Net News search results for: terra firma
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March 25, 2010
Citi/EMI Lawsuit Staying In New York
CITIGROUP's bid to move its legal battle with EMI to The U.K. was turned down by a federal judge YESTERDAY (3/24), reports THE NEW YORK POST. "CITI is based in NEW YORK, not ENGLAND, and will have to answer to a group of NEW YORK jurors," said … more »
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March 24, 2010
Bertelsmann Posts First Net Loss In Decades
BERTELSMANN AG, EUROPE's largest media company, posted its first net loss for decades, reports THE WALL STREET JOURNAL, claiming "slumping advertising markets and higher charges, but it expects a return to stability in 2010 and a shift in focus from … more »
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March 22, 2010
WSJ: EMI Preparing To Outsource Its Music
EMI, owned by private equity firm TERRA FIRMA, has held preliminary talks to license its music in NORTH AMERICA to rival record labels, reports THE WALL STREET JOURNAL, writing it's "a move that comes as private-equity owners seek to avoid debt … more »
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March 17, 2010
Bertelsmann Involved In EMI Talks
There's a familiar name now being mentioned as part of a group looking to break up EMI's music and publishing divisions before buying them. YESTERDAY (NET NEWS 3/16), THE TIMES OF LONDON reported WMG and GERMAN private equity group KKR were discussing … more »
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March 15, 2010
London Times: WMG, KKR Eyeing EMI Takeover
WARNER MUSIC GROUP and private equity firm KKR are reportedly negotiating to launch a break-up bid for EMI, says REUTERS, citing a SUNDAY TIMES OF LONDON report. The TIMES writes that KKR is focused on acquiring EMI PUBLISHING, which it says bankers … more »
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March 10, 2010
Report: Pink Floyd, Queen Want To Leave EMI
PINK FLOYD and QUEEN are reportedly considering exiting EMI, writes BUSINESSWEEK.COM. The bands have been with EMI MUSIC for about four decades, but BUSINESSWEEK reports they may leave -- based on "two people familiar with their talks, as concern … more »
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March 10, 2010
EMI CEO Elio Leoni-Sceti Exiting
EMI CEO ELIO LEONI-SCETI is exiting after less than two years. CHARLES ALLEN, the former CEO of U.K. broadcaster ITV PLC, who is EMI MUSIC's Non-Executive Chairman, will become Executive Chairman. LEONI-SCETI joined EMI in 2008 from RECKITT BENCKISER, a … more »
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February 26, 2010
Terra Firma Names Turnaround Ace To EMI Board
TERRA FIRMA has appointed turnaround specialist PETER WILLIAMS to the board of EMI, reports ALTASSETS.COM. The former SELFRIDGES CEO has previously helped put fashion chain NEXT and sports accessories retailer JJB SPORT on the road to recovery. TERRA … more »
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February 16, 2010
Report: Abbey Road For Sale
ABBEY ROAD, the recording studio immortalized by THE BEATLES album of the same name, has been put up for sale by EMI as the music group looks to extricate itself from the debt burden of TERRA FIRMA’s 2007 leveraged buy-out, reports THE FINANCIAL … more »
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February 11, 2010
Report: Guy Hands Seeking EMI Investors
At an conference in BERLIN, TERRA FIRMA CAPITAL PARTNERS chief GUY HANDS attempted to convince investors to put up about $200 million "to salvage its investment in record label EMI," reports THE NEW YORK POST, which wrote HANDS told delegates … more »