Net News search results for: wmg ceo edgar bronfman
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February 24, 2023
Thomas H. Lee, Investor And Founder Of Firm That Bought Warner Music Group And Clear Channel, Dies At 78
THOMAS H. LEE, the billionaire leveraged-buyout financier who founded the eponymous investment firm that partnered to acquire WARNER MUSIC GROUP and CLEAR CHANNEL COMMUNICATIONS, died THURSDAY (2/23) of an apparent self-inflicted gunshot wound at his … more »
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May 14, 2013
Warner Music Reports Q2 Financials, Recorded Music Revs Up 11%
WARNER MUSIC GROUP has released its fiscal second quarter financial results for the period ended MARCH 31st, 2013. "We recorded an impressive quarter, thanks to great releases from our artists and excellent execution from our operators," said … more »
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May 30, 2012
Is A New CEO Coming To Warner Music Group?
A change at the top of WMG is getting closer. THE NEW YORK POST reports, "WARNER MUSIC GROUP, controlled by billionaire LEN BLAVATNIK, has been quietly reaching out to music execs as it prepares for the eventual exit of STEPHEN COOPER, a caretaker … more »
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February 10, 2012
New WMG CEO Confirms Company's Opposition To UMG Purchase Of EMI
On an earnings call with analysts, WARNER MUSIC CEO STEPHEN COOPER confirmed that his company will oppose UNIVERSAL MUSIC GROUP’s bid to buy EMI. CMU DAILY reports, "The newish WARNER chief, put in place last year by newish owner ACCESS … more »
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December 5, 2011
Report: Edgar Bronfman Jr. To Step Down as Warner Music Chairman
THE NEW YORK TIMES reports, "EDGAR M. BRONFMAN JR., who has been a major player in the music industry since the mid-1990s, is stepping down as chairman of the board of the WARNER MUSIC GROUP, effective JANUARY 31st." The report notes BRONFMAN … more »
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October 6, 2011
Sony Gets New Funding For EMI Purchase, WMG Still In The Mix
YESTERDAY (NET NEWS 10/5), ALL ACCESS reported that the sour economy's tight credit markets may prevent CITIGROUP INC. from selling EMI GROUP at a price it desires. BLOOMBERG reported that the corporation may receive lower bids, which may prompt it to … more »
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August 19, 2011
Warner Music Group's Board Elects Edgar Bronfman, Jr. Chairman, Stephen F. Cooper CEO
WARNER MUSIC GROUP TODAY (8/19) announced that EDGAR BRONFMAN, JR., who had been serving as the company's CEO, has been appointed to the position of Chairman of the company's Board of Directors and STEPHEN F. COOPER, who had been serving as Chairman, has … more »
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August 4, 2011
Warner Music Group Revenues Up 5% For Third Quarter
WARNER MUSIC GROUP today (8/4) announced its third-quarter financial results for the period ended JUNE 30, 2011. WMG closed its sale to ACCESS INDUSTRIES, INC. on JULY 20th. Highlights Included: * Total revenue of $686 million grew 5% from the prior-year … more »
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July 26, 2011
New WMG Ownership Reportedly Looking To Trim Overseas Workforce
THE NEW YORK POST reports new WARNER MUSIC GROUP owner LEN BLAVATNIK's ACCESS INDUSTRIES, "is looking to cut about 2 to 5% of the 3,800-person global workforces." Any layoffs, if they happen, would seem to affect back-office personnel, as the … more »
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June 15, 2011
Edgar Bronfman Nets $21.7 Million From WMG Sale
WARNER MUSIC GROUP CEO EDGAR BRONFMAN JR. is about to pocket $21.7 million -- including a $16.8 million "golden parachute" -- as a result of the company's pending $3.3 billion sale to LEN BLAVATNIK'S ACCESS INDUSTRIES (NET NEWS 5/6). THE NEW … more »





