Warner Music Group

  1. Warner Shares Reach 52-Week High as Acquisition Nears

    May 05, 2011 2:40 PM EDT Shares of Warner Music Group reached a 52-week high on Thursday upon news that Access Industries is nearing a deal to acquire the company. At midday trading on Thursday, shares stood at $7.83. Shares reached their 52-week high of $8.15 earlier in ...

  2. Jason Moran, Brad Mehldau Trio, Bobby McFerrin, Herbie Hancock Win ECHO 2011 Jazz Awards

    May 05, 2011 10:00 AM EDT BERLIN - Nine US-jazz acts will receive the German ECHO 2011 Jazz Award . Among the winners are Jason Moran, the Brad Mehldau Trio, Bobby McFerrin, Lee Ritenour and Herbie Hancock. The award ceremony in 27 categories will be held on June 17, 2011 ...

  3. Len Blavatnik's Access Industries Reportedly Close To Purchasing Warner Music Group

    May 05, 2011 7:43 AM EDT Reports emerged over night that Access Industries led by investor Len Blavatnik is close to buying the Warner Music Group for more than $3 billion dollars. The Warner Music Group board has been meeting this week to consider bids from groups that i ...

  4. Warner Music Bids in With Board, Announcement Expected Friday: Sources

    May 04, 2011 7:20 AM EDT Bids for a likely $3 billion buyout of Warner Music Group are in with the company's board for review over the next couple of days, according to two people familiar with the process. Three parties are known to have put in bids for the world� ...

  5. Warner Music Group Auction In Final Stretch; One New Bidder Since Last Week

    May 03, 2011 7:33 PM EDT As the Warner Music Group (WMG) auction comes into the final stretch, there appears to be three bidders still in the running -- but only two of them are the same as last week. Ron Burkle's Yucaipa Companies dropped out of the bidding, Bloombe ...

  6. Web Trends: Carrie Underwood and Vince Gill, Best Coast Covers Blink-182, Rick Springfield's DUI Charge

    May 03, 2011 4:00 PM EDT Google Trends: 9. Rick Springfield The '80s star was arrested Sunday night (May 1) in Malibu on suspicion of DUI. The 61-year-old was pulled over after committing a traffic violation, when police noticed the smell of alcohol. Springfield then ...

  7. Songkick Strikes Warner Music Deal for Concert Listings

    May 02, 2011 2:05 PM EDT Songkick is having a pretty good day. On the same day that the New York Times profiled the company as "the go-to Web site for live music," it also unveiled a deal to integrate its live event and ticketing platform into Warner Music Group ...

  8. Warner Music $3 Billion Buyout Could be Done this Week: Source

    May 02, 2011 7:13 AM EDT Final buyout bids for Warner Music Group are due on Monday and the company could be sold by the end of the week in a deal valued at over $3 billion, according to a person familiar with the matter. The third round of bids is led by two competing fi ...

  9. MP3Tunes Founder Michael Robertson Weighs in on Locker Licensing Demands

    April 29, 2011 11:53 AM EDT Haven't read enough yet about Amazon's Cloud Drive music locker service? Neither have we. Michael Robertson, founder of Amazon rival MP3Tunes, airs a little dirty laundry on the concerns and demands he claims the major labels have for mu ...

  10. Report on Warner Music Group's New Suitor Is Inaccurate, Source Says

    April 28, 2011 6:45 PM EDT The New York Times reported Thursday (April 28) that a new suitor for Warner Music Group, which is currently in its third round of bidding, has emerged, although a source told Billboard.biz late Thursday afternoon that the report is inaccurate. Th ...

  11. Lyor Cohen Talks 360 Deals, High Salaries, The Future of Labels -- But Not Warner Music Auction -- At Rethink Music

    April 27, 2011 4:59 PM EDT BOSTON - Warner Music Group head Lyor Cohen preached the gospel of artist development and loving the business at the Rethink Music conference here, but he wasn't talking about the auction for WMG . In fact, audience members were asked not to ...

  12. Vevo Goes Live in the UK

    April 26, 2011 12:56 PM EDT Vevo is now live in the UK, marking the first expansion of the online music video hub outside of North America. The launch also extends to the Vevo iPhone, iPad and Android apps. Vevo is the joint venture between Sony Music Entertainment, Universa ...

  13. Who the Heck Wants to Invest in Music These Days? Lots of People

    April 25, 2011 2:53 PM EDT If you have read newspapers and blogs in the last few years, you know there's no money to be made in music. So why are billions being invested in music companies? Is there really that much dumb money going into the wrong industry instead of f ...

  14. Has Warner Music Group Finalized A Deal With Apple?

    April 22, 2011 3:35 PM EDT Yesterday, Billboard.biz reported rumors that Apple had inked deals with two of the major labels for its pending cloud music service. And today, CNET is reporting that Warner Music Group has finalized a deal with Apple. A WMG spokeswoman declined ...

  15. Lady Gaga and Zynga; WMG and New Boyz Eye Social Gaming Strategies

    April 21, 2011 2:21 PM EDT News is breaking today about a pair of new social media efforts designed to merge the popularity of social games with music acts. The Wall Street Journal leads with a report that Lady Gaga and Zynga are discussing some sort of collaboration design ...

  16. Hostess Entertainment Partners With Warner Music South East Asia

    April 21, 2011 1:51 PM EDT The Tokyo-based music marketing indie Hostess Entertainment and Warner Music South East Asia announced a licensing agreement that will see Hostess gradually expand its footprint beyond Japan to South East Asian markets, which include Hong Kong, Ko ...

  17. WMG Board Provides Eliminated Bidders With Company Data, Sources Say

    April 20, 2011 8:05 AM EDT The Warner Music Group (WMG) board of directors is not only willing to consider more bidders in the auction to sell the company, as reported yesterday by Billboard.biz, but has in fact left some of the supposedly eliminated bidders with access to ...

  18. Business Matters: Warner Bidder Looking For New Way to Sell CDs/DVDs

    April 19, 2011 8:10 PM EDT Warner Bidder Looking For New Way to Sell CDs and DVDs -- Private equity firm Gores Group's Alec Gores said he would like to merge Alliance Entertainment Corp. with a Hollywood studio. "There are some great assets and great opportunities ...

  19. 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 ...

  20. Details On Spotify's Changes To Free Service

    April 14, 2011 8:10 AM EDT Spotify announced changes to its free service Thursday morning that will add new restrictions on song plays and reduce hours of free listening. "Above all, this means we can continue making Spotify available to all in the long-term," Spo ...

  21. Warner Music Group Shares Rise Amid Sale Rumors

    April 14, 2011 7:00 AM EDT Shares of Warner Music Group rose 3.4 percent on Wednesday to $7.61 as word spread the company could be bought in a matter of weeks. The Wall Street Journal reported -- citing anonymous sources -- that instead of selling pieces of the company, as ...

  22. Amazon, Labels To Meet For Locker Talks: Sources

    April 13, 2011 8:38 PM EDT Amazon.com Inc is due to meet with music label executives on Thursday to hash out deals over the online retailer's controversial cloud-based media locker service that has sparked a music business uproar. Amazon launched the free digital locke ...

  23. Three Suitors Left In Running For Warner Music Group Auction, But Who Are They?

    April 13, 2011 6:56 PM EDT The Warner Music Group (WMG) is heading into a third round in the auction to sell the company, with three suitors still left in the running, sources tell Billboard. As first reported by the Wall Street Journal, the WMG board of directors has decid ...

  24. Business Matters: Music-Related Startups Raise $123 Million In First Quarter

    April 12, 2011 8:50 PM EDT Music-Related Startups Raise $123 Million In First Quarter -- The money started pouring back into digital music last quarter. Ten music and music-related startups raised $124.3 million in venture capital in the first quarter of 2011. Billboard tra ...

  25. Cisco Discontinues Flip Camera Line, Eos Website Platform Used By WMG

    April 12, 2011 8:10 PM EDT Cisco announced a major restructuring of its business operations Tuesday that resulted in not only the discontinuation of its popular Flip line of handheld cameras, but also its Eos website management platform used most notably by Warner Music Gro ...

  26. Web Trends: Big Bang's 'Stupid Liar' (Watch); Ex-98 Degrees Star Hired By Chippendales

    April 12, 2011 5:33 PM EDT Digg Music News/Video 24 Hours: 1. American Idol Audience Member Told She Was Too Fat to Sit in Front Row 2. The White Stripes Releasing Live Album Of Final Show 3. Bob Dylan plays his first gig in Vietnam 4. 8 Pop Songs Remixed for 8-bit Video Ga ...

  27. Warner Board to Review Bids This Week

    April 11, 2011 7:34 AM EDT Warner Music Group's board is expected to review second-round bids for the company at a meeting in the coming week, a source familiar with the matter said. Up to 10 investors have put in bids ahead of the meeting, offering a range of valuatio ...

  28. Oaktree, Primary Wave Reportedly Submit Bid For Warner Music Publishing

    April 09, 2011 1:55 PM EDT As bidding for Warner Music Group draws to a close , Oaktree Capital Management and publishing company Primary Wave have submitted a joint bid for Warner Music's publishing arm valued at around $1.5 billion, the New York Post reported late Fr ...

  29. Warner Music Bids Due Today, New Contender Emerges

    April 07, 2011 5:14 PM EDT Bids are due today for the Warner Music Group in the auction being run by Goldman Sachs Group Inc. and AGM Partners LLC. According to CNBC , Ron Burkle's Yucaipa Companies reportedly leads the bidding with $3 billion, topping a reported $2.8 ...

  30. Web Trends: Chris Brown's New Uncut Video For "Spend It All", Wild Beasts' Video "Albatross"

    April 07, 2011 4:24 PM EDT Google Trends: There are no new music trends at this time. Digg Music News/Video 24 Hours: 1. Hanging out in the studio with Chad VanGaalen YouTube Most Viewed Today: 1. Britney Spears - Till The World Ends 2. Kelly Rowland - Motivation (Explicit) ...

  31. Baidu to Launch Licensed Music Service in May

    April 06, 2011 7:23 AM EDT Baidu Inc, China's top search engine, will launch a licensed music search service in May, in a move to legitimize its current music search that critics say enables music piracy. Baidu will launch Baidu Ting sometime in May, said Kaiser Kuo, a ...

  32. Business Matters: New York Times App Gets Poor Post-Paywall Reviews, Jay-Z Launches Lifestyle Website

    April 04, 2011 5:00 PM EDT New York Times App Gets Poor Post-Paywall Reviews -- If Americans are turned off at the idea of paying for good reporting, will they pay for unlimited access to music? It's the question of the moment, and reviewer feedback at the iTunes App S ...

  33. Wall Street Analysts, Investors Unenthusiastic About Possible Live Nation-Warner Music Union

    April 04, 2011 1:51 PM EDT While the stock market appears indifferent to Live Nation's bid for the Warner Music Group 's recorded music operation, Wall Street analysts and investors surveyed by Billboard over the past couple of days gave the potential deal a thumb ...

  34. Live Nation and Warner Music By The Numbers

    April 01, 2011 10:56 AM EDT Since Live Nation has bid on Warner Music Group's recorded music division, it's worth asking what the financial statements of a combined company would look like. Adding the revenue is easy - Warner breaks out revenue by division. But War ...

  35. Analysis: Interpreting Live Nation's Bid For Warner's Record Labels

    April 01, 2011 8:10 AM EDT The most disruptive bid for Warner Music Group could, surprisingly, also be the one that makes the most sense. Live Nation's bid for the record label portion of Warner represents untapped potential, value that other bidders cannot unlock. At ...

  36. Live Nation Puts In Bid For Warner Recorded Music

    March 31, 2011 4:59 PM EDT Live Nation, the concert and ticketing company, has put in a bid for the Warner Music Group. The emergence of Live Nation as one of the bidders for the Warner Music Group brings to three the number of strategic players involved in the auction. But ...

  37. Business Matters: If Labels Don't Like Amazon's Cloud, They Won't Like Tunesbag Either

    March 31, 2011 4:55 PM EDT If Labels Hate Amazon's Cloud, They'll Won't Like Tunesbag Either -- If labels hate Amazon's Cloud Drive and Cloud Player, they might as well hate Tunesbag, too. Just days after the launch of Amazon's cloud storage service ...

  38. Web Trends: Watch 8-Year-Old Channel Drake; Listen to New Fleet Foxes Track

    March 31, 2011 4:13 PM EDT Fleet Foxes - Battery Kinzie by One Thirty BPM Google Trends: There are no music trending topics at this time. Digg Music News/Video 24 Hours: There are no recent music stories or videos at this time. YouTube Most Viewed Today: 1. Britney Spears P ...

  39. When Will Recorded Music Revenue Be 50% Digital?

    March 31, 2011 2:38 PM EDT When will U.S. recorded music sales be split 50/50 between digital and physical? It depends who you ask. According to recent figures in an IFPI global music industry report , the trade value of recorded music sales in the U.S. is probably over 50% ...

  40. Web Trends: Drake At the Retirement Home (Watch), Kills New Album (Listen)

    March 29, 2011 5:04 PM EDT The Kills - Future Starts Slow by DominoRecordCo Google Trends: 3. wiz khalifa rolling papers Wiz khalifa's album "Rolling Papers" dropped today. 6. katharine mcphee Ex-American Idol contestant Katherine Mcphee is filming her new sh ...

  41. Vevo and Myspace? Interesting, But Unlikely

    March 29, 2011 1:26 PM EDT As NewsCorp continues its search for a buyer of the struggling Myspace social networking service, we're going to hear about several "interesting" conversations it has with potential partners. The latest, according to Bloomberg , is ...

  42. Bertelsmann on Mergers and Acquisitions Path In 2011

    March 29, 2011 8:01 AM EDT Europe's biggest media group Bertelsmann BERT.UL said it had the financial muscle to look at acquisitions again after reducing its debt, and would look at Warner Music Group (WMG.N) and possibly EMI. Bertelsmann, which launched its biggest-ev ...

  43. News Corp in Talks With Vevo on Myspace

    March 29, 2011 7:50 AM EDT News Corp has held talks to give control of Myspace to the music label-owned video site Vevo.com, but the likelihood of a deal being reached was slim, a person with knowledge of the talks said. News Corp in February kicked off the process to explo ...

  44. Guest Post: Ethan Kaplan Wishes Death to the Shiny Disc

    March 28, 2011 5:43 PM EDT (Ethan Kaplan is the former senior VP of emerging technology for Warner Music Group. This post originally ran on his blog Blackrimglasses , which he describes as "Music + Technology + Random Nonsense from the Music Industry.") Death to S ...

  45. Web Trends: Nick Pitera's Disney Tribute, Rebecca Black & Bob Dylan, Fleet Foxes' New Song

    March 22, 2011 4:00 PM EDT Google Trends: 13. Rolling Papers Wiz Khalifa's "Rolling Papers" album, due out March 29, has leaked a week early. Digg Music News/Video 24 Hours: 1. Daft Punk A Capella Is Awesome (VIDEO) 2. U.S. Supreme Court denies appeal on Emin ...

  46. BMG Back In The Auction To Buy Warner Music Group, Sources Say

    March 22, 2011 7:50 AM EDT BMG, the Bertelsmann/Kohlberg Kravis & Roberts joint venture, got back onboard for the auction to buy the Warner Music Group, as first reported by CNBC , by bidding on the entire company this time around, sources say. Earlier in the first roun ...

  47. Will Apple Unveil Its New Music Service In April?

    March 21, 2011 3:31 PM EDT Will April see the unveiling of Apple's new mobile music plans? According to a number of sources within the music industry, it's possible -- but don't bet on it. "It's possible, but not probable," says one. Digital mu ...

  48. Tips On Harnessing The Obsessives At SXSW 'Super Fans' Panel

    March 18, 2011 4:30 PM EDT You know those kids who own every single song and poster from a certain artist? The ones with a tattoo of their music hero stamped on their neck and built a virtual temple to said artist on the Internet? It turns out they may be your band's g ...

  49. Billboard's Twitter 140: Music-Industry Characters You Need To Follow

    March 18, 2011 10:30 AM EDT Billboard's Twitter 140: It's not about how many followers. It's not about the quantity of tweets/retweets. It's about quality. Personality. Excellent linkage. These people are followed by those who work the smartest. Whether i ...

  50. Qtrax CEO Allan Klepfisz Says Company Has Licenses With Three Majors

    March 17, 2011 5:07 PM EDT Qtrax music service CEO Allan Klepfisz told Billboard.biz today that the company now has deals with three major labels. He declined to identify which ones, but it seems that Warner Music Group is the lone holdout. Billboard has been told EMI has a ...

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