RUMOR MILL
Wednesday, July 6, 2011
WMG Shareholders OK Merger
WMG GETS ALL ACCESS PASS: Warner Music Group stockholders voted to approve the previously announced merger agreement with Len Blavatnik’s Access Industries. Under terms of the reported $3.3 billion deal, company stockholders will receive $8.25 per share in cash at the closing of the transaction between WMG and Access Industries affiliates Airplanes Music LLC and Airplanes Merger Sub, Inc. Stockholders representing 137,738,124 shares of outstanding WMG common stock also approved “golden parachute” compensation, while holders of 7,755,049 shares voted against the payouts to top Warner execs, including Edgar Bronfman and Lyor Cohen. Now Blavatnik and company can set their sights on EMI Music. (7/6p)
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
