Investment

  1. OFT Clears CCE's Mean Fiddler Buyout

    June 28, 2005 12:00 AM EDT The Office of Fair Trading has approved Clear Channel Entertainment's planned acquisition of rival Mean Fiddler Music Group. LONDON -- The Office of Fair Trading has approved Clear Channel Entertainment's planned acquisition of rival Mea ...

  2. AMC, Loews Cineplex Plan To Merge

    June 28, 2005 12:00 AM EDT AMC Entertainment, the second-largest U.S. theater chain, said June 21 that it will buy Loews Cineplex Entertainment in a deal that will see AMC's president/CEO Peter Brown run the combined entity. Th (The Hollywood Reporter) -- AMC Entertain ...

  3. Norwalk Distributors To Shutter

    May 28, 2005 12:00 AM EDT Norwalk Distributors is preparing to shut down, and, say sources, is negotiating to ease the pain of the closure for suppliers. Norwalk Distributors is preparing to shut down, and, say sources, is negotiating to ease the pain of the closure for su ...

  4. 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 ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. 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 ...

  10. Caparro Lines-Up UMG, Glenayre Deal

    May 10, 2005 12:00 AM EDT The Universal Music Group has agreed to sell its U.S. and Hanover, Germany, CD and DVD manufacturing and distribution facilities to Glenayre Technologies in a deal engineered by Jim Caparro, the latte NEW YORK -- The Universal Music Group has agre ...

  11. Update: Caparro Lines-Up UMG, Glenayre Deal

    May 09, 2005 12:00 AM EDT The Universal Music Group has agreed to sell its U.S. and Hanover, Germany, CD and DVD manufacturing and distribution facilities to Glenayre Technologies in a deal engineered by Jim Caparro, the latte The Universal Music Group has agreed to sell i ...

  12. Update: Caparro Lines-Up UMG, Glenayre Deal

    May 09, 2005 12:00 AM EDT The Universal Music Group has agreed to sell its U.S. and Hanover, Germany, CD and DVD manufacturing and distribution facilities to Glenayre Technologies in a deal engineered by Jim Caparro, the latte The Universal Music Group has agreed to sell i ...

  13. 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 ...

  14. 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 ...

  15. 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' ...

  16. Icahn: Blockbuster Made 'Grave Error' With Hollywood

    April 12, 2005 12:00 AM EDT Famed financier Carl Icahn, the largest individual holder of Blockbuster shares, blasted management at the nation's leading video rental chain for its botched attempt at a hostile takeover of Hollywoo Famed financier Carl Icahn, the largest i ...

  17. 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 ...

  18. 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 ...

  19. 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 ...

  20. Regal, AMC Join Forces For Advertising

    April 05, 2005 12:00 AM EDT In a move that will unite the two largest U.S. theater chains' fastest-growing business, Regal Entertainment Group and AMC Entertainment announced March 29 that they are combining their cinema screen (The Hollywood Reporter) -- In a move that ...

  21. 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 ...

  22. Warner Music Files For $750M IPO

    March 15, 2005 12:00 AM EST Warner Music Group Corp., parent company of Warner Music Group, filed registration papers with the Securities and Exchange Commission on March 11 proposing to raise up to $750 million in an initial pu (Reuters) -- Warner Music Group Corp., parent ...

  23. Warner Music Files For $750M IPO

    March 11, 2005 12:00 AM EST Warner Music Group filed today (March 11) to raise up to $750 million in an initial public offering of common stock. Warner Music Group filed today (March 11) to raise up to $750 million in an initial public offering of common stock. The company, ...

  24. EMI Signs Belgium's Novastar

    March 01, 2005 12:00 AM EST Belgian act Novastar, fronted by Joost Zweegers, has signed a recording deal with EMI Music. Belgian act Novastar, fronted by Joost Zweegers, has signed a recording deal with EMI Music. Novastar was previously with Warner Music but was released fr ...

  25. EMI Signs Belgium's Novastar

    March 01, 2005 12:00 AM EST Belgian act Novastar, fronted by Joost Zweegers, has signed a recording deal with EMI Music. Belgian act Novastar, fronted by Joost Zweegers, has signed a recording deal with EMI Music. Novastar was previously with Warner Music but was released fr ...

  26. Financier Suing Ovitz Over '98 Business-Venture Deal

    March 01, 2005 12:00 AM EST Michael Ovitz's legal woes continued Feb. 24 when he was sued by financier Ronald Burkle over a 7-year-old Internet business and other ventures. (The Hollywood Reporter) -- Michael Ovitz's legal woes continued Feb. 24 when he was sued by ...

  27. Warner Latin Appoints New-Media Exec

    February 16, 2005 12:00 AM EST Alfonso Perez-Soto has been named new-media director for Warner Music Latin America and U.S. Latin. Based in Miami, Perez-Soto will report to Warner Music Latin America president Inigo Zabala. Alfonso Perez-Soto has been named new-media director f ...

  28. 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 ...

  29. 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 ...

  30. 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 ...

  31. 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 ...

  32. 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 ...

  33. 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 ...

  34. Sold, MGM Takes Its Final Bows

    January 11, 2005 12:00 AM EST Marking the true end of an era, Metro-Goldwyn-Mayer will cease to be a stand-alone studio this year once its purchase by a Sony-led consortium is completed. (The Hollywood Reporter) -- Marking the true end of an era, Metro-Goldwyn-Mayer will cease ...

  35. 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 ...

  36. 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 ...

  37. 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 ...

  38. 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 ...

  39. 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 ...

  40. 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 ...

  41. 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 ...

  42. 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 ...

  43. 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 ...

  44. 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 ...

  45. 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 ...

  46. 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 ...

  47. Report: Warner Music Planning IPO

    September 23, 2004 12:00 AM EDT Warner Music Group is eyeing a public stock issue as early as next spring, according to a report published in the British trade press today (Sept. 23). Warner Music Group is eyeing a public stock issue as early as next spring, according to a repor ...

  48. 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 ...

  49. Sony, BMG Defend Merger Plans

    June 14, 2004 12:00 AM EDT Sony Music and BMG made a robust defense of their proposed merger today (June 14) at a special hearing in Brussels, the start of a two-day gathering organized by the competition department of the Euro Sony Music and BMG made a robust defense of th ...

  50. 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 ...

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