Posted by Bram Teitelman on December 8, 2011
That’s what a recent article on Digital Music News cites a source inside the company as saying. Warner Music Group was acquired for $3.3 billion by Russian billionaire Len Blavatnik’s Access Industries back in May. Now, according to the source, Blavatnik is having a case of buyer’s remorse. WMG chairman Edgar Bronfman Jr. is exiting the […]
Posted by Zach Shaw on October 27, 2011
Though the record industry as a whole is going through a rough time, EMI has especially experienced its fair share of trouble. That’s why it’s no surprise that Citigroup Bank is anxious to sell the famed label less than a year after acquiring it from equity firm Terra Firma. And while there were reports floating […]
Posted by Zach Shaw on May 6, 2011
Just this morning we reported that an announcement regarding Warner Music Group’s purchase could be made as soon as today after the label’s shares experienced a nice increase this past week. And boom, it’s now official: Russian billionaire Len Blavatnik has purchased WMG! Blavatnik and his Access Industries purchased the major label for $3.3 billion […]
