Warner To Revise Offer For EMI
The Dance Continues…But Has The Band Gone Home? Reports are coming in this morning that CEO Edgar Bronfman will revise Warner Music’s offer for the crippled music label EMI. EMI rejected a non-binding offer from Warner Music on March 2 to purchase the company for 260 pence per share on the grounds that it “wasn’t in the best interest of its shareholders and undervalues the company.” EMI also cited...
IFPI Sues Yahoo! China For Music Copyright Infringement
The IFPI is taking Yahoo! China to court in Beijing for providing links to unlicensed music. The trade organization, which represents 1,400 companies in more than 70 countries, has filed a suit in Beijing No 2 Intermediate People’s Court against Alibaba, operator of the Yahoo! China website, which provides online music downloading services. In total, 11 plaintiffs including Universal Music Group and Warner Music Group Corp, are...
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