Preliminary Reports Indicate DRM-Free Success For EMI
“The initial results of DRM-free music are good,” stated EMI’s Senior Vice President, Lauren Berkowitz Based on early sales of unprotected recordings through Apple’s iTunes store, London-based EMI’s digital revenue may get a nice lift from offering music without Digital Rights Management (DRM). EMI, the beleaguered, third-largest record company, who recently accepted a buyout bid from Terra Firma, began...
Will Warner Try To Woo EMI One Last Time?
Warner Music Group stated that it is considering making one final offer for EMI. EMI’s board has already agreed to a $4.7 billion cash offer from private equity company Terra Firma, but that deal has a $48 million / £24 million bailout clause, should a better offer be put forth than Terra Firma’s $5.22 per share bid. Warner stated that if it did up the ante, “such an offer would be pre-conditional on appropriate...
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