1. Warner Music Group Adds Three to Board of Directors

    May 02, 2014 5:40 PM EDT Warner Music Group's busy year continues. The major has elected three new members to its board: Mathias Döpfner, Noreena Hertz and Oliver Slipper. The three will increase the board's chair count to 11, up from 8. Döpfner brings extensive ...

  2. Spotify Drove Universal Music’s 75% Jump in Streaming Revenue Last Year

    February 25, 2014 8:15 PM EST Spotify drove a large part of the 75% jump Universal Music Group achieved in 2013 in subscription and streaming revenue, according to a source familiar with the music group’s financial statements. During the conference call, Vivendi reported that ...

  3. Eminem, Diddy, Ice Cube Among Legendary Hip-Hop Line-Up Playing Tonight's Beats Music Launch Party

    January 25, 2014 2:00 AM EST Billboard and THR have learned that Eminem will be performing at tonight's Beats Music launch party along with a constellation of primarily old school hip-hop luminaries that includes, Ice Cube, Sean "Diddy" Combs, Geto Boys, Metho ...

  4. Warner Music's Len Blavatnik, Will Smith Invest in The Fancy

    July 09, 2013 8:30 PM EDT Warner Music Group owner Len Blavatnik and Will Smith are among wealthy investors in online shopping site, The Fancy. Smith, American Express and the Ukrainian-born Blavatnik, who owns Warner Music and film company Icon UK among other media and ...

  5. Analysis: With Warner, Beats and More, Is Len Blavatnik Building a New Media Empire?

    March 06, 2013 7:32 PM EST Len Blavatnik’s Tuesday announcement of his $60 million investment in Beats Electronics’ forthcoming music service Daisy is just the latest in a string of deals that are starting to fill in a bigger picture around the billionaire’s broader am ...

  6. From The Magazine: Did Len Blavatnik and Warner Music Overpay For Parlophone?

    February 15, 2013 12:50 PM EST GET THIS WEEK'S ISSUE OF BILLBOARD HERE WHAT: Warner Music Group’s pre-emptive bid by far beat the nearest competitor to win the auction for Parlophone, home to Coldplay and Pink Floyd. It has agreed to pay £487 million ($762 million) to Uni ...

  7. BMG Beats Warner/Chappell to 'New Wave'-Heavy EMI Publishing Divestitures for $90 Million

    December 20, 2012 5:46 PM EST BMG successfully outbid Warner/Chappell to win control of nearly 30,000 songs divested by EMI, including popular UK '80s hits from acts like Tears for Fears and Culture Club. The catalogs -- which were sold for around $90 million, according t ...

  8. Lyor Cohen, Post Warner Music: Who Will Replace Him, and What's His Next Move?

    September 24, 2012 9:57 PM EDT Lyor Cohen's imminent departure from Warner Music Group sent a tremor through the music industry on Monday and sparked speculation on the inevitable management shuffle around the industry to replace the colorful hard-nosed executive. Cohen, r ...

  9. Lyor Cohen Stepping Down as Warner Music Chairman/CEO

    September 24, 2012 6:01 PM EDT Lyor Cohen, Chairman/CEO of Recorded Music for Warner Music Group, is stepping down from his post effective September 30, the company announced today. He had been at Warner since 2004, beginning as Chairman and CEO, US Recorded Music in March of t ...

  10. Record Label Shake Ups, Sales Make For A Tumultuous Year In The Music Industry

    December 08, 2011 7:55 AM EST With the sale of Warner Music Group, the planned sale and breakup of EMI Group and the installation of new management at each of the three surviving majors, 2011 was a year of seismic shifts in the major-label landscape. The rumbles began immediat ...

  11. 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 ...

  12. WMG Businesses Receive More Than 10 Bids in Auction

    February 28, 2011 7:00 PM EST The Warner Music Group has received more than 10 bids in the first round of the auction being conducted on its behalf by Goldman Bros., according to Bloomberg News , who quoted anonymous sources. Sony ATV and BMG, the Berteslmann/KKR joint venture ...

  13. Blavatnik Resigns From WMG Board

    January 18, 2008 12:00 AM EST Len Blavatnik has resigned from Warner Music Group's board of directors. Blavatnik has served as a WMG director since March 2004. He told the company his executive responsibilities at Access Industries and travel schedule would prevent his co ...