Warner Music To Be Run By MGM Turnaround Exec Stephen Cooper

What were the folks at Access Industries looking for in a candidate to replace Edgar Bronfman Jr as CEO of Warner Music? Someone who knows the music industry inside out — or who can hob-nob with Warner’s money-makers such … Read More »

Comments (7)

Warner Music Shareholders Approve $3.3B Takeover, And Golden Parachutes

Warner Music is a step closer to becoming a division of Access Industries, the privately held chemical, natural resource, and real estate company controlled by Russian-born industrialist Len Blavatnik. Shareholders in the music company this morning overwhelmingly approved Blavatnik’s $3.3 … Read More »

Comments (4)

Citigroup Puts EMI On The Block, Raising Possibility Of A Merger With Warner Music

By | Monday June 20, 2011 @ 3:52pm PDT

Citigroup hung a “for sale” sign on EMI Group today, saying that it has “initiated a process to explore and evaluate potential strategic alternatives” that could include a sale, recapitalization or a public offering. The home of hitmakers including … Read More »

Comments (3)

Warner Music Losses Grow, But CEO Edgar Bronfman Jr. Upbeat As Sale Approaches

By | Tuesday May 10, 2011 @ 5:50am PDT

Even though Warner Music Group’s net losses grew in the quarter that ended in March, CEO Edgar Bronfman Jr. could take comfort from the fact that Wall Street analysts expected worse. The company reported a net loss of $38 million, up … Read More »

Comments (5)

French Court Convicts Edgar Bronfman Jr & Jean-Marie Messier In Vivendi Crime Case

By | Friday January 21, 2011 @ 12:38pm PST

Former Vivendi Universal executives Edgar Bronfman, Jr. and Jean-Marie Messier have been found guilty in Paris of criminal charges relating to misleading investors and insider trading. Ending a trial that began in June 2009, Bronfman, who at the time was Vivendi’s vice-chairman … Read More »

Comments (10)