Starbucks & Concord Partner On New Hear Music Label
Starbucks and Concord Music Grouphave created a joint record label, Hear Music, that will issue its first release toward the end of the year, and hopes to release a slate of at least eight albums per year. Ken Lombard, president of Starbucks Entertainment, and Glen Barros, president of Concord Music Group, said the label “will be a primary focus” and Hear will have the right of first refusal on any artist that approaches...
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...
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