Net News search results for: bloomberg. umg
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February 23, 2012
WMG Would Buy EMI If Deal With UMG Falls Through
While UNIVERSAL MUSIC GROUP won the bidding for EMI MUSIC, BLOOMBERG reports "LEN BLAVATNIK, the billionaire owner of WARNER MUSIC GROUP, hasn't given up pursuing EMI GROUP's recorded music unit as its sale to VIVENDI SA [UMG's parent company] is … more »
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February 21, 2012
IMPALA Asks E.U. To Block EMI Music Sale To UMG
The EUROPEAN lobbying group for independent record labels, IMPALA, has officially asked the EUROPEAN UNION to block the sale of EMI MUSIC to UNIVERSAL MUSIC GROUP. BLOOMBERG reports "IMPALA expects an 'outright rejection' of the deal by E.U. … more »
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June 23, 2011
The Latest Name Attached To An EMI Sale: Alec Gores
YESTERDAY (NET NEWS 6/22), ALL ACCESS reported that UNIVERSAL MUSIC GROUP would be one of the bidders for EMI GROUP. A person close to UMG passes that tip to the L.A. TIMES. The bidding process for the British conglomerate, now controlled by CITIGROUP, … more »
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March 7, 2011
Report: Universal Music Offers L.A. Reid A New Deal
UNIVERSAL MUSIC GROUP has reportedly made an offer to ISLAND DEF JAM Chairman ANTONIO "L.A." REID, to create a jointly-owned business. BLOOMBERG reports three people with knowledge of the situation said, "REID may be able to take several … more »
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September 7, 2010
Universal Music Loses On Appeal In Eminem Royalty Case
A Federal Appeals Court in SAN FRANCISCO has ruled against UNIVERSAL MUSIC GROUP in a lawsuit involving royalties from iTUNES downloads and mobile-phone ringtones brought by the producers who helped launch EMINEM’s career. FRIDAY's (9/3) ruling … more »
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December 7, 2009
Vevo Set To Launch Tomorrow
One of the biggest music industry collaborations of recent years, an online music video service called VEVO will be unveiled either TOMORROW (12/8) night. The site will be introduced at an event in NEW YORK where MARIAH CAREY, RIHANNA and LADY … more »
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December 4, 2009
Report: Apple Looking To Buy Lala
SOURCES tell BLOOMBERG that APPLE INC.is in negotiations to buy online music service LALA, which is currently owned by BAIN CAPITAL VENTURES and IGNITION PARTNERS in BELLEVUE, WA. The terms of the deal for privately held LALA weren't known. LALA lets … more »
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February 15, 2008
Jazz Legends Sue UMG For Withholding Royalties
The estates of jazz legends BENNY GOODMAN, "COUNT" BASIE and SARAH VAUGHAN, among others are suing the UNIVERSAL MUSIC GROUP for withholding royalties for the past decade, reports BLOOMBERG. Their suit asserts that UMG "realized an … more »
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June 22, 2006
UMG Purchases Spain's Largest Independent Label
UNIVERSAL MUSIC GROUP has agreed to purchase VALE MUSIC, SPAIN's largest independent label, from its founder, RICARDO CAMPOY, reports BLOOMBERG. UMG will retain CAMPOY and his senior executives. Financial terms were … more »