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
Beasley Broadcast Group Reports Second Quarter
iHeartMedia's "Z107" Becomes "Karlee 107" In Honor Of Rochester Girl
WIRK/West Palm Adds Brooke & Jubal To Mornings
July 28, 2016
CBS Corporation Revenue Up 2% in Q2
Cox Media Group Names Rob Rohr as CMG Ohio Market Vice President
Alpha Media, Moberly Announces Mark Benkiel As Market Manager
July 27, 2016
iHeartMedia St. Louis Names A.J. SVP/Programming
Entercom Communications Reports Second Quarter Results
Apple Reports Third Quarter Results
Scott Shannon to Host NAB Marconi Radio Awards
Steph Lova Returns To WPGC/Washington, DC
DigitalRadioTracker.com Simplifies Broadcast Monitoring Worldwide
July 26, 2016
Brian Beasley Named Chief Operating Officer of Beasley Media Group, Inc.
2016 NAB Marconi Radio Award Finalists Announced
SiriusXM Reports Second Quarter 2016 Results
Alpha Media Clinton Names Mike Fell Market Manager
NextRadio Survey Reinforces How Radio Can Help Reach Voters
RAB Announces Staff Changes
July 25, 2016
Drake, U2, Britney Spears & More Announced For iHeartRadio Music Festival
Scotty K And Bret Head To Dallas For Mornings On KLIF
July 22, 2016
eQB NOW
Pandora Revenue Up in Second Quarter of 2016
John Crenshaw Named OM at Cumulus-Youngstown, OH
Alpha Media Savannah-Hilton Head Launches Throwback Station "G100"
July 21, 2016
Music News
Soundtrack Companion to Springsteen Autobiography Announced
Quick Hits: Prince, My Chemical Romance, Mac Miller
Quick Hits: The Beatles, Pink Floyd, JoJo, Ruth B
Beyoncé, Adele Lead MTV VMA Nominees
Rihanna, Kendrick Lamar and Metallica Headlining Global Citizens Festival
Drake Spends 11th Week at #1 on Billboard 200
Quick Hits: Rihanna, Flo Rida & Jason Derulo, Adele, Chance the Rapper, The 1975, David Bowie, Michael Hutchence
New David Bowie Box Set Includes Previously Unreleased Album
Quick Hits: Rihanna, KoRn, My Chemical Romance, Jennifer Hudson, Regina Spektor, Oasis
Temple of the Dog Announce First-Ever Tour
Quick Hits: The Beatles, Iggy Azalea, My Chemical Romance, Haim
Quick Hits: Alternative Press Music Awards / Marilyn Manson, Wilco, Beck, Led Zeppelin, Kesha
Drake Returns To #1 On Billboard 200
Kanye, Taylor Swift Feud Over "Famous" Lyric Again
Quick Hits: Coldplay, Schoolboy Q, Prophets of Rage, Celine Dion, Against Me!
FMQB NOW

Bill Tanner
SVP/Programming
SummitMedia

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!