Quantcast
UMG hiring banks for divestments

YOU CAN TAKE IT TO THE BANK: It’s been eerily quiet on the merger front since Faxon’s memo barrage last Friday, but the N.Y. Post’s Claire Atkinson has come up with a tidbit to hold us over until the next revelation. UMG is in talks to hire Allen & Co. and Goldman Sachs as bankers to help it shop $245 million worth of European assets, she reports, which are likely to be sold piecemeal rather than as a single group. Universal is prepared to sell European rights to artists such as Coldplay, Kylie Minogue and Pink Floyd, which are represented by EMI-backed labels Parlophone, Mute, Chrysalis and EMI Classics.  The potential buyers  include private-equity firms and indie labels such as Big Machine and Glassnote, sources said.  (7/31a)

METALLICA AT THE DRIVE-IN: "WE'RE RISK TAKERS"
A peek at how the deal went down. (8/12a)
THE GREAT CATALOG GOLD RUSH
Is mining the past the future? (8/10a)
MAYBE, JUST MAYBE: THROUGH THE FOG
Breaking down the radio charts - or just breaking down. (8/11a)
TOP 20: WAVE ELECTION
Taylor holds firm. (8/12a)
THE BABE & THE MULE
Interscope's co-MVPs (8/7a)
BTS BRINGS IT
They're so dreamy.
VOTE BY MAIL
It's a conspiracy, because everyone does it.
IS IT CHRISTMAS?
No, but we're thinking about cookies.
WOKE MUSIC
Protest songs that sound like now.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)