the first re-loadable prepaid Visa on the market down under. The cards costs cost $5.95 Australian ($5) and users can load ...

  17. U.K. Visa Lobbying Gets Positive Hearing

    April 03, 2009 12:00 AM EDT Representatives of the U.K. live entertainment sector say they have received "very positive responses" from government over concerns about a contentious points-based visa system which they claim is dissuading performers from appearing in ...

  18. Barclaycard To Sponsor Mercury Prize

    March 30, 2009 12:00 AM EDT Barclaycard and the Mercury Prize have joined forces on a four-year partnership that sees the credit card company become title sponsor of the prestigious U.K. music award. Effective immediately, Barclaycard -- an arm of global financial services p ...

  19. E1 Obtains $150M Revolving Credit Facility

    September 26, 2008 12:00 AM EDT Amidst the highly publicized credit crunch, Entertainment One has obtained a four-year, $150 million revolving credit facility from a consortium of banks led by JP Morgan. Participating banks also include Bank of America, Barclays and Toronto Domi ...

  20. MasterCard Campaign Offers Free UMG Downloads

    July 03, 2008 12:00 AM EDT MasterCard this week launched a campaign with an extensive music component. As part of a new campaign dubbed "Roots of Rock" from New York ad agency McCann-Erickson the credit card maker is offering MasterCard holders free downloads from ...

  21. Universal France Goes Plastic With Credit Card Initiative

    May 23, 2008 12:00 AM EDT Universal Music and French bank Société Générale will launch on May 26 a co-branded credit card offering users access to numerous music services. The So Music card will be available to customers of Société Générale in France. In addition to the us ...

  22. Edge Group Defies Downturn

    April 14, 2008 12:00 AM EDT The Edge Group says it has defied the global credit crunch gloom afflicting the investment market by raising £21.5 million ($42.7 million) in the past year. Edge Performance VCT has now doubled the size of its funds under management to £40 million ...

  23. Summers Fronts Music Investment Vehicle

    February 06, 2008 12:00 AM EST Jazz Summers, chairman of the Music Managers Forum, is teaming with venture capital and advisory firm Power Amp Music to launch a tax-efficient investment vehicle with a view to developing U.K. artists. Summers and Tim Parry, co-founders of Big Li ...

  24. NARM Coverage: New Laws Threaten Used CD Market

    May 01, 2007 12:00 AM EDT New legislation aimed at curbing the sale of stolen goods could threaten the growing used CD marketplace in a number of states. The National Assn. of Recording Merchandisers outside counsel, John Mitchell, an attorney with Washington, D.C.-based I ...

  25. 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 ...

  26. Sources: Consortium Lining-Up Univision Bid

    March 10, 2006 12:00 AM EST Blackstone Group, KKR, Quadrangle in the mix. A group of investors including Mexican broadcaster Televisa is planning to launch a bid for Spanish-language U.S. media company Univision Communications Inc., which is eyeing a sale, a source familiar ...

  27. HOB, Visa Partner For Perks Program

    February 01, 2006 12:00 AM EST Begins with L.A. concert series Feb. 4. A new partnership between House of Blues Entertainment and Visa USA will give Visa Signature cardholders special benefits at HOB venues across the country. The partnership will kick off Feb. 4 with the “Sign ...

  28. On The Road

    November 01, 2005 12:00 AM EST A strong fall concert slate has proved extremely powerful for the Wachovia Center in Philadelphia, which recently wrapped possibly the busiest two weeks in the venue's history. Read Ray Waddell's colu A strong fall concert slate has prov ...

  29. 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 ...

  30. 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 ...

  31. Lehman Upgrades EMI Rating

    March 10, 2005 12:00 AM EST Analysts predict global music growth. Lehman Brothers this week upgraded its valuation on EMI Group, citing anticipated growth in digital sales and improved prospects for the global music market. In a research note issued March 8, Lehman readjuste ...

  32. EMI Pub Names Exec VP/CFO

    March 08, 2005 12:00 AM EST EMI Music Publishing has named Leo Corbett as executive VP/CFO. EMI Music Publishing has named Leo Corbett as executive VP/CFO. Corbett, who is based in New York, will oversee the company's global financial and technological operations. He re ...

  33. EMI Pub Names Exec VP/CFO

    February 28, 2005 12:00 AM EST Corbett to handle global finance, tech. EMI Music Publishing has named Leo Corbett as executive VP/CFO. Corbett, who is based in New York, will oversee the company's global financial and technological operations. He reports to worldwide presi ...

  34. Lloyds, EMI Get Behind U.K. Schools Project

    February 11, 2005 12:00 AM EST British bank Lloyds TSB has launched a multimillion-pound music education initiative, endorsed by the government and backed by EMI. British bank Lloyds TSB has launched a multimillion-pound music education initiative, endorsed by the government an ...

  35. 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 ...

  36. 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 ...

  37. Boston's FleetCenter Seeking New Naming Deal

    January 05, 2005 12:00 AM EST The FleetCenter, the 20,000-seat Boston arena, will continue to operate under the FleetCenter name and logo until owners Delaware North Cos. have secured a new naming-rights partner or through Oct. 14 The FleetCenter, the 20,000-seat Boston arena, ...

  38. McFly, Others To Perform At Brits Nominees Party

    January 05, 2005 12:00 AM EST Three emerging British acts will perform live at the nominations launch in London next Monday (Jan. 10) for the 25th BRIT Awards show, branded BRITs25 with MasterCard. Three emerging British acts will perform live at the nominations launch in Lond ...

  39. McFly, Others To Perform At Brits Nominees Party

    January 05, 2005 12:00 AM EST Three emerging British acts will perform live at the nominations launch in London next Monday (Jan. 10) for the 25th BRIT Awards show, branded BRITs25 with MasterCard. Three emerging British acts will perform live at the nominations launch in Lond ...

  40. 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 ...

  41. MSN Music Inks American Express Deal

    November 08, 2004 12:00 AM EST MSN Music is partnering with American Express to promote its new music service. The move marks the service's first strategic partnership since it formally launched Oct. 12. MSN Music is partnering with American Express to promote its new musi ...

  42. Usher Unveils Debit Card

    August 03, 2004 12:00 AM EDT Usher has teamed with MasterCard International and BankFirst for the Usher Raymond IV Debit MasterCard. Usher has teamed with MasterCard International and BankFirst for the Usher Raymond IV Debit MasterCard. The newly launched card, which features ...

  43. 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 ...

  44. 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 ...

  45. 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 ...