Warner Music Makes Another Play For EMI
EMI stated publicly that it has received a buyout bid from Warner Music, the latest play in a seven-year saga in which the two music groups have tried to buy each other. EMI, the world’s third-largest label, said it had not received an actual proposal from Warner, but has had discussions with its biggest rival. Even after two consecutive profit warnings, an EMI/Warner merger would still need to address the same regulatory...
Sony BMG Restructuring Plan To Focus On Epic and Columbia
Sony BMG is planning a top to bottom restructuring of their Epic and Columbia divisions in the near future. Layoffs will only be one aspect of the plan, with a merger of the two divisions a possibility. This is not a shock to anyone who follows the record industy with EMI taking several facets of its business off life-support recently to stop the hemorrhaging. Sales of CDs have tanked considerably this year for the recording industry,...
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