Investment

  1. Permira Keeps Mum On EMI Takeover Reports

    November 29, 2006 12:00 AM EST Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Group Plc. Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Gr ...

  2. Permira Keeps Mum On EMI Takeover Reports

    November 29, 2006 12:00 AM EST Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Group Plc. Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Gr ...

  3. EMI Confirms Approach

    November 28, 2006 12:00 AM EST EMI Group plc is the target of a takeover. The British music major confirmed in a statement to the London Stock Exchange today (Nov. 28) that it has "received a preliminary approach for the company which may or may not lead to an offer being ...

  4. EMI Confirms Approach

    November 28, 2006 12:00 AM EST Stock soars more than 10%. EMI Group plc is the target of a takeover. The British music major confirmed in a statement to the London Stock Exchange today (Nov. 28) that it has "received a preliminary approach for the company which may or may ...

  5. Ingenious Promotes Live Entertainment Investment

    November 13, 2006 12:00 AM EST Establishes two new venture capital trusts. London-based Ingenious has launched two new live entertainment venture capital trusts to invest in companies producing and promoting new and established live events. The venture capital trusts (VCTs), ca ...

  6. Sources: Clear Channel Bids Due In Coming Days

    November 10, 2006 12:00 AM EST Company declines to comment. Bids are due in the coming days for Clear Channel Communications Inc., the largest U.S. radio company, sources familiar with the situation told Reuters on Nov. 9. Clear Channel, which has about 1,150 stations, said las ...

  7. EMI Group Talks Joint Venture With Bandier

    October 30, 2006 12:00 AM EST Equity stake in new venture among Bandier's options. Equity stake in new venture among Bandier's options. News ...

  8. Clear Channel Hires Goldman, Sachs

    October 26, 2006 12:00 AM EDT In a move that could bust up the nation's largest radio group, Clear Channel revealed late Wednesday (Oct. 25) it had retained Goldman, Sachs & Co. to "evaluate various strategic alternatives to e In a move that could bust up the ...

  9. Univision Shareholders OK $12.3B Sale

    September 27, 2006 12:00 AM EDT Approval of the sale was widely expected. Univision Communications Inc. shareholders on Wednesday (Sept. 27) approved selling the Spanish-language broadcaster to a private investor group for $12.3 billion, the company said. Univision dominates the ...

  10. Napster Explores Sale Of Company

    September 18, 2006 12:00 AM EDT Has hired investment banking firm UBS. Has hired investment banking firm UBS. News ...

  11. Napster Explores Sale Of Company

    September 18, 2006 12:00 AM EDT Has hired investment banking firm UBS. Napster has put itself up for possible sale in response to what it claims is "recent third party interest in establishing strategic partnerships or potentially acquiring the company." The Los Angele ...

  12. Britain Rocks N.Y. Gig Postponed

    September 14, 2006 12:00 AM EDT The "Britain Rocks New York" tribute concert, which was planned for Sept. 27 at the Nokia Theater in New York, has been postponed until late April 2007. The "Britain Rocks New York" tribute concert, which was planned for Sept. ...

  13. Britain Rocks N.Y. Gig Postponed

    September 14, 2006 12:00 AM EDT Organizers look to late April 2007. The "Britain Rocks New York" tribute concert, which was planned for Sept. 27 at the Nokia Theater in New York, has been postponed until late April 2007. According to sources, sponsors have asked for th ...

  14. Voss Takes Exec Role At Universal

    August 17, 2006 12:00 AM EDT Most recently served as executive VP/GM of WEA. Alan Voss has been named executive VP of sales and marketing for Universal Music Distribution. He will be based in Universal City, Calif. Most recently, Voss served as executive VP/GM of WEA Corp. wh ...

  15. 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 ...

  16. 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 ...

  17. UMGD Names Voss Exec VP

    July 26, 2006 12:00 AM EDT Previously held roles at Elektra, Atco, PolyGram. Universal Music Group Distribution has hired Alan Voss as executive VP of sales and marketing, reporting to UMGD president Jim Urie. Voss previously held a similar position at WEA, where he was als ...

  18. Brit Concert To Rock New York

    July 21, 2006 12:00 AM EDT Benefit gig to be held Sept. 27. Investment bank HSBC and BMW-owned car brand Mini have come on board as headline sponsors for the Sept. 27 "Britain Rocks New York" benefit concert, to be held at the 2,100-capacity Nokia Theater in the c ...

  19. 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 ...

  20. 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 ...

  21. Warner Music Strikes Deal With China Unicom

    June 20, 2006 12:00 AM EDT Warner Music China has forged a groundbreaking union to distribute its digitalized catalog to users of mobile operator China Unicom, which claims to be the third largest such company in the world. Warner Music China has forged a groundbreaking uni ...

  22. 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 ...

  23. WMG Declares Quarterly Dividend

    June 07, 2006 12:00 AM EDT Warner Music Group declared today (June 7) a regular quarterly dividend of 13 cents per share as part of a $19.3 million payout to investors. The dividend is based on 148.5 million outstanding shares Warner Music Group declared today (June 7) a re ...

  24. 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 ...

  25. 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 ...

  26. 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 ...

  27. 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 ...

  28. Virgin Sells V2 Stake

    May 16, 2006 12:00 AM EDT Richard Branson's Virgin Group has sold its stake in V2 Records to U.S. investment bank Morgan Stanley for an undisclosed sum. Richard Branson's Virgin Group has sold its stake in V2 Records to U.S. investment bank Morgan Stanley for an ...

  29. Virgin Sells V2 Stake

    May 16, 2006 12:00 AM EDT Richard Branson's Virgin Group has sold its stake in V2 Records to U.S. investment bank Morgan Stanley for an undisclosed sum. Richard Branson's Virgin Group has sold its stake in V2 Records to U.S. investment bank Morgan Stanley for an ...

  30. WEA Partners With Indies To Launch Digital Stores

    May 01, 2006 12:00 AM EDT First online offerings expected this month. Warner Music Group’s WEA Corp. has formed a digital distribution partnership with three independent retail coalitions, allowing them to more easily establish online music services. The stores will carry ...

  31. Sanctuary Says Results On Target

    April 28, 2006 12:00 AM EDT Earlier financial accounts to be restated. Sanctuary Group plc today (April 28) admitted it would restate previous financial accounts but said that expectations for its underlying business remained on track. Underlying current trading remains &quo ...

  32. SEC Hits Promoter With Lawsuit

    April 19, 2006 12:00 AM EDT Utsick sued in connection with fraudulent offering. The Securities and Exchange Commission (SEC) filed a civil lawsuit in the U.S. District Court for the Southern District of Florida on Monday charging promoter Jack Utsick and his Worldwide Entert ...

  33. WMG To Acquire Rykodisc

    March 24, 2006 12:00 AM EST Deal believed to be valued at $67.5 million. The Warner Music Group is on the verge of signing an agreement to buy Rykodisc, sources say, in a deal believed to be valued at $67.5 million that is expected to close at the end of April. Rykodisc, whi ...

  34. Warner Music Group To Pay $19.3M In Dividend

    March 14, 2006 12:00 AM EST cents a share to be issued. Warner Music Group declared a quarterly dividend of $0.13 per share of common stock, representing an aggregate quarterly dividend of approximately $19.3 million. The dividend is payable May 3, 2006. This aggregate nu ...

  35. 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 ...

  36. 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 ...

  37. Disney's Moviebeam Relaunches With Cisco, Intel Backing

    February 16, 2006 12:00 AM EST Disney’s set-top box video-on-demand service Moviebeam, which was put on hiatus last spring, relaunched this week with substantial backing by Cisco Systems and Intel Corp, and venture capital firms Disney’s set-top box video-on-demand service Movi ...

  38. Live Nation Stock Strong Out Of Gate

    January 19, 2006 12:00 AM EST Up 37% since Dec. 16. Live Nation's reception by investors has been initially positive, with the stock price up 37% since the company was spun off from former parent Clear Channel Communications last month. With a market cap of about $1 billi ...

  39. 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 ...

  40. 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 ...

  41. Warner Establishes Distribution Facility In China

    December 06, 2005 12:00 AM EST Warner Music Asia Pacific president Lachie Rutherford today (Dec. 6) confirmed that Warner Music International is setting up a majority-owned distribution joint venture in mainland China. Warner Music Asia Pacific president Lachie Rutherford today ...

  42. 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 ...

  43. 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 ...

  44. Sloan New MGM Chairman/CEO

    October 25, 2005 12:00 AM EDT Metro-Goldwyn-Mayer has tapped Harry E. Sloan for the post of chairman/CEO, the company said Oct. 24. (The Hollywood Reporter) -- Metro-Goldwyn-Mayer has tapped Harry E. Sloan for the post of chairman/CEO, the company said Oct. 24. Sloan, who has ...

  45. Sources: Warner To Expand China Operations

    October 20, 2005 12:00 AM EDT Warner Music International is set to become the first international record company to establish its own distribution arm in mainland China, according to industry sources. Warner Music International is set to become the first international record c ...

  46. German Film Funds Dismantled

    September 20, 2005 12:00 AM EDT Germany's lucrative private investment film funds will soon be dismantled entirely, one of the territory's leading fund managers said Sept. 14. COLOGNE, Germany (The Hollywood Reporter) -- Germany's lucrative private investment film ...

  47. 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 ...

  48. 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 ...

  49. Warner Music's Losses Widen In Q3

    August 04, 2005 12:00 AM EDT Company incurs IPO-related charges, revenues up. Warner Music Group Corp. reported today (Aug. 4) that despite a rise in revenues its net loss reached $179 million for its financial results covering the three-month period ended June 30, 2005. It c ...

  50. 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 ...

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