Net News search results for: bertelsmann music group
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August 5, 2008
Bertelsmann Realigns BMG For Music Rights Business
In the wake of selling its portion of SONY BMG to partner SONY, BERTELSMANN is gearing the business of its BERTELSMANN MUSIC GROUP towards music rights management. BERTELSMANN is taking over selected European catalogs of music rights from SONY BMG as … more »
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August 5, 2008
Sony Buys Bertelsmann's 50% Stake In Sony BMG
SONY CORPORATION and BERTELSMANN AG TODAY announced that SONY has agreed to acquire BERTELSMANN's 50% stake in SONY BMG. The music company, to be called SONY MUSIC ENTERTAINMENT INC., will become a wholly-owned subsidiary of SONY CORPORATION OF AMERICA. … more »
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July 29, 2008
Sony Negotiating Bertelsmann Buyout
SONY CORP is in talks to buy the 50% stake it does not own in SONY BMG MUSIC ENTERTAINMENT from GERMANY's BERTELSMANN for more than 100 billion yen ($931 million), the NIKKEI BUSINESS DAILY reported on TUESDAY. The paper said the companies aim to reach … more »
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July 16, 2008
Bertelsmann Plans More Divestitures
GERMAN media giant BERTELSMANN AG plans to further divest itself of struggling book, music and DVD clubs around the world, but maintain footholds in several of EUROPE's biggest markets as part of a broader restructuring to jettison underperforming … more »
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July 11, 2008
Sony BMG Wins Merger Appeal At Top EU Court
SONY and BERTELSMANN won a ruling at the EUROPEAN UNION's highest court to throw out a lower tribunal's decision (NET NEWS 7/10) that temporarily jeopardized the formation of their SONY BMG music label, reports THE NEW YORK POST. The EUROPEAN Court of … more »
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June 11, 2008
Report: Bertelsmann Wants $1.5B For Sony BMG Stake
An unnamed source tells FT DEUTSCHLAND the GERMAN media group wants to sell its 50% stake in SONY BMG to its JAPANESE partner for $1.5 billion within four to six weeks, reports PAIDCONTENT.ORG. It may only get $1.2 or $1.3 billion, the source said. … more »
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June 10, 2008
Bertelsmann Wants To Sell Sony BMG Stake To Sony
As first tipped on ALL ACCESS (NET NEWS 6/2), BERTELSMANN is in talks with SONY on the sale of BERTELSMANN's half in their jointly owned music company SONY BMG. Each has owned half of the music publishing firm since 2004, and SONY has an option to buy … more »
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June 2, 2008
Bertelsmann Escalates Talks To Exit Sony-BMG
GERMAN media group BERTELSMANN plans to intensify talks to exit its SONY-BMG music joint venture with JAPAN's SONY, the NEW YORK TIMES reported on MONDAY, citing people with knowledge of the negotiations. The newspaper quoted BERTELSMANN CEO HARTMUT … more »
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May 9, 2008
Bertelsmann Finally Free Of Napster Blues
BERTELSMANN almost swung to a first-quarter profit on THURSDAY, narrowing its loss from last year, thanks to the fact it no longer had to pay for its costly past as a friend to NAPSTER, writes FORBES. BERTELSMANN said its net loss for the quarter came in … more »
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March 18, 2008
Bertelsmann Profit Drops on Napster Costs, Writedowns
BERTELSMANN AG said 2007 profit fell on writedowns at its book and CD club and lawsuit costs from the NAPSTER download service, reports BLOOMBERG NEWS. Net income dropped to 216 million euros ($341 million) from 2.14 billion euros a year earlier. … more »