Net News search results for: bloomberg. umg
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November 16, 2018
Liberty CEO Greg Maffei Expresses Interest In Buying UMG
If UNIVERSAL MUSIC GROUP parent VIVENDI SA sells the music company, count LIBERTY MEDIA, which currently owns SIRIUSXM and is buying PANDORA in on the action. CEO GREG MAFFEI said the company would “absolutely” consider buying a stake. … more »
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August 26, 2016
Spotify Denies Report That It Targets Musicians Who Deal With Apple Music
SPOTIFY has flatly denied a BLOOMBERG NEWS story that it has been retaliating against musicians who give exclusives to APPLE MUSIC. People "familiar with the strategy" to BLOOMBERG that SPOTIFY has been making the songs of artists who offer … more »
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July 15, 2014
Report: Major Labels Getting A Piece Of SoundCloud
Digital-music service SOUNDCLOUD LTD., is close to selling off equity to the three label groups in exchange for an agreement not to sue it for copyright violations, BLOOMBERG reports. The Berlin-based company, boasting a monthly audience of more than 250 … more »
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September 12, 2013
Sony, WMG And UMG Sue SiriusXM Over Pre-1972 Recordings
SIRIUSXM may have thought a lawsuit filed by the '60s-'70s pop group THE TURTLES (NET NEWS 9/6), which claims the satcaster played the group’s songs without permission, was an annoyance, but now some major labels have their legal beagles … more »
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August 10, 2012
Could Required Cuts In UMG/EMI Deal In Europe Be A Deal Breaker?
In a meeting YESTERDAY (8/9), EU Regulators told UNIVERSAL MUSIC GROUP the cuts they've offered in order to get approval for purchasing EMI MUSIC don't go far enough. Some analysts feel the cuts the regulators want go so far as to jeopardize the deal. … more »
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June 27, 2012
UMG's Parent Company Has Debt Rating Lowered By Fitch
VIVENDI SA, the parent company of UNIVERSAL MUSIC GROUP, may have its debt rating lowered "unless the French media and telecommunications company shows it can reduce its liabilities," FITCH RATINGS said today. BLOOMBERG reports, "FITCH, … more »
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March 27, 2012
UMG Looks To Sell Off Three Music Catalogs
As VIVENDI continues to make moves in anticipation of acquiring EMI MUSIC, their currently owned label, UNIVERSAL MUSIC GROUP is looking to spin off three music-publishing catalogs. BLOOMBERG.COM reports UMG has "hired BANK OF AMERICA MERRILL LYNCH … more »
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March 8, 2012
FTC Asked To Scrutinize EMI Sale
The U.S. FEDERAL TRADE COMMISSION is being asked by a consumer advocacy group to scrutinize whether CITIGROUP's proposed sale of EMI GROUP’s music and publishing assets would hurt competition in the music industry, BLOOMBERG reports. PUBLIC … more »
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March 2, 2012
In Order To Buy EMI, UMG Starts Spinning Off 'Assets'
VIVENDI SA, looking to make it easier for regulators to approve its recent purchase of EMI MUSIC, has begun to spin off some UNIVERSAL MUSIC GROUP assets. The first order of business was the sale of its independent distribution arm, FONTANA, to … more »
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February 28, 2012
EU Regulators Probe UMG Acquisition Of EMI
In hearings before EUROPEAN UNION regulators, rivals and customers of UNIVERSAL MUSIC GROUP were asked whether UMG's acquisition of EMI GROUP's recorded music business would allow it to increase prices, reports BLOOMBERG. "Regulators in BRUSSELS … more »








