WMG Suitors Down to Three?
AND THEN THERE WERE THREE? Ron Burkle’s Yucaipa Companies, Len Blavatnik’s Access Industries and billionaire siblings Tom and Alec Gores are the three finalists to acquire Warner Music Group, according to a report in Bloomberg this morning. The remaining suitors each offered $3 billion or more for WMG’s recorded music and publishing assets, topping the bid by KKR/Bertelsmann’s BMG Rights Management, which would reportedly include selling off recorded music and keeping Warner/Chappell publishing. Last week, the WMG board indicated it would pursue the sale of the entire company. Eight of the company’s 13 directors are executives of Thomas H. Lee Partners and Bain Capital, two Boston- based private-equity firms that together hold 51% of the company’s shares, while Chairman/CEO Edgar Bronfman Jr. controls about 7%. (4/18a)
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 NOMS
