RUMOR MILL
For Jimmy, VEVO could represent an essential piece of the puzzle as Beats Music builds a content infrastructure for the next generation of Apple devices, including the expansion of Apple TV (into which VEVO is already integrated).
Thursday, July 10, 2014
SALES TALK RE-VEVO-FIED
Word Has It Video Giant Looms Large in Jimmy Iovine's Apple-Beats Plans
Word has it that with the Apple deal set to finalize in mere weeks, Beats' Jimmy Iovine is eager to purchase VEVO.
The music-video outlet, co-owned by UMG and Sony along with Dubai Partners, has been on the block for some time, with Guggenheim among its principal suitors. But VEVO's approximately $800m price tag proved too steep for them.
For Jimmy, VEVO could represent an essential piece of the puzzle as Beats Music builds a content infrastructure for the next generation of Apple devices, including the expansion of Apple TV (into which VEVO is already integrated).
Given the equity the majors variously have in Beats and/or Beats Music, transitioning VEVO to Beats could be more about trading stock than writing checks (apart from buying out Dubai).
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
