Zeitchik, Steven
March 2007
Daily Variety;3/5/2007, Vol. 294 Issue 46, p4
Trade Publication
The article reports on the EMI Group's rejection of an all-cash offer by Warner Music. It reveals that the offer made a 10 percent premium over EMI's stock price. Warner Music has landed the support of several important trade groups which might otherwise object to the purchase. The article also reports on EMI's decision to revise its forecast for recorded music downward by 15 percent.


Related Articles

  • EMI/Warner speculation 'just noise'  // Music Week;5/6/2006, Issue 18, p4 

    The article focuses on the rumored merger between Warner Music Group Inc. and EMI Group PLC in Great Britain. Industry experts speculated that the news was a hoax. It has been affirmed that there are no current negotiations between the two companies. Other analysts asserted that the merger news...

  • EMI ends WMG tie-up talk.  // Hollywood Reporter -- International Edition;8/1/2006, Vol. 395 Issue 24, p55 

    The article reports that EMI Group PLC has shelved its plans to take over Warner Music Group Inc. Warner Music Group has reciprocated by saying that it too will abandon its plans to acquire EMI. Warner Music Group became a public company in May last year. The company will announce the third...

  • Majors Talk A Deal, But EC OK Uncertain. Masson, Gordon // Billboard;10/4/2003, Vol. 115 Issue 40, p5 

    Discusses the uncertainty of the European Commission's approval of the merger between EMI and Warner Music Group. Statement of European independent trade body Impala regarding merger; Reason why the independents object to the merger; Consolidation plans of BMG.

  • The merger match-up--is this the final rally? Ashton, Robert // Music Week;3/3/2007, Issue 9, p2 

    The article reports on the process by which Warner Music works to acquire EMI Music. Impala, an independent music group, is considering supporting Warner's acquisition of EMI with hopes of receiving future benefits. Impala prefers a music industry comprised of the three powerful music entities,...

  • Impala the ace in the pack, as EMI and Warner mull merger options. Ashton, Robert // Music Week;3/3/2007, Issue 9, p2 

    The author suggests that Impala, the leading independent music organization, may have an important role in the merger of larger music companies. Patrick Zelnick, president of Impala, is being approached by representatives of Warner Music, EMI Music and SONY/BMG Music, only after their previous...

  • Verging On Merger. Garrity, Brian; Butler, Susan // Billboard;3/3/2007, Vol. 119 Issue 9, p10 

    This article discusses a possible merger between record companies Warner Music Group and EMI. The companies acknowledged in February of 2007 that they are exploring a possible merger, and the article discusses the possible benefits of such a merger. The article cites the struggling music...

  • THE LATEST NEWS FROM .biz. Bruno, Antony; Butler, Susan; Garrity, Brian; Koranteng, Juliana; Stark, Phyllis; Ben-Yehuda, Ayala // Billboard;8/05/2006, Vol. 118 Issue 31, p5 

    This article presents news briefs on the music industry in the U.S. EMI Group has decided to discontinue its plan to acquire and merge with Warner Music Group. XM Satellite Radio posted a second-quarter net loss caused by nonoperating charges stemming from a debt restructuring. The...

  • EMI backs off Warner bid after Euro ruling.  // Daily Variety;7/28/2006, Vol. 292 Issue 18, p59 

    The article reports on the withdrawal of EMI Group PLC in its bid offered to Warner Music Group Inc. after the decision of the European Court on the merger of Sony Music Corp. and BMG. EMI claims that it will update its position regarding the said bid. Moreover, it claims that Warner Music...

  • WMG'S WOOED AGAIN. Amdur, Meredith; Johnson, Debra // Daily Variety;9/23/2003, Vol. 280 Issue 57, p5 

    Reports on the non-exclusive purchasing deal between EMI Corp. and Warner Music Group Inc. in the U.S. Cost of the deal; Projected sales the merger aimed to generate; Terms of the agreement.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics