RUMOR MILL
Monday, October 11, 2021
NEAR TRUTHS:
BURNT OFFERINGS
Will Tanous, who by all accounts has proven invaluable to shepherding UMG to market, had prior experience with an IPO—under very different circumstances.
Tanous was a player in WMG’s going public during the Edgar Bronfman Jr./Thomas H. Lee era. The year was 2005, the business had been in the post-Napster doldrums for several years and iTunes had just opened. The offering put Warner’s market cap at $2.4b. In 2011, after more bleak years, Len Blavatnik shrewdly forked over a tidy $3.3b for the label group. That now looks like a rather keen investment given that WMG’s market cap at present is $23.7b.
 STAGECOACH GOES BIG WITH ZACH, JELLY ROLL, LUKERecord-breaking heat wave in the forecast. (9/6a)
LINKIN PARK ROARS BACK WITH NEW ALBUM, SINGER, TOURThis oughta be interesting. (9/6a)
HITS' FIRST LIVE ISSUE TAKES THE STAGE THIS FALLWe're putting our asses in seats. (9/4a)
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THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
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