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Bertie spurs WMG stock jump

WHAT MADE THE BUNNY HOP? Shares of Warner Music made a dramatic jump on Tuesday, gaining 71 cents, or 13.5%, to $6.58. Some interpeted the upswing as a sign that the company is about to be sold, but the clearcut impetus came from Bertelsmann, co-owner of BMG Rights Management, whose CEO, Hartmut Ostrowski, stated that the privately held German media giant “is ready to invest into the right business, at right price, and at the right time." That right time would appear to be now, providing Bertie is willing to outbid other suitors. CFO Thomas Rabe added further fuel to the fire by noting, "Restructuring is pretty much done and debt is no longer an issue. Financially speaking, Bertelsmann is ready to invest again." Is BMG interested in picking up the entirety of WMG, which is said to be valued at $2.5-3 billion, or just Warner/Chappell? (3/30a)

STRINGER ON "THE ISSUES AND ACTIONS NEEDED"
Sony Music is all in. (5/31a)
"REAL AND CONSTRUCTIVE CHANGE": SIR LUCIAN SPEAKS OUT
UMG is all in. (5/31a)
RAPINO: SUPPORTING BLACK CULTURE, ANTI-RACISM
Live Nation is all in. (5/30a)
WMG ON COPING WITH THE MOMENT
Warner Music is all in. (5/30a)
ARTISTS MAKE THEIR VOICES HEARD
The stars are coming out. (5/31a)
SHORT WEEK
Enjoy being even more confused by the calendar.
BLACK MUSIC MONTH
Celebrating the music that fuels the biz.
INSTACART
Dammit, we said DILL pickles!.
TRUMP SAID WHAT, NOW?
Just wondering if you still give a fuck.
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