Net News search results for: businessweek.com
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June 21, 2010
Universal Lobbied To The Tune Of $810,000 In Q1
UNIVERSAL MUSIC GROUP dropped $810,000 in Q1 to lobby the federal government on the performance royalty bill before Congress, according to a disclosure report. BUSINESSWEEK.COM reports that's "down from the $880,000 that the recording subsidiary of … more »
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June 15, 2010
Survey Expects Music Sales To 'Turn Around In 2013'
A report from PRICEWATERHOUSECOOPERS says global music sales are "approaching a turning point as revenue from digital outlets such as APPLE's iTUNES overtake purchases of CDs," reports BUSINESSWEEK.COM. "We’re about to hit that … more »
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June 2, 2010
Former Vivendi CEO On Trial In Paris
Former VIVENDI Chairman/CEO JEAN-MARIE MESSIER, who oversaw the company's growth into media powerhouse VIVENDI UNIVERSAL, is facing trial in PARIS on charges he misled investors about the company's health as it took on billions of dollars of debt and … more »
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June 1, 2010
Zune Weighing Streaming Discount
In an attempt to goose sales of its ZUNE music player, MICROSOFT CORP.is considering cutting the monthly fee it charges for streaming music, reports BUSINESS WEEK. Sr. Product Manager TERRY FARRELL wouldn't give specifics on the size of the price cut; … more »
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May 28, 2010
Tribune Gets Court OK To Delay Sending Reorg Plan To Creditors For Vote
TRIBUNE CO. received permission from U.S. Bankruptcy Court Judge KEVIN J, CAREY to delay sending its reorganization plan to creditors for voting in order to try and settle its dispute with a group of junior lenders about how to describe their proposed … more »
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May 11, 2010
Vivendi Up In Q1 Despite UMG Being Down 13%
UNIVERSAL MUSIC GROUP parent company VIVENDI SA, reported first-quarter profits rose 13%. VIVENDI's adjusted net income, or profit excluding one-time gains and some costs, rose to 736 million euros ($936 million) from 649 million euros a year earlier. … more »
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May 4, 2010
Terra Firma Offers Huge Return For EMI Investment
TERRA FIRMA CAPITAL PARTNERS LTD. head GUY HANDS is trying to make an offer investors can't refuse. BLOOMBERG reports that HAND is claiming that investors could earn up to a 58% rate of return if they provide cash needed to keep lenders from seizing … more »
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March 30, 2010
Vivendi Chief Says Global Expansion Is Key
VIVENDI SA CEO JEAN-BERNARD LEVY said his company and its competitors must extend the reach of content such as video games and music into emerging markets to remain global media leaders, reports BUSINESSWEEK.COM. "We can’t stay in a situation … more »
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March 30, 2010
UMG Re-enters Possible Deal With EMI
THE WALL STREET JOURNAL is reporting that UNIVERSAL MUSIC GROUP has re-entered talks with EMI regarding music distribution. The deal could raise as much as $300 million for the indebted British music company, people familiar with the matter said. … more »
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March 29, 2010
Sirius XM Seeks Extension On NASDAQ Delisting
SIRIUS XM RADIO said FRIDAY (3/26) that it has scheduled a hearing with the NASDAQ STOCK MARKET to gain a reprieve for its stock, currently trading at less than $1, and in danger of delisting (NET NEWS 3/17). NASDAQ notified SIRIUS last FALL that it may … more »