WMG Stock Hits New Low As Bronfman Promises Turnaround
Wednesday was an up day on Wall Street, but Warner Music stock tumbled another 10% Tuesday to a 52 week low after a week earnings report. The stock ended the. Continue reading
WMG Releases More Gloomy Figures
After being battered yesterday on Wall Street, WMG shared more gloomy news with investors just prior to today’s opening bell. Total revenue of $804 million for 3Q of fiscal 2007. Continue reading
New #’s From EMI Aren’t Pretty
Despite aggressive reorganization efforts at EMI, it appears that new owners Terra Firma have their work cut out for them. The hoeful spots were publishing and digital revenues which got. Continue reading
Warner Chappell Music Buys Non-Stop
Warner/Chappell Music, the music publishing arm of Warner Music Group has acquired Non-Stop Music, a leading production music library. The move enhances WCM’s presence in a high-margin segment of the. Continue reading
Tough Times At WMG
WMG stock lost more than 1% on Friday to close $11.00. It was a bad day for the markets overall, but at one point in trading Warners matched its 52 . Continue reading
Terra Firma Wins Bid For EMI
Just before today’s 1PM local deadline, UK investment firm Terra Firma announced that it had received the 90% EMI shareholder approval needed for its £2.4bn ($4.9 billion) takeover. The remaining. Continue reading
Terra Firma Forced To Extend EMI Deadline Again. Reports Surface China Mobile Is Real Buyer.
Terra Firma Capital Partners was granted a last minute extension of its bid for EMI by the U.K.’s Takeover Panel from yesterday until 1PM on Wednesday. There have been growing. Continue reading
EMI Shares Fall As Sunday Deadline Looms
EMI shares fell more than 5% amid new doubts that Terra Firma could secure financing to buy the major label group only four days before a self-imposed Sunday deadline. Terra. Continue reading
EMI Partners With VerveLife To Exploit DRM Free For Broader Marketing
EMI has announced a strategic partnership with Chicago-based digital agency VerveLife. The partnership gives brand partners access to EMI’s catalogue to offer consumers downloads via promotional campaigns. EMI’s recent decision. Continue reading
EMI Grabs Microsoft Talent To Lead Digital Technology
Add another name to EMI’s growing list of digital VP’s. The company has named Microsoft’s M Paramasivam as the global VP of Technology. In this newly created role, Paramasivam –. Continue reading
