by Bram Teitelman | Dec 8, 2011 | Gloom And Doom, Label Moves
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...
by Zach Shaw | Oct 27, 2011 | Label Moves
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...
by Zach Shaw | May 6, 2011 | Label Moves
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...
by Zach Shaw | May 6, 2011 | Label Moves
Earlier this week, reports leaked out that after lucking out with so most interest from bidders (who were apparently willing to spend around $3 billion to purchase them), WMG were beginning to rub bidders the wrong way. The label was reportedly making the process so...