RUMOR MILL
Meanwhile, though Sony Music marked a revenue drop of 3.1% for the fiscal third-quarter, the unit trumpeted a 50% increase in profit—a bright spot, actually, amid the parent company's 26% overall profit plunge.
Thursday, January 29, 2004
EC TO LOOK HARDER AT SONY-BMG
With European Regulators Reportedly Planning Phase 2 of Merger Scrutiny, Sony Music Reports Profit Jump
According to published reports in the London Times and elsewhere, the European Commission plans to extend its review of the proposed Sony-BMG merger to a second phase.
Numerous competitors, including at least two majors and the indie consortium IMPALA, have expressed vociferous opposition to the marriage of the two music giants (see story, 1/27).
An announcement on the EC decision is expected soon.
Meanwhile, though Sony Music marked a revenue drop of 3.1% for the fiscal third-quarter, the unit trumpeted a 50% increase in profit—a bright spot, actually, amid the parent company's 26% overall profit plunge.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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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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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
