But there’s said to be one major obstacle in the way of the deal getting done—namely, that Sperling and Bain want the same multiple in the sale of WMG as Hands paid for EMI.
If Hands can make the deal for Warner, he could then sell off Warner/Chappell Music, which has a greater value than WMG’s $1.5 billion market cap.
Considering the long and futile mating dance between Warner and EMI, joining them would be a bravura move indeed, as well as making the long-struggling British company competitive once again, following the losses of Radiohead, Paul McCartney and now Korn, which has satisfied the two-album requirement of its $25 million, prototype revenue-sharing agreement with the company...
THIS HITS PHOTO GALLERY IS WANDERING IN THE DESERT
Photographic proof of the weaselfest (4/15a)
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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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