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
eQB NOW
Jim Ryan Named SVP Of Programming For CBS Radio
In Brief - December 22, 2014
December 19, 2014
Rich Davis Named VP Of Programming For iHeartMedia-Seattle
December 18, 2014
Sharon Dastur Named SVP/Programming Integration At iHeartMedia
Mark Medina Named Program Director At Z100/New York
Denon Electronics, iHeartMedia Announce Partnership
Deezer Appoints Hans-Holger Albrecht CEO
TuneCore Acquires DropKloud And Its Founders
SoundHound Reveals Top Songs, Artists, Albums Of 2014
In Brief - December 18, 2014
December 17, 2014
iHeartMedia Names Don Parker VP/Programming, For San Francisco And Sacramento
Senate Approves Michael O'Rielly For Five-Year FCC Term
Nielsen Report: A Focus On The Public Radio Listener
iHeartRadio Jingle Ball 2014 To Air On The CW Network
In Brief - December 17, 2014
December 16, 2014
Beasley Names Rafe D'Amico VP/Strategic Partnerships
NRG Media Taps Shane Sparks Market Manager, Northwoods, WI Cluster
Shazam Upgrades Windows Phone App
KLUC’s 16th Annual Chet Buchanan & The Morning Zoo Toy Drive Breaks Records
Rdio Brings Personalized Internet Radio, On-Demand Music Subscription To Windows Phone 8.1
In Brief - December 16, 2014
December 15, 2014
CBS Radio, Carson Daly Agree To Multi-Year Contract Extension
JVC Media Closes On Purchase Of WHKQ/Orlando
Bruce Gilbert Named SVP/Sports For Cumulus And Westwood One
Music News
Madonna Announces New Album, Releases Six Songs Digitally
Quick Hits: Joe Cocker, The Weeknd
J. Cole Earns Third Chart-Topper
Quick Hits: Dick Clark's New Year's Rockin' Eve, Joan Jett & The Who, Metallica, Van Morrison, Grammy Special Merit Awards
Green Day, Joan Jett Make The List For Rock Hall
Quick Hits: Madonna, Michael Jackson, The Voice
Quick Hits: Imagine Dragons, Iggy Azalea & Britney Spears, Mad Season, David Byrne / Talking Heads tribute concert
Iggy Azalea Maps Out Arena Tour
Quick Hits: Ne-Yo, Selena Gomez, Gwen Stefani & Pharrell Williams, Stevie Wonder, Everclear, Alex & Sierra, Modest Mouse
Taylor Swift Spends Another Week At #1
The Week In Review: 12/8-12/12
Quick Hits: Epicenter Festival, Beyoncé, Dr. Dre, American Music Priz
Quick Hits: Coldplay, New Year's Rockin' Eve, Golden Globe Song nominees, Judas Priest
Quick Hits: BET Honors, Modest Mouse, Rush
U2 Extends iNNOCENCE + eXPERIENCE Tour
FMQB NOW

Year-End
At Issue

           2014
Interview Hilights

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!