Net News search results for: european commission
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July 18, 2012
There Are More Hoops To Jump Through For UMG To Satisfy EU Regulators In EMI Deal
UNIVERSAL MUSIC GROUP continues to look for the right mix of concessions to appease European antitrust regulators for its proposed $1.9 billion acquisition of EMI MUSIC. THE WALL STREET JOURNAL reports UMG "will likely need to offer significant … more »
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July 18, 2012
Report: IMPALA's Patrick Zelnik Offered Virgin Post Should Richard Branson Buy Back Label
Indie label trade group IMPALA Co-President PATRICK ZELNIK surprised many in the industry -- especially those who are against the UMG/EMI acquisition, such as IMPALA itself -- when he penned an op-ed in the FINANCIAL TIMES that "A UNIVERSAL/EMI … more »
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July 17, 2012
Say What? IMPALA's Patrick Zelnik Switches Sides To Support UMG/EMI Deal
No sooner had indie label trade group IMPALA released a statement reaffirming its opposition to UMG's acquisition to EMI, than IMPALA Co-Pres. PATRICK ZELNIK wrote an editorial in the FINANCIAL TIMES, asserting that "A UNIVERSAL/EMI merger could … more »
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July 17, 2012
Report: Richard Branson Considers Buying Virgin Records Back
If UMG decides to sell off VIRGIN RECORDS in order to get its acquisition of EMI MUSIC approved by the EUROPEAN COMMISSION (NET NEWS, 7/16), it looks like VIRGIN's original owner, RICHARD BRANSON will make a bid for it, BUSINESSWEEK reports. … more »
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July 16, 2012
Reports Say Universal Could Sell Virgin Records To Get EU OK For EMI Deal
Is UNIVERSAL MUSIC planning to sell VIRGIN RECORDS and EMI CLASSICS in order to get the EUROPEAN COMMISSION to approve its bid to take over EMI? Reports in several newspapers indicate that UNIVERSAL will propose the spin-offs, and possibly the sale … more »
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July 12, 2012
Japanese Commission OKs UMG Purchase Of EMI Music
While U.S. and EUROPEAN regulators still have issues with UMG's proposed takeover of EMI MUSIC, the $1.9 Billion (£1.2 Billion) deal has gotten a thumbs-up in JAPAN. A UNIVERSAL spokesperson confirmed to MUSICWEEK.COM, "that the JAPANESE FAIR … more »
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July 11, 2012
Report: UMG To Propose Revival 'Manifesto'
THE FINANCIAL TIMES reports, "UNIVERSAL MUSIC will propose to regulators in the coming weeks a 'manifesto' for restoring music industry growth as it seeks to save its £1.2bn bid for EMI's recorded music business, its chairman and chief … more »
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July 6, 2012
Viviendi's Jean-Rene Fourtou To Push EMG Deal To EU
VIVENDI Chairman JEAN-RENÉ FOURTOU has taken the reins of UMG’s bid for EMI MUSIC, the FINANCIAL TIMES reports. He will immediately attempt to persuade European regulators not to block the £1.2 billion deal or demand costly … more »
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July 5, 2012
EU Gives UMG Until Today To Respond To Objections Over EMI Deal
The EU Commission has given UNIVERSAL MUSIC GROUP two extra days to address concerns on its planned purchase of EMI MUSIC, two people familiar with the matter told REUTERS on WEDNESDAY, JULY 4th. UMG originally had until JULY 3rd to address the concerns … more »
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July 3, 2012
EU Commission Releases Objections To UMG/EMI Deal
YESTERDAY (NET NEWS 7/1), ALL ACCESS reported UNIVERSAL MUSIC had moved to reassure staff that VIVENDI still supports it and its bid for EMI's record labels after last week's sudden exit of the French parent company’s CEO. But more trouble is … more »