Quantcast
BMG and Sony teaming up on WMG buy?

DOUBLE-TEAMING: BMG Rights Management is talking to Sony about jointly making a deal to acquire Warner Music, the N.Y. Post’s Claire Atkinson reports. While BMG has proposed buying all of Warner, the company is believed to be primarily interested in Warner/Chappell and has talked to Sony Music about taking over the recorded-music side of the business, sources told the reporter. BMG was eliminated from the first round of the sale process after submitting a bid that was deemed too low, but came back with a higher offer in the second round, sources said. BMG's bid was around $2.8 billion, according to the Financial Times. WMG has received 10 bids for all or parts of the business, according to sources. Given its immense size, a combined Sony Music/WMG would, of course, face intensive scrutiny by regulatory bodies on both sides of the Atlantic, likely requiring the selling off of significant assets. The sale process is expected to wind up by the end of March, one source told Atkinson. (3/23a)

ANOTHER BILLIE BANGER? (UPDATE)
Are you free Wednesday afternoon? (11/12a)
BIEBER BY CHRISTMAS?
How's that for a tease, Bieber Nation? (11/12a)
NEAR TRUTHS: MEET
THE NEW BOSSES
Not the same as the old bosses (11/12a)
CMA CENTERPIECE
CARRIE UNDERWOOD
This sure feels like her moment. (11/12a)
WHO'S GETTING ZERVAS?
It's down to two bidders. (11/12a)
THE GRAMMY NOMINATIONS
They'll soon be here, and then we can start obsessing about who'll win.
U.K. SPECIAL
Forget Brexit--it's our yearly survey of doings in Blighty. And if you still can't forget Brexit, try drinking.
ZERVAS STATION
Who's going to land the hottest unsigned property in music?
WEED!
That's what Hollywood smells like. Seriously. 24/7.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)