by Zach Shaw | Feb 8, 2011 | Gloom And Doom
Looks like Sony isn’t the only one who experienced a poor fourth quarter this year. DigitalMusicNews.com reports that Warner Music Group’s fourth quarter revenue experienced a 13 percent slip to $752 million, while full-year revenues dropped 7 percent to $2.98...
by Bram Teitelman | Feb 1, 2011 | Label Moves
EMI, one of the big four label groups, has been sold to Citigroup. The group was sold by Terra Firma, an equity firm that had bought it in 2007 for $4.2 billion. The label group was acquired in a debt for equity swap, which reduces EMI’s debt from 3.4 billion...
by Zach Shaw | Jan 21, 2011 | Label Moves
DigitalMusicNews is reporting that Warner Music Group is rumored to be up for sale. WMG is apparently has Goldman Sachs trying to help them find a buyer to get out of the music industry all together. Among the many potential purchasers is Kohlberg Kravis Roberts...
by Zach Shaw | Jan 20, 2011 | News Ticker
ANGR (Ain’t No Grave Recordings, a new label launched in conjunction with Century Media Records and EMI) has signed Sleeping Giant and The Great Commission as their first signings.
by Bram Teitelman | Nov 22, 2010 | Label Moves
Warner Music Group recently bought the remaining financial stake in Roadrunner that they didn’t already own, but rumors are suggesting their shopping spree might not be over yet. Beleaguered label group EMI could use a bailout, and if you believe industry...