Merrill Lynch

  1. FanDistro Artist Platform to Accept Bitcoins

    February 18, 2014 10:09 AM EST FanDistro, a marketing and sales platform for artists, announced it is accepting bitcoin as payment, becoming one of the first music platforms to jump into the rapidly growing but highly volatile currency. Bitcoin, invented in 2009, is an unregula ...

  2. Universal Music-EMI Merger: UMG Struck Gold With PolyGram in the 1990s, Can They Do It Again?

    September 21, 2012 5:45 PM EDT Now that the Universal Music Group has approval to complete its acquisition of EMI's recorded music operation , it will hit the ground running to integrate the two companies, insiders say. The Universal Music Group already presided over a hig ...

  3. As Facebook Stock Nears $18, Its Focus on Music Will Suffer

    August 31, 2012 4:29 PM EDT Facebook shares dove under $19 and were trading down 4.86% to $18.17 Friday afternoon after slashed price targets and fresh revenue concerns. Citing "challenged" media spending and an inflow of additional shares from lock-up expirations, ...

  4. ICM Finalizes Equity Firm Buyout, Excludes Former CEO Jeffrey Berg

    May 23, 2012 4:28 PM EDT International Creative Management has finalized its deal to buy out majority owner Rizvi Traverse Management and has formed a new partnership structure for the agency, the company said Wednesday. ICM will be renamed ICM Partners to reflect the cha ...

  5. CAA sells 35% stake to TPG Capital

    October 01, 2010 12:00 AM EDT CAA has sold a 35% equity stake to private investment firm TPG Capital in a transaction expected to help the powerhouse talent agency further build its sports business and monetize the stakes of the partners who own and run the business. TPG has i ...

  6. Live Nation On Track To Meet Reduced Outlook

    September 17, 2010 12:00 AM EDT Live Nation Entertainent Inc. chief executive Michael Rapino says the concert promoter and ticketing company is "within striking distance" of meeting a reduced annual profit forecast it released in July. July and August concert ticket sa ...

  7. ICM Acquires Marsha Vlasic Organization

    September 08, 2008 12:00 AM EDT International Creative Management (ICM) has acquired the Marsha Vlasic Organization in a move that provides a significant boost to ICM's Concert division. The deal brings Ben Folds, Elvis Costello, Iggy Pop, Lou Reed, Moby, Muse, Neil Young, ...

  8. Borders Net Income Hits $64M In Q4

    March 20, 2008 12:00 AM EDT Borders posted net income of $64.7 million, or $1.10 per diluted share, on $1.35 billion in revenue, for the fourth quarter ended Feb. 2. That compares with a $73.6 million loss, or $1.22 per share, on $1.37 billion in revenues in the same quarter ...

  9. UMPG Integrates BMG Publishing Execs

    August 20, 2007 12:00 AM EDT Universal Music Publishing Group's integration of BMG Music Publishing, purchased last September, with Universal Music Publishing continues. The company has revealed some key staff appointments as well as a few departures. "UMPG already ...

  10. A Sour Note For Music Biz

    April 09, 2007 12:00 AM EDT The music business has to brace itself for more declines this year, Merrill Lynch analyst Jessica Reif Cohen warned in a research report. Overall, the "music market appears headed in (the) wrong direction," she said Thursday, estimating ...

  11. Borders Wants Out Of U.K., Int'l Biz

    March 23, 2007 12:00 AM EDT Books and entertainment giant Borders Group has signalled its plans to exit the U.K. and international retail business. In a statement outlining its "strategic plan," Ann Arbor, Mich.-based Borders Group Inc explained Thursday that it wa ...

  12. UMG Pressuring YouTube, MySpace

    September 14, 2006 12:00 AM EDT Universal Music Group is stepping up pressure against popular online sites YouTube and MySpace, accusing them of infringing the copyrights of its artists' music videos. Universal Music Group is stepping up pressure against popular online site ...

  13. Vivendi Seals BMG Publishing Purchase

    September 06, 2006 12:00 AM EDT Vivendi's Universal Music is vaulting to the top spot in music publishing after agreeing to buy BMG Music Publishing for €1.63 billion ($2.1 billion). Vivendi's Universal Music is vaulting to the top spot in music publishing af ...

  14. Cumulus, Investors Buy Susquehanna For $1.2 Billion

    October 31, 2005 12:00 AM EST Deal expected to close in the first half of 2006. With financial backing from three investment firms, Cumulus Media, radio's 11th largest radio group, is acquiring Susquehanna Radio for approximately $1.2 billion. To pull off the widely expec ...

  15. Radio Revenue, Local Ad Sales Up In August

    October 06, 2005 12:00 AM EDT Small increases offer hope of upturn in spending. Radio industry revenue trends turned positive in August, giving the long-languishing sector a glimmer of hope that advertising momentum eventually could return. Total radio revenue for the month in ...

  16. News Corp. Buys IGN Ent.

    September 13, 2005 12:00 AM EDT Rupert Murdoch's News Corp. on Sept. 8 made another step toward becoming an Internet powerhouse, unveiling an agreement to acquire online community and entertainment firm IGN Entertainment for about $ NEW YORK (The Hollywood Reporter) -- Rupe ...

  17. Time Warner Inks $510M Settlement With Gov't

    December 21, 2004 12:00 AM EST Time Warner Inc. on Dec. 15 settled criminal securities fraud charges the government leveled on its America Online unit, agreeing to pay $210 million to end the Justice Department's probe. The company (The Hollywood Reporter) -- Time Warner I ...