MusicDish e-Journal - October 22, 2018
MusicDish Advertising Network
Search MusicDish e-Journal (Advanced)
Subscribe To MusicDish e-Journal
About | Contact | Advertise | RSS | Submit Article | Submit News | Artist Development | Premium PR Distribution
Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network

Or Will It Be Three ...?
By Jon Newton,
(more articles from this author)
Comment | Email | Print | RSS

With news of a Sony / BMG music business merger that would make the Big Five the Bigger Four, "intense and constructive" talks between Britain's EMI and Time Warner could lead to an Even Bigger Three.

This would, of course, also mean the record labels, which call the shots in the US via their RIAA (Recording Industry Association of America) would all be foreign owned. At the moment, Warner's 'membership' prevents that.

"EMI, the world's third largest music company, has secured debt financing for a $1.6bn-$1.7bn (950m-1bn) cash and shares bid for Warner Music, the recorded music arm of Time Warner," says a Financial Times story here. "Eric Nicoli, EMI chairman, is due to discuss the offer with Jeff Bewkes, chairman of Time Warner's entertainment and network division, in New York before the end of the week."

MusicDish Network Sponsor
The FT says a group of banks led by Citigroup, Royal Bank of Scotland, Goldman Sachs and UBS Warburg has agreed financing commitments for the $900m-$1bn cash element of the deal. If it's finalised, "Time Warner will receive up to 25% of the enlarged group, worth about $800m. The final terms of the transaction will depend on due diligence on Warner Music, which reported a $9m loss on sales of $2.92bn in the first nine months of the year."

The EMI Time Warner talks were said to be "intense and constructive" following several weeks of meetings between the two sides, says the FT, going on, "People who are familiar with the negotiations said a deal could be completed in the next two to three weeks. But they cautioned that several issues still needed to be resolved.

"The talks represent Time Warner's latest attempt to solve the strategic questions surrounding its music business, which has been hit by falling sales caused by the spread of illegal music downloading."

Home » News Beat » Or Will It Be Three ...?
Email |Print |Comment |RSS

back | top

MusicDish Advertising Network

News Beat

» indieOn Connects Music to the Blockchain

» 13 Music Label Sold to MTN

» Darcus Beese Named President Of Island Records

» ASCAP Revenues Top $1.144 Billion In 2017

» BMG Appoints New Creative Directors In Nashville

News Beat Directory

» [2018-09-16] Live Nation Electronic Asia Inks Deal With Budweiser For Creamfields Festivals; Together, Creamfields And Budweiser Will Focus On Building Entirely New Content For Dedicated Electronic Music Fans Throughout Asia

» [2018-08-23] Andy Ma Appointed Warner Music China CEO; Andy Ma Has Also Been Appointed EVP, Commercial And Business Development For Greater China

» [2018-08-23] IndieOn Connects Music To The Blockchain; IndieOn Is Confident Of Creating A "music Miner" Who Listens More And Grow Their Token Value

» [2018-06-23] The 2018 MIDEM Silk Road International Music Alliance Signing; International Music Industries Signing Of A Mutual Resource Sharing Agreement With Shanghai Conservatory Of Music & The China Records Group

» [2018-06-06] Screen Music Connect To Explore The Music Of Film, Television And Interactive Media; Created By James Hannigan, Award-winning Composer And Game Music Connect Co-founder, Screen Music Connect Builds On The Success Of The Sold-out Game Music Conferences

» [2018-06-05] Fred Casimir To Develop BMG's Global Recordings Business; As Well As Building BMG's European Infrastructure, Casimir Was Instrumental In Developing BMG's Recordings Business

» [2018-06-03] 13 Music Label Sold To MTN; DSN Music Spins Off Record Label To Albuquerque Music Entrepreneur's New Group

» [2018-06-02] CISAC 2018 Annual Report; A Comprehensive Overview Of The Confederation's Work To Serve 4 Million Creators And 239 Authors Societies Across The World

» [2018-06-02] MusicDish Announces A Love Electric 2018 China Tour; The Tour Will Crisscross Through China With 12 Shows In 8 Cities, Including Guangzhou, Dongguan, Zhuhai, Shenzhen, Kunming, Jiaxin, Wuhan And Beijing

» [2018-06-02] Darcus Beese Named President Of Island Records; Renowned U.K. Music Executive To Join Universal Music Group's U.S. Label Leadership

» [2018-05-17] Avant-Garde Label Maybe Noise Launches In Beijing; The Official Launch Will Be On May 26 At Magnet Theater With A Performance Supporting Its First Vinyl Release: Png Z

» [2018-05-04] Award-Winning Lithuanian Rock Band Colours Of Bubbles "She Is The Darkness" 2018 China Tour; The Tour Will Kickoff In Shanghai Where The Band Will Represent Lithuania During The Country's Signing To The Silk Road Music Alliance
MusicDish Advertising Network

follow MusicDish on
Follow MusicDish on Twitter

Mi2N Music PR

Tony Carlucci & Dynamic Destony Releases New LP "A New Day"

Laura Angelini Makes Birthday World Event

Killer Tracks Delivers The Music For A NASA Moon Video

John Keenan Taking It To The Next Level

Royale - Playground (Single)

Make A Wish With Catherine Duc's 'Stargazing' Remix Of Ben Hobbs' 'Blind To You'

Asian Pop Queen Celest Releases Debut English Single/Video "I Got Him"

Websites: Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network
Services: Submit Article | Submit News | Submit Video | Artist Development | Premium PR Distribution

Copyright © 1997-2018 MusicDish LLC., all rights reserved.
About MusicDish e-Journal | Contact Us | Advertise | RSS | Internships