Sony BMG Quarterly Revenue Rises $875 Million
Sony BMG notched a slight uptick in revenue this past quarter thanks to cost-cutting, restructuring efforts and new releases from Kelly Clarkson, Avril Lavigne and R. Kelly. For the fiscal first quarter ending June 30th, revenues notched upward 0.3 percent to $875 million, and earnings hit $21 million, a reversal from losses of $81 million during the same period last year.
Terra Firma Announces A Quarter Of EMI Shareholders Have Accepted Their Buyout Offer
Terra Firma has announced that over 25% of EMI’s shareholders have accepted the private equity firms buyout offer. Terra Firma also said Friday it had extended again its period for other EMI shareholders to accept its offer, this time until a final deadline of 1pm ET on July 29th. Any offers accepted after that date will lapse. Previous deadlines passed July 19th, July 12th and July 4th. Although well-down on the 90% required...
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