RUMOR MILL
Back to Rumor Mill >
While many expected Bronfman to chase Vivendi's Universal Music Group—the company he used to run—it appears a smaller Warner Music is more within his grasp.
Friday, October 3, 2003

COULD EDGAR BE
WMG'S WHITE KNIGHT?

Ex-Seagram Universal Head Might Be Making a Move to Acquire AOLTW’s Music Assets
Has Edgar Bronfman Jr. entered the WMG picture?

The New York Daily News reported yesterday the former Seagram/Universal mogul is trying to get involved in an eleventh-hour bid for AOLTW’s music assets as the record giant continues to discuss a sale to rival EMI.

Bronfman failed in an attempt to buy the Universal entertainment empire from Vivendi, but he’s hungry to get back in the game.

While many expected Bronfman to chase Vivendi's Universal Music Group—the company he used to run—it appears a smaller Warner Music is more within his grasp.

Meanwhile, talks between Time Warner and EMI are steaming ahead, with Wednesday’s reports that global music sales fell another 11%.

EMI’s advantage over Bronfman is the $300 million a year in savings that would result from a joint operation with WMG. Time Warner would retain a 25% stake in the merged company.

Bronfman refused to comment on the report, but told us Junior Miles would soon write a song about it.

 
BACK TO RUMOR MILL
 
HITS LIST: AROUND
THE MAYPOLE
The biz springs into motion. (5/14a)
Check It Out Now
MALONE, WALLEN NEED NO "HELP" ACHIEVING MILESTONE
A genre-obliterating collab (5/14a)
Check It Out Now
RAJ KAPOOR: STACKING THE STARS, MAKING THE ACMs SHINE
Producer putting the finishing touches on Thursday's show. (5/14a)
Check It Out Now
WHAT'S NOT TO "LIKE?" HUGE STREAMS FOR KING KENDRICK
No longer keeping his diss-tance. (5/13a)
Check It Out Now
NEW RELEASES: "HELP" ARRIVES, SWIFT EXTENDS STREAK
Post, Morgan and the ever-popular POETS (5/13a)
Check It Out Now
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!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions