Category: Financial/Legal
Bug Music Reportedly On The Block
The New York Post is reporting today (6/2) that Bug Music, one of the world’s biggest independent music publishers, is being shopped by JPMorgan Chase, with an asking price of $300 million. In the chase for the firm are several big record companies including Warner Music Group, Universal Music Group, Sony/ATV Music and a joint […]
Category: Featured, Financial/Legal, Publishing
Asset Mgt. Firm Eyes EMI Music Publishing
The New York Post is reporting today (5/27) that asset management firm Kohlberg Kravis Roberts (KKR) is in talks to buy a stake in EMI Music Publishing and combine those operations into a separate entity that would be 51 percent controlled by EMI, with the rest being controlled by KKR-owned BMG Rights Management. Post sources […]
Category: Featured, Financial/Legal, Publishing
Court Rules Against Peer-To-Peer Site LimeWire
Online news network CNET is reporting that a federal court has found the company that operates file-sharing service LimeWire liable for copyright infringement. On Tuesday (5/11), U.S. District Judge Kimba Wood granted summary judgment in favor of the RIAA’s claims that Lime Group, parent of LimeWire software maker Lime Wire, and founder Mark Gorton committed […]
Category: Featured, Financial/Legal, Publishing
Live Nation; EMI/Terra Firma
Live Nation Entertainment today (5/11) released financial results for the first quarter of 2010, the first earnings report since completing its merger with Ticketmaster on Jan. 25. The company reported a loss of $112 million (76 cents/share) in the quarter that ended March 31, which was more than the prior-year Q1 loss of $102.7 million […]
Category: Featured, Financial/Legal, Label
Apple Shuts Down Streaming Service Lala
Apple will shut down the recently acquired Lala.com on May 31, 2010, according to a message on its website. The announcement has prompted speculation that Apple is ready to make use of Lala’s staff and technology to roll out its own cloud-based service. Apple acquired Lala in December 2009. Lala allowed users to access their […]
Category: Featured, Financial/Legal
Finch and Glassco Depart S1/Chrysalis
Music Row has learned more details regarding last week’s acquisition of S1 Songs by Chrysalis Music Group. Leaving S1 Songs will be Senior VP/GM Pat Finch and Donna Glassco, Director Administration. Staying on at Chrysalis will be VP Creative, Abbe Nameche and Catalog Manager Amanda “Jersey” Ross. Both will report to Dale Bobo, Chrysalis Music’s […]
Category: Featured, Financial/Legal, Publishing
Concord Music Group Acquires Rounder
The Concord Music Group today (4/14) announced the acquisition of Massachusetts-based independent music label Rounder Records.
Category: Featured, Financial/Legal, Label
SoundExchange Announces Big Payout
SoundExchange, the non-profit performance rights organization appointed by Congress to pay digital royalties to recording artists and sound recording copyright holders, announced today that it has begun sending out checks in its largest-ever quarterly distribution. A total of $51.7 million in royalties from digital transmissions, including Internet radio, satellite radio, and cable TV music channels, […]
Category: Artist, Featured, Financial/Legal, Organizations
EMI/Universal Talks at an Impasse
Billboard.com is among the media outlets reporting that licensing talks between EMI and Universal Music Group have ended without an agreement. Negotiations ended on Wednesday morning with no commitment to a deal. EMI had been pursuing a last-minute attempt to sell temporary North American rights to its catalog to Universal. One source would not rule […]
Category: Featured, Financial/Legal, Label
BMG Rights Mgt. Acquires Cherry Lane
BMG Rights Management has entered into an agreement to acquire Cherry Lane Music Publishing. Cherry Lane’s roster of songwriters includes Elvis Presley, John Denver, the Black Eyed Peas, Will.i.am, John Legend, Quincy Jones, Warren Haynes, Jordin Sparks, Ashford & Simpson and Hans Zimmer. The acquisition gives BMG Rights Management a major presence in the U.S., […]
Category: Featured, Financial/Legal, Publishing
Roger Miller’s Widow Wins Copyright Fight
Mary Miller, widow of Country Music Hall of Fame member Roger Miller, has emerged the winner in a protracted legal battle over the rights to some of her husband’s biggest hits, including “King of the Road.” On Thursday (3/18), a federal judge ruled Mary Miller and Roger Miller Music Inc. own the copyrights to the […]
Category: Artist, Featured, Financial/Legal
