Net News search results for: terra firma

• June 18, 2010

  EMI 'Repositions', Roger Faxon Named Chief Executive

  

  Following the recent fundraising for EMI GROUP from the TERRA FIRMA funds and the expression of support for the business (NET NEWS 5/11), EMI GROUP has released the results of its strategic review into how EMI RECORDED MUSIC and EMI MUSIC PUBLISHING … more »

• May 11, 2010

  WSJ: Terra Firma Gets The Funds To Save EMI

  

  THE WALL STREET JOURNAL is reporting TERRA FIRMA CAPITAL PARTNERS LTD. "has succeeded in its quest to raise £105 million ($156 million) to stave off a bank foreclosure on EMI GROUP." EMI has until the end of this week to tell … more »

• May 10, 2010

  Will Investors Give EMI The Funding To Survive?

  

  The future of EMI continues to hang in the balance as its owner, TERRA FIRMA, struggles to persuade investors to come up with funds to make good on a funding shortfall after the company breached the terms of covenants agreed with CITIBANK. TERRA FIRMA … more »

• 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 »

• April 20, 2010

  EMI Owner Seeks $551 Million In Financing

  

  REUTERS is reporting that "TERRA FIRMA is asking investors for 360 million pounds ($551 million) for British music company EMI, a source said, as it aims to prevent one of the buyout industry's most infamous investments from falling into lender's … more »

• April 19, 2010

  Tough Week Ahead For EMI?

  

  THE TIMES OF LONDON reports, "Hundreds more staffers face the axe at EMI as managers prepare to present a five-year plan to investors to persuade them to pour more money into the troubled music group. EMI Chairman CHARLES ALLEN reportedly will … more »

• April 5, 2010

  Sony Re-enters The Battle Over EMI

  

  SONY MUSIC is close to striking a deal with EMI to win the distribution rights to the company's back catalogue in NORTH AND SOUTH AMERICA, reports U.K.'s THE GUARDIAN, citing "industry executives." The papers writes, "Talks between SONY's … more »

• April 1, 2010

  EMI Facing Default On Citigroup Payments

  

  Things are looking grim at EMI, as the company faces being taken over by its bankers after failing to work out a deal to sell its NORTH AMERICAN distribution rights for its artists to UNIVERSAL MUSIC GROUP or SONY MUSIC, reports THE ASSOCIATED PRESS. EMI … more »

• March 31, 2010

  Report: UMG Walks Away From EMI Talks

  

  In the soap opera that is the current negotiations over EMI, UNIVERSAL MUSIC GROUP has again walked away from talks to strike a distribution agreement, reports THE WALL STREET JOURNAL. The report says the talks between UMG and EMI "restarted over … more »

• 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 »