EMI Assets Sale To Begin This Week
November 19, 2012

Universal Music Group's sale of the assets of EMI is slated to begin this week, as pieces of the legendary record label go up for auction. Bloomberg reports that the Parlophone label makes up about half of the total package of EMI labels going up for sale. The labels UMG will sell off are valued at approximately $635 million.

A source tells Bloomberg that a data room detailing the EMI assets for sale, along with artist rosters and financial information, will be opened this week for any entities that have expressed interest in bidding. These include rival companies Warner Music Group, BMG Rights and Sony Music Entertainment. Other assets going up for sale include the Sanctuary and Mute labels.

Meanwhile, the UK's Sky News is reporting that private equity firm Claridge Inc. is planning on bidding on Parlophone. Claridge is headed up by American Idol creator Simon Fuller and Stephen Bronfman, the cousin of former Warner Music head Edgar Bronfman. Fuller is also a part of Blackwell Fuller, which is expected to place a bid as well. Last week, the Financial Times reported that at least nine groups are lined up to bid on Parlophone.

Earlier this year, UMG agreed to sell off almost two-thirds of EMI's recorded music division to win approval from European regulators.

Breaking News
SiriusXM Reports Third Quarter 2016 Results
WWKX (HOT 106)/Providence Launches HOT Morning Show
In Brief - October 27, 2016
October 26, 2016
Beasley Media Group Names Justin Chase EVP/Programming
Beasley Media Group Appoints Buzz Knight To VP/Programming
Pandora Reports Q3 2016 Financial Results
BIA/Kelsey Forecasts Overall U.S. Local Advertising Revenues
Nielsen Reports 3rd Quarter Results
October 25, 2016
John Garabedian Leaving Open House Party
The 4th Annual CBS RADIO “We Can Survive” Concert
Brooke & Jubal Joins WSHE/Chicago For Mornings
KWEE/Portland Adds Tino Cochino To Nights
October 24, 2016
CBS Radio Names Brian McHale SVP/Information Technology
Nielsen Announces Launch of National Television Out-Of-Home Measurement Service
The Atlantic Records New York Team Celebrates Charli XCX
October 20, 2016
CBS Radio Signs Michael Martin To Multi-Year Contract Renewal
SportsRadio 94WIP/Philly Adds Joe Decamra & Jon Ritchie To Middays
October 19, 2016
Frankie C Extends Agreement With KZHT/Salt Lake City
Voncile Anderson Named Beasley Director/NTR Sales In Tampa Bay
In Brief - October 19, 2016
October 18, 2016
Rob Stringer Promoted To CEO Of Sony Music Entertainment
iHeartMedia St. Louis Announces The Debut Of The New Alt 104.9
Entercom Agrees To Acquire Four Radio Stations In Charlotte From Beasley Broadcast Group
Ebro Returns To Portland
Music News
Billboard Women in Music Event to Honor Shania Twain, Halsey
Quick Hits: Twenty One Pilots, Green Day, Justin Bieber, Tom Petty & The Heartbreakers, Mariah Carey, Neil Young
Prince’s Paisley Park Approved to Open Permanently for Public Tours
Quick Hits: Jason Derulo, Alessia Cara, Hailee Steinfeld, Lady Gaga, Tove Lo
Kings of Leon Earn First #1 Album
Quick Hits: The Chainsmokers, Drake, Prince, Sting, Charlie Puth, The Decemberists, Dead or Alive
Quick Hits: Radiohead, Frank Ocean, A$AP Ferg
"Crash" Into Against Me!
Maroon 5 Closes The Top 40 and Hot AC Radio Panels Upon Impact
Jordan Fisher Will Make His Broadway Debut In Hamilton On November 22
Quick Hits: Kanye West, Eminem, Bruno Mars, Gwen Stefani
Pearl Jam, 2Pac & Depeche Mode Lead 2017 Rock Hall Nominees
Green Day Tops Billboard 200 For Their Third Time
Quick Hits: Liam Payne, Rock & Roll Hall Of Fame, Mother Love Bone
Quick Hits: Kings Of Leon, Elton John, Roger Waters

Jon Zellner
EVP/Programming Operations

          Question Of
           The Week

Search FMQB.com
FMQB Member Login

Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!