Net News search results for: european commission
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December 24, 2012
UMG/EMI Aftermath: BMG Acquires Mute Records Calatog
BMG has acquired the catalogue of MUTE RECORDS from UNIVERSAL MUSIC GROUP, subject to regulatory approval by the EUROPEAN COMMISSION. This is the first deal UMG has consummated in its efforts to divest itself of assets ordered by the EUROPEAN COMMISSION … more »
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November 14, 2012
Digital Sales Finally Offsetting CD Losses At Universal Music Group
There's good news for the world's largest record company, UNIVERSAL MUSIC GROUP, with reports that the company will begin posting profits again. UMG, like most labels, took a major hit in the post NAPSTER world when CD sales began to fall. Now, it's … more »
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September 21, 2012
EMI CEO Roger Faxon To Resign
Soon after TODAY's announcement of the UMG/EMI merger approval, EMI CEO ROGER FAXON sent an e-mail to the staff, announcing his resignation, effective FRIDAY, SEPTEMBER 28th, HYPEBOT.COM reports. Here are excerpts from the e-mail:: It has been … more »
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September 21, 2012
Both U.S. And EU Give Approval Of UMG Buyout Of EMI Music
UNIVERSAL MUSIC GROUP got EU regulatory approval earlier TODAY (9/21) to buy EMI MUSIC for $1.9 billion after agreeing to sell record labels that bring in nearly a third of the British company's revenues. Now, REUTERS reports the U.S. FEDERAL TRADE … more »
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September 19, 2012
Reports: EU To Approve UMG/EMI Deal On Friday
Multiple sources are now reporting that the EUROPEAN UNION will approve UNIVERSAL MUSIC GROUP's $1.9 billion acquisition of EMI MUSIC this FRIDAY. If this pans out, the only obstacle left to complete the deal is approval by U.S. regulators. According to … more »
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September 10, 2012
EU Commission Presses For Concessions From UMG In EMI Deal
As The EU inches closer to approving the $1.9 Billion purchase of EMI MUSIC by UNIVERSAL MUSIC GROUP, more details are leaking out regarding the concessions UMG is being asked to make in order to get a thumbs up on the deal. Last THURSDAY (NET NEWS 9/6), … more »
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September 6, 2012
EU Approval For UMG-EMI Deal Seems Imminent
As reported by ALL ACCESS last week (NET NEWS 8/31), a vote is expected in the EUROPEAN UNION this month on approving UNIVERSAL MUSIC GROUP's $1.9 billion bid for EMI MUSIC. According to a report in BUSINESSWEEK.COM, citing three people familiar with the … more »
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August 31, 2012
Report: EU Approval For UMG/EMI Deal Could Come As Soon As Sept. 19th
A vote is expected in the EUROPEAN UNION late next week on approving UNIVERSAL MUSIC GROUP's $1.9 billion bid for EMI MUSIC, reports BUSINESSWEEK.COM, citing three people familiar with the situation. "A positive vote on the deal by the national … more »
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August 20, 2012
Canada Approves UMG-EMI Deal
You can add CANADA to the list of regulators that have approved UNIVERSAL MUSIC GROUP's $1.9 billion purchase of EMI MUSIC, reports CHRIS MORRIS of VARIETY. NEW ZEALAND and JAPAN have previously approved the deal, while it is still under … more »
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July 23, 2012
Report: UMG To Spin Off Labels To Indies To Get Approval On EMI Purchase
UNIVERSAL MUSIC GROUP reportedly plans to sell three music labels currently owned by EMI MUSIC to independent labels rather than other major labels, as part of getting regulatory approval for its purchase of EMI MUSIC. REUTERS reports "UNIVERSAL … more »