Quantcast

Coldplay divestment gets media's attention

BETWEEN A ROCK & A HARD PLACE: Given that UMG is being squeezed into selling Parlophone, which the N.Y. Times’ Ben Sisario describes as “the heart of EMI’s holdings in Europe—and the home of Coldplay, one of the most popular bands on the planet, as well as Radiohead’s catalog—news outlets that have up to now ignored UMG-EC negotiations are jumping on the rapidly unfolding story. These include the L.A. Times, which headlined its recap “BMG wants to buy Coldplay's British label Parlophone.” According to Sisario’s own source, Parlophone acts like Blur, Gorillaz, Kylie Minogue, the Verve, as well as acts signed to EMI’s American labels that Parlophone distributes in Europe, including the Beastie Boys, probably won’t be included in the divestment. “Peeling off Parlophone could have an adverse effect on the value of Universal’s overall deal for EMI,” Sisario writes, echoing I.B. Bad’s point immediately below. “If Universal is forced to sell big pieces of EMI for less than it paid, and also loses some of the $157 million it expected in annual savings, the deal could end up far more expensive for Universal.” (7/27a)

A STAR-SPANGLED
HITS LIST
It's now or never. (7/1a)
BST HYDE PARK: BIGGER THAN EVER
It's the U.K. equivalent of July 4 fireworks. (7/1a)
SADDLE UP:
BEYONCÉ UNVEILS RENAISSANCE ART
She's not horsing around. (7/1a)
SONG REVENUE: DRAKE TAKES
THE CAKE
The rich get richer. (7/1a)
UMG ACQUIRES ALL THINGS ZAPPA
Who's gonna "Freak Out" over this acquisition? (7/1a)
SUPERSTAR RELEASES
Who's next?
MUSIC BIZ SPECIAL
It's Comic-Con for numbers geeks.
THE BIG CHEESE
Theories of evolution from 30,000 feet.
THE NEXT GIANT DEAL
A&R in overdrive.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)