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EMI Bidding War in Home Stretch

EMI RACE DOWN TO THE WIRE: As Citigroup's EMI Group auction draws to a close, pre-game favorite Len Blavatnik's Access Industries has emerged as the front-runner for the recorded music section, and KKR's BMG Rights Management the odds-on pick to grab publishing. The wild card is corporate raider Ron Perelman, who is looking to buy the whole enchilada, but needs time to raise the funds. If Citigroup does complete its deals with Blavatnik (said to be in the $1.2-1.4bn range) and KKR ($1.7-2bn) first, then Perelman is left holding the bag. Most music biz insiders would prefer to see the Blavatnik/KKR combo prevail, creating three major record groups with approximately an equal worldwide mrketshare in the 25-27% range, with the prevailing thinking that Perelman, who often swoops in and acquires distressed companies, would merely parcel out the assets anyway. (10/26p)
NEAR TRUTHS: KINGDOMS
File under: The enemy of my enemy is my friend. (3/26a)
ONE SHINING HITS LIST
She shoots, she scores! (3/26a)
YTD MARKET SHARE
Zeroing in on the elite teams (3/28a)
BEST IN THE WEST:
STEVE BERMAN
High time for another Eminem skit (3/26a)
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Streaming subscriptions lead the charge. (3/27a)
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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