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How Much Did Bruce Springsteen, Bob Dylan And Other Legends Sell Their Music Catalogs For?
Thursday, January 6, 2022 - 3:30pm | 909Read More...How do you put a price on a music catalog? For a number of artists, this question has become increasingly pertinent as companies have been busy gobbling up musicians' catalogs by the portion or swallowing them completely. There are different levels of selling musical rights, such as...
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Warner Music IPO: What You Need To Know
Wednesday, June 3, 2020 - 8:10am | 324Read More...Superfans of Lizzo, Ed Sheeran and Cardi B can now cash in on their idols’ latest hits by investing in this newly public company. The IPO Warner Music Group Corp. will issue 70 million shares on the Nasdaq under ticker WMG, according to the firm’s S-1 filing. Priced between $23 and $26...
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A Timeline Ahead Of Time's Buyout
Sunday, March 5, 2017 - 9:05pm | 693Read More...Time Inc (NYSE: TIME), which was spun off from Time Warner Inc (NYSE: TWX) in mid-2014, could be another casualty of an industry-wide malaise that has rendered print media on the brink of extinction. As print advertising revenues suffered, the company was striving to make a mark in the digital...
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Report: Facebook Working On Potential Rival To YouTube
Monday, May 16, 2016 - 9:43am | 323Read More...According to a report by the New York Post, Facebook Inc (NASDAQ: FB) is working on a potential service to compete against Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s YouTube platform. The New York Post suggested that Facebook is "searching for fresh ways to work with the music industry," and...
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Will Apple Rise On Record iPhone Sales Or Fall On Weak Apple Watch Guidance?
Friday, January 23, 2015 - 1:12pm | 590Read More...Investors are anxiously waiting to see how Apple Inc. (NASDAQ: AAPL) performed during the December quarter. The company's earnings results will be released Tuesday, January 27. In the meantime, most analysts have continued to support the notion that Apple enjoyed another record-breaking...
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Apple Taps Omnicom Group for iRadio Ad Revenue
Tuesday, June 4, 2013 - 3:29pm | 550Read More...Apple (NASDAQ: AAPL) is reportedly negotiating with Omnicom Group's (NYSE: OMC) OMD, among other advertising companies, to secure brand campaigns for its upcoming iRadio service. According to Bloomberg, Apple is making several changes to its iAd business in order to accommodate the launch of a...
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Sony Could Delay Apple's iRadio Launch
Thursday, May 23, 2013 - 9:56am | 570Read More...Next month, thousands of tech industry professionals will head to California for two conferences: the Electronic Entertainment Expo in Los Angeles and the World Wide Developers Conference in San Francisco. The latter is Apple's (NASDAQ: AAPL) annual event where the Mac maker introduces new...
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EU Ruling is Bad News for IP Companies
Friday, November 25, 2011 - 11:07am | 470Read More...The European Court of Justice overruled a Belgian court's ruling that placed the burden of filtering illegal content on Internet service providers. The court ruled that while intellectual property owners were free to ask Internet service providers to block the websites of known copyright violators...
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Is Research in Motion's BBM Music Service a Sign of the Company's Demise?
Wednesday, September 7, 2011 - 8:27am | 844Read More...Contrary to popular belief, imitation isn't the sincerest form of flattery. It's the sign of a company's death. This doesn't mean that Research in Motion (NASDAQ: RIMM), which is looking more and more like a patent warehouse, is going to fold anytime soon. The company still produces one of the...
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EXCLUSIVE: Music Insider Comments On Access Purchase Of Warner Music Group (WMG)
Friday, May 6, 2011 - 11:04am | 419Read More...After three months of bidding for the world's third largest recorded music company, it was announced on Friday morning that Access Industries, owned by Russian billionaire Len Blavatnik, had reached an agreement to buy Warner Music Group (NYSE: WMG) for $3.3 billion. The question is, how will this...
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News Corp, Vevo In Talks Regarding Control Of Myspace (NWSA)
Tuesday, March 29, 2011 - 9:08am | 210Read More...News Corp. (NASDAQ: NWSA) has held talks with Vevo about giving the control of MySpace, but according to Reuters, a person with the knowledge of the talks said the likelilhood of a deal being reached is slim. News Corp. tapped boutique investment bank Allen & Co to aid with the potential deal...
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Spotify Hits A Million Subscriptions, But Does It Matter?
Tuesday, March 8, 2011 - 12:23pm | 264Read More...Though it is still months away from debuting in the US (if it even does), Spotify has already become the largest subscription music service in the world. Earlier today, Spotify founder and chief executive Daniel Ek announced via the company's blog that the site had just welcomed its one millionth...
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Citigroup Expects WMG Revenue To Fall 14%
Tuesday, November 16, 2010 - 9:16am | 87Read More...Citigroup said that it expects Warner Music Group's (NYSE: WMG) 4Q10 revenues to fall 14% to $740 MM. “We expect recorded digital sales will grow just 1% during the fourth quarter, versus 9.6% growth in 4Q09,” Citigroup writes. “We expect physical sales to continue to fall, down 20% versus 4Q09.”...
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Shares Improve While Trends Worsen For WMG
Monday, October 18, 2010 - 8:00am | 184Read More...Warner Music Group Corp. (NYSE: WMG) has witnessed industry trends worsening, according to Goldman Sachs, but has still experienced share improvement throughout 2010. In its research report, Goldman Sachs writes "We raise our 4QFY10 revenue estimate by 7% to reflect market share gains and FX...
