the Financial Times

  1. Warner Music Has At Least Five Serious Bidders, Source Says

    March 08, 2011 12:59 PM EST Warner Music Group is getting more bids than expected for the recorded music division and the entire company, a source told Billboard Tuesday morning. At the same time, Warner has also received bids for music publishing division Warner/Chappell, t ...

  2. Business Matters: Motorola Gets Cloud Fever, Invests in Catch Media

    February 25, 2011 4:52 PM EST Get the lowdown (below) on the music offerings at this week's Launch conference in San Francisco. Business Matters: Motorola Gets Cloud Fever, Invests in Catch Media -- Motorola has made a strategic investment in cloud storage and playback se ...

  3. Rumored and Reported: The Latest on Major Label Sales, Mergers & Acquisitions

    February 22, 2011 2:23 PM EST Terra Firma's failed investment in EMI has set in motion a series of events that could lead to major changes in the music industry. Numerous and rather speculative media reports are detailing the steps being taken by Warner Music Group, BMG R ...

  4. How Citigroup Outfoxed Guy Hands In Its Takeover Of EMI

    February 03, 2011 2:15 PM EST While press reports on Citigroup's takeover of EMI are rife with phrases about how the bank "seized control" (New York Post) in a "surprise move" (Los Angeles Times) that apparently caught Terra Firma chairman Guy Hands of ...

  5. At MIDEM 2011, Vivendi's Levy Calls For Crackdown On Piracy

    January 22, 2011 12:00 AM EST Photo Credit: © 360 MEDIAS - IMAGE & Co CANNES, France -- Vivendi CEO Jean-Bernard Lévy called on governments to step up their fight against piracy during his keynote interview at the MIDEM conference today. In a half-hour discussion with the ...

  6. Business Matters: Radio Listening Dips, LimeWire Cuts Staff and more

    November 02, 2010 12:00 AM EDT Opinion and analysis of the day's music news. Study: Radio Listening Dips -- American youths are spending more time on the Internet and less time listening to radio, according to a new Edison Research study of 12- to 24-year-olds. Daily radio ...

  7. Business Matters: EMI Records v. UPC, Piracy, Amazon and more

    October 12, 2010 12:00 AM EDT Opinion and analysis of the day's music news. The 'Scourge of Internet Piracy' - The ISPs may have won over record labels in an Irish court, but the judge went to great lengths to describe the damages done by piracy and the obligati ...

  8. 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 ...

  9. Business Matters: Warren Buffett, Pandora, Sufjan Stevens

    September 24, 2010 12:00 AM EDT -- From concert promoters to record labels, people in the industry are wondering when consumer spending will return to pre-subprime loan mess levels. Earlier this week, the National Bureau of Economic Research declared that the recession official ...

  10. Sony Confirms Cloud-based Music Service

    September 01, 2010 12:00 AM EDT Sony Electronics introduced a new digital music service called Music Unlimited during a presentation at the IFA technology conference in Germany today. The service is part of the company’s new Qriocity (pronounced “curiosity”) entertainment networ ...

  11. Business Matters: UMG, Ellen DeGeneres, Google and more

    August 30, 2010 12:00 AM EDT Opinion and analysis of the day's music business news. UMG SPENT $840K LOBBYING IN Q2 Universal Music Group spent $840,000 in Q2 to lobby the federal government, up from the $700,000 spent in the same period a year ago, according to BusinessW ...

  12. PRS Proposes Piracy Levy On ISPs

    July 14, 2010 12:00 AM EDT U.K. collecting society PRS for Music has proposed a levy on Internet Service Providers based on the levels of piracy on the individual networks. The idea of a levy is contained in a discussion paper, "Moving Digital Britain Forward Without L ...

  13. Business Matters: AEG, Copyright Reform, Another Planet and more

    July 01, 2010 12:00 AM EDT LABELS + AEG, CONFLICT OF INTEREST? -- Would a conflict of interest prevent major labels from buying a stake in AEG ? The Deal tosses out Live Nation as an example, saying its artist management division’s quest for higher guarantees is fundamental ...

  14. Business Matters: CRB, Ringtone Royalties, Vevo, Zune and more

    June 28, 2010 12:00 AM EDT COURT UPHOLDS CRB DECISION -- Last week, the U.S. Court of Appeals for the D.C. Circuit upheld a 2009 decision by the Copyright Royalty Board that set the mechanical royalty rate for ringtones at 24 cents. The judges found that the CRB’s decision ...

  15. Fans Start Arriving At Glastonbury

    June 23, 2010 12:00 AM EDT Glastonbury Festival does not officially begin until tomorrow, but thousands of fans have started arriving on site today (June 23) to set up camp for the week ahead. The gates are open at Worthy Farm in Somerset and those who do arrive early will ...

  16. Business Matters: Pandora, Faxon, Apple and more

    June 21, 2010 12:00 AM EDT PANDORA DOMINATES -- Pandora dominates Internet radio with a 28% share of the over-12 Internet population, according to figures by Arbitron and Edison Research. Among heavy social networkers, Pandora has a 40% share. That creates a competitive adv ...

  17. Business Matters: Terra Firma, 'Glee,' Wolfgang's Vault and more

    May 28, 2010 12:00 AM EDT Follow Glenn Peoples on Twitter or e-mail him at gpeoples AT billboard.com. -- A source close to Kohlberg Kravis & Roberts (KKR) denied to the Financial Times the buyout firm has been in talks with Terra Firma . “There are no discussions betwe ...

  18. 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 ...

  19. Business Matters: Obama, EMI, WMG, Alison Krauss and More

    May 12, 2010 12:00 AM EDT -- Two posts worth reading: The Hollywood Reporter's "Why Hollywood Should Be Very Nervous About Elena Kagan," a post about President Obama's nomination for the Supreme Court, and a follow-up by music attorney Chris Castle . &q ...

  20. BMG Mulls Bidding For U.K. Rivals

    May 04, 2010 12:00 AM EDT BMG Rights Management, the music venture owned by Bertelsmann and KKR, is eyeing a number of potential U.K. investment projects, the Financial Times reported. BMG was looking at "something like 50 deals," including two or three large acq ...

  21. Uphill Battle: Startup Beyond Oblivion Has Its Work Cut Out

    April 28, 2010 12:00 AM EDT Other than its ambition, little is known about Beyond Oblivion, the digital startup that received a $10 million investment from News Corp. A piece at The Financial Times explains it promises to combat piracy (PR speak for “we understand people don ...

  22. How Much $ Is Spotify Making?

    April 27, 2010 12:00 AM EDT Spotify CEO Daniel Ek says his company is one of the top four digital accounts in revenues for major record labels. Data released by the BPI on Monday shows the UK trade value of subscription and ad-supported services combined totaled £20 million ...

  23. Terra Firma To Ask EMI Investors For Much More

    April 20, 2010 12:00 AM EDT Guy Hands' Terra Firma Capital Partners plans to ask investors to put a further £360 million ($555 million) into EMI - three times the amount Terra Firma previously indicated would be needed to make up shortfalls against the loan covenants. A ...

  24. BMG Rights Management To Acquire Cherry Lane

    March 26, 2010 12:00 AM EDT BMG Rights Management has made an agreement to acquire Cherry Lane Music Publishing. The deal was confirmed by BMG Rights Management today (March 26). Billboard.biz first reported talk of a deal on Tuesday (March 23). The Cherry Lane roster of cli ...

  25. Chinese Shrug Shoulders At Possible Google Pull-out

    March 22, 2010 12:00 AM EDT With speculation swirling that Google Inc will soon announce the closure of its China-based Internet portal, the reaction from some Chinese has been hurry up and leave, or simply: so what? On Friday, the China Business News reported Google may mak ...

  26. Google Partners Call For Clarity On China Plans

    March 17, 2010 12:00 AM EDT Chinese firms selling advertising space on Google's search pages have demanded clarity about the search giant's plans in China, as speculation increases over Google's future in the world's largest Internet market. Their demand ...

  27. U.K. Anti-Piracy Bill Passed By Lords

    March 16, 2010 12:00 AM EDT The U.K. Digital Economy Bill, which includes measures to tackle illegal file-sharing, has cleared the House of Lords with a controversial clause set to be introduced in the Commons. The Bill's legislative process will now continue in the Hou ...

  28. Google Says China Talks Continue, But Pullout Signs Grow

    March 15, 2010 12:00 AM EDT Google said on Monday (March 15) it remained in talks with the Chinese government about censorship of its Chinese-language search portal, despite mounting signs the company could soon shut the site. Google Inc, the world's biggest search engi ...

  29. Concessions To Web Firms In U.K. Digital Economy Bill

    March 12, 2010 12:00 AM EST The House of Lords is set to make concessions to those who expressed alarm about measures to block Web sites in the government's Digital Economy Bill aimed at tackling piracy. Last week amendment 120A was passed by opposition peers in the Lor ...

  30. Forrester Analyst Talks Access Models, Predicts Content Providers Will Get Squeezed

    March 02, 2010 12:00 AM EST During his presentation at paidContent2010 , Forrester analyst James McQuivey predicted access models would flourish but content providers will get squeezed during the process. Since the music industry is getting desperate to find a workable acces ...

  31. Business Matters: Digital Music Forum, Lady Gaga, Sellaband, Napster and More

    February 25, 2010 12:00 AM EST -- After EMI was acquired by Terra Firma , artists began to hesitate signing with the record label. Now, The Financial Times says the company's debt load is a hindrance. "It would be very difficult to say to your client you should sign t ...

  32. Report: EMI Puts 'For Sale' Sign On Abbey Road

    February 16, 2010 12:00 AM EST Abbey Road, the iconic London recording studios, has been put on the market by EMI, according to the Financial Times. EMI declined to comment to Billboard.biz on the prospective sale of the studios, immortalized by the 1969 Beatles album of the sa ...

  33. Guy Hands Orders New EMI Strategic Plan, Huge Loss Expected

    February 04, 2010 12:00 AM EST Guy Hands has asked EMI Music chief executive Elio Leoni-Sceti to draw up a new plan for the recorded music company, in order to persuade Terra Firma investors to inject a reported £100 million ($158.5 million) of additional investment. The Financ ...

  34. Report: Three-Strikes On ACTA Agenda

    January 29, 2010 12:00 AM EST Three-strikes style measures to tackle illegal file-sharing are being secretly discussed at the anti-counterfeiting trade agreement (ACTA) talks in Mexico. The Financial Times reports that activists and industry groups have confirmed the talks, wh ...

  35. Business Matters: Bandcamp, Vodafone, Copyright Policy Analysis and More

    January 26, 2010 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. Follow Billboard senior analyst Glenn Peoples on Twitter at twitter.com/billboardglenn . -- The business models of personalized radio stations sto ...

  36. Terra Firma Profits Drop

    January 21, 2010 12:00 AM EST EMI owners Terra Firma's profits dropped 43% in the year to March 2009. Profits fell to £1.87 million ($3 million), while turnover increased slightly from £47.2 million ($76.6 million) to £47.8 million ($77.5 million) According to the Financi ...

  37. Apple To Host Product Event In January: Report

    December 24, 2009 12:00 AM EST Apple Inc has reserved space in late January at a venue in San Francisco in advance of a planned product announcement, the Financial Times reported. The company has rented a stage at the Yerba Buena Center for the Arts and is expected to make a &q ...

  38. Report: Citigroup Moved For EMI

    December 18, 2009 12:00 AM EST According to the Financial Times, Citigroup tried to take control of EMI before Terra Firma launched a legal action against the bank. The paper reports that in September Citigroup proposed a debt-for-equity swap that would have given the bank a ma ...

  39. Speculation Over Borders U.K. Continues

    November 25, 2009 12:00 AM EST Publishers are waiting for news on Borders U.K., as negotiations continue over a possible sale of the troubled chain. A number of distributors have the retailer on stop, with the Random House-owned companies -- the Book Service and Grantham Book S ...

  40. Speculation Mounts Over Borders U.K. Sale

    November 23, 2009 12:00 AM EST Borders U.K. is once again the subject of feverish speculation after it was placed back on the market only four months after it was bought in a management buyout backed by distressed debt specialist Valco Capital Partners. Publishers spoken to by ...

  41. Business Matters: EMI, Comcast, John Taylor, Wolfgang's Vault

    November 17, 2009 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- More on EMI 's debt with Citi : The Financial Times reports Terra Firma has written down its investment in EMI by 90%. "Mr Hands want ...

  42. Business Matters: Qtrax, EMI, MySpace Music, Grand Ole Opry

    November 11, 2009 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- Qtrax is reported to have hired CLSA, a brokerage firm, to help it raise an additional $50 million . The company, the creator of an ad-supporte ...

  43. Business Matters: Live Nation, Grand Ole Opry, Twitter

    October 22, 2009 12:00 AM EDT Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- The Financial Times weighed in on the proposed TicketMaster-Live Nation merger with an op-ed on Wednesday. Calling it "an overmighty duo,& ...

  44. Business Matters: Sky Songs, iTunes LP, We7

    October 12, 2009 12:00 AM EDT -- British Sky Broadcasting will launch its long-awaited ISP-based music service next week. The specifics about the quality of the store and its user experience are still emerging, but details are out about the pricing structure. And they are unde ...

  45. Business Matters: Zune HD, Michael Robertson, EMI, RIAJ

    September 15, 2009 12:00 AM EDT Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- U.K., shadow culture secretary Jeremy Hunt criticized Lord Mandelson's plans to step up anti-piracy measures. "Do we really want to p ...

  46. Briefs: Cablevision, 'Free,' Zune HD

    August 03, 2009 12:00 AM EDT -- The Financial Times believes Cablevision's spin-off of Madison Square Garden Entertainment may lead to greater consolidation in the live events business and Pali's Richard Greenfield believes AEG may have interest in acquiring MSG. MS ...

  47. Report: Apple, Labels Work On Plan To Boost Album Sales

    July 27, 2009 12:00 AM EDT Apple and the major record labels are working on a new system that would allow them to include a digital, interactive version of the CD booklet to albums downloaded from iTunes, according to a report in the Financial Times . The effort, dubbed &qu ...

  48. Simon Cowell 'To Launch Global Entertainment Company'

    June 24, 2009 12:00 AM EDT Simon Cowell is set to partner with U.K. retail magnate Sir Philip Green on a global entertainment company that will produce and own TV content in the U.S. and Britain. The venture, which does not yet have a name, will have Green's backing as ...

  49. Briefs: Edgar Bronfman, BT, Topspin

    June 22, 2009 12:00 AM EDT -- Edgar Bronfman, CEO and chairman of Warner Music Group is profiled and interviewed in the Financial Times. Bronfman talked about the company's bond issuance ("a real vote of confidence"), multi-rights deals ("Fundamentally, ...

  50. UMG's Lucian Grainge Joins Call To Tackle Piracy

    June 04, 2009 12:00 AM EDT Universal Music Group International chairman and CEO Lucian Grainge has joined with four other high-ranking U.K. media chief executives to call on the government to propose tough action on Internet piracy in its forthcoming Digital Britain report. ...

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