Wednesday, April 16, 2014
Advertisement:
What is RSS/XML?
Subscribe to FMQB News.

More Bidders Lining Up For EMI Assets
November 16, 2012

Lava Records founder Jason Flom and ex-Bug Music CEO John Rudolph have reportedly teamed up to bid on EMI assets that will be sold off by Universal Music Group. A source tells Billboard.biz that the pair are expected to place a bid once UMG officially begins auctioning off pieces of EMI, as per the UMG-EMI merger agreement.

Universal's bankers are still working on non-disclosure agreements and are a few weeks away from beginning the auction process, according to Billboard's sources. According to the terms of UMG's agreement with the European Commission, any EMI assets sold off must go to a buyer with a track record of previously heading up a music company and management experience.

Meanwhile, the Financial Times reported earlier this week that nine groups are in line to attempt to buy the Parlophone label from UMG. According to the paper, Warner Music Group, Blackwell Fuller (led by American Idol creator Simon Fuller), BMG, Ron Perelman's investment company MacAndrews & Forbes and Island Records founder Chris Blackwell are all interested in Parlophone. The FT's sources say that WMG, Blackwell Fuller and Perelman are all interested in other EMI assets, including the Sanctuary and Mute labels, as well as the NOW! That's What I Call Music brand.




 
Breaking News
Alan Chartrand Named Market President For CCM+E-Boston
CBS Radio New York SVP Market Manager Don Bouloukos To Retire
In Brief - April 15, 2014
FMQB FYI... Links You Should Know About
April 14, 2014
CCM+E Research Report: The Power of Personality
In Brief - April 14, 2014
April 11, 2014
The Week In Review: 4/7-4/11
eQB NOW
Major Labels Sue Megaupload
In Brief - April 11, 2014
FMQB FYI... Links You Should Know About
April 10, 2014
BIA/Kelsey Predicts Continued Mobile Growth
Radio Disney & Dees Entertainment Announce Partnership
In Brief - April 10, 2014
April 9, 2014
Report: Apple Considering Retooling iTunes
In Brief - April 9, 2014
April 8, 2014
SNL Kagan Releases Report On Q1 Radio Station Sales
UMG Acquires Eagle Rock Entertainment
Azoff MSG Entertainment Acquires 50% Of Burns Entertainment
Report: "Phone Calls Are The New Click"
HD Radio Technology Ramping Up In Canada
Cumulus Unveils NASH Campus
In Brief - April 8, 2014
April 7, 2014
CBS And Nielsen Prove Power Of Local Cross-Media Measurement For Local TV, Radio
Music News
Is AC/DC Really Retiring?
Quick Hits: Nirvana, Imagine Dragons, 2 Chainz, Muse, The Rolling Stones
Coachella Boasts Star-Studded Cameos In Weekend One
Quick Hits: Ed Sheeran, Lana Del Rey, Smashing Pumpkins, Janelle MonŠe & Kimbra
The Week In Review: 4/7-4/11
Nirvana, KISS & More Enter Rock Hall Of Fame
Demi Lovato and Jason Derulo To Stream Live Performances
Quick Hits: Capital Cities, Billboard Music Awards, Drake
Linkin Park Ready To Rock With The Hunting Party
Quick Hits: Nirvana, Katy Perry, Madonna, Smashing Pumpkins, Quebec City Summer Fest
Aerosmith & Slash Will "Let Rock Rule"
Frozen Stays At #1, RIAA Releases Gold & Platinum Certifications
Quick Hits: Ed Sheeran, Billboard Music Awards, Nirvana / Joan Jett, Drake, NOW music series, The Voice tour, Coachella, Pemberton Music Festival
Jack White Plots Lazaretto Tour
Quick Hits: Eminem & Rihanna, Usher / Summerfest, Outside Lands Festival, Pitbull, Paul McCartney, Bad Company & Lynyrd Skynyrd
FMQB NOW

Nick Petropoulos
Glassnote Entertainment
Group

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!