Warner Decides Against Last Minute Offer For EMI
After seven years of trying to woo its rival into bed, Warner Music Group has officially announced that it will not make a last minute offer for EMI. The deadline to submit an offer is this Thursday. EMI has already agreed to a 2.4 billion-pound ($4.7 billion) takeover from private equity group Terra Firma.
Online Radio Station Royalty Hike Battle Continues With Last Minute Reprieve Adding Drama
SoundExchange has informed pint-sized webcasters that they can continue to broadcast without fear of legal action as long as they stay current with the existing licensing fees while a revised deal is negotiated. The last-minute compromise between internet radio and the US Copyright Royalty Board (CRB) has given small and large webcasters a last minute reprieve from the new royalty rates, which were due to come into effect July 15. The...
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