Live Nation Interested In Warner Music?
April 1, 2011

Live Nation has reportedly become the newest bidder on Warner Music Group, focusing on the label's recorded music division. Sources tell the Wall Street Journal that Live Nation has placed a bid on WMG, but it is unknown how much the bid was for, or how aggressive Live Nation plans to be in their pursuit of the label.

The WSJ notes that a Live Nation-WMG combination, along with Front Line Management, would be able to handle "virtually every facet of an artist's career" with "across-the-board marketing and promotional events." However, the paper also warns that such a purchase would bring intense regulatory scrutiny, perhaps even more than the Live Nation-Ticketmaster merger. Meanwhile, the New York Post notes that Live Nation still holds $1.7 billion in long term debt, and one source says that "Wall Street will kill them for this," if the company goes ahead with its pursuit of WMG.

According to the Post, the second round of bidding for WMG is expected to close in two weeks.

The WSJ also mentions that as recently as February, Live Nation Chairman Irving Azoff publicly denied the company was interested in owning either WMG or EMI, which is also expected to officially be put up for sale later this year.




 
Breaking News
Emmis Reports Lower Revenue in Full Fiscal Year, Fourth Quarter
Radio One Net Revenue Up 3.1 Percent in First Quarter
Benztown To Distribute Classic Hip Hop and R&B Radio Show Hosted By Sir Mix-a-Lot
May 4, 2016
iHeartMedia Reports Results for First Quarter
Beasley Broadcast Group Reports Revenue Growth in Q1
WDJX/Louisville DJ Alex Clark Cast In New Fox TV Series Coupled
Dave Ramsey to Keynote 2016 Radio Show
In Brief - May 4, 2016
May 3, 2016
CBS Corporate Revenue Up 10 Percent In First Quarter
Adam Wiener Named EVP/GM, CBS Local Digital Media
iHeartRadio Breaks Another Record: 85 Million Registered Users
Greater Media Renews Relationship with Triton Digital
Live Nation Reports $1.2 Billion in Q1 Revenue
In Brief - May 3, 2016
May 2, 2016
Entercom Reports First Quarter Results
Cumulus Names Brian Demay PD of WRRM-FM/Cincinnati
CBS Radio Names Kenetta Bailey SVP/Marketing
April 29, 2016
Pandora Revenue, Listenership Rises In Q1
In Brief - April 29, 2016
April 28, 2016
SiriusXM Reports First Quarter 2016 Results
CMG Tulsa Names Nathan Reed Director of Branding & Programming at KRAV-FM
Cumulus Media Shreveport Ups Julie Kansy to PD at KQHN
ASCAP Revenue Tops $1 Billion For Second Straight Year
April 27, 2016
Blaire Galaton-Kelleher Joins “The Jack Diamond Morning Show” On WRQX/Washington, D.C
Music News
Austin City Limits Led By Radiohead, Mumford & Sons, Kendrick Lamar
Quick Hits: Justin Timberlake, Red Hot Chili Peppers, Drake, Beyoncé, Janet Jackson
Quick Hits: Alicia Keys, Celine Dion, Kanye West
McCartney, Stones, The Who Top New Festival
Quick Hits: Radiohead, Chris Brown, Against Me!, Violent Femmes, Miike Snow
As Expected, Beyoncé Tops Billboard Chart With Lemonade
Quick Hits: Prince, Radio Disney Music Awards, Radiohead, classic rock festival, Red Hot Chili Peppers, Garbage
FMQB Photo Pass: Pearl Jam
Blink-182 Announce Album, Tour With Matt Skiba
Drake Expands Tour, Reveals Tracklist For Views
Quick Hits: Demi Lovato & Joe Jonas, Cash Cash, Whitney Houston, Deftones' Chino Moreno
Quick Hits: Justin Bieber, Lady Gaga & Elton John, Prince, Thrival Festival, B.o.B
Quick Hits: Bumbershoot Festival, Fetty Wap, HARD Summer, Jenny Lewis, Bayside
Prince Returns To The Top Of The Billboard 200
Drake Announces Summer Sixteen Tour, OVO Fest
FMQB NOW

Nick Petropoulos
Head of Promotion
Glassnote Music

    Question Of
      The Week

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

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