Music Gear News
Universal set to bid for EMI
Universal Music Group is set to be one of the early bidders for EMI, which Citigroup, its current owner, is expected to put up for sale.
The US investment bank announced that it was considering a number of “strategic alternatives” and if the sale goes ahead, it is expected to open up a lengthy bidding process, reported the Los Angeles Times.
Acquiring EMI, in theory, would be an "easier sell" to regulators as its share of the US market is just nine per cent, whereas Universal’s is 30 per cent.
Earlier this year it had considered making a bid for Warner Music Group, but in contrast to EMI’s small share, Warner, with a 19 per cent share, would have been a merger that would have struggled to get past antitrust hurdles.
Universal, the largest of the four major record labels, sees the acquisition of EMI as a lucrative venture.
It would make the company massively power and open its books to stars like the acoustic guitar player Richard Ashcroft, Coldplay, Katy Perry and the Beastie Boys.
In addition to the roster of music stars, the publishing arm of EMI, which includes the songwriting rights of some of the most successful artists in the world – Jay Z and Snoop Dogg for example – would be another profitable asset.
EMI was set up 114 years ago.
Save Money Now And Buy Online Today
Posted on 23 Jun 2011 12:24 to category : Music News
Related Music News
Featuring a whole host of professional grade components, Antelope Audio's Zen Studio is available now at an incredibly discounted price.
Chief executive of UK Music expects difficulties in the near future for UK artists wishing to work in the USA
Ticket touters have been routinely slammed by artists and promoters for quite some time. Now, the government are to host an evidence session in which ticket touters and secondary tickets websites will be investigated.
Shure announce their 'Call for Legends- Live Contest' in which the company search high and low for the next living music legends.
In August controversy was in the air as the Dirty Dancing stage show fired its live musicians in favour of a backing track. Now the Musicians' Union urge its members to join in the protest.
In recent times, the theft of musical instruments and gear seems to be more prevalent than ever. With this GPS guitar pedal, users can track their stolen equipment simply by logging in online on their phone or tablet.
Recent Music News
For those who want to emulate the massive tone of one of the contemporary music scene's biggest percussive heroes, the 'Spooky' signature drum is this winters must have addition to your kit
Some formats of compressed MP3 have been linked with negatively effecting individuals emotional state due to their inherent tonal characteristics
Once again Cubase continue to pave the path of innovation with Cubase Pro 9
Changing colour from its previous grey to a sleek black, the Launch Control XL's appearance has been re imagined to keep it inline with its Launch key and Launchpad counterparts.
Designed to simulate various classic amp tones, Supro's Tremolo Pedal introduces the new school to the old school
A premium belt-drive turntable that features wireless streaming, the BT-500 has been designed to extract every musical detail of your record collection