Skylight Webzine
Sony Says They May Bid For EMI PDF Print E-mail
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Monday, 10 May 2010 08:47


"We are in a position that allows us to seize every opportunity in the market - including EMI," the head of Sony Music, Rolf Schmidt-Holz, told German Sunday paper Frankfurter Allgemeine Sonntagszeitung.

On Thursday Warner Music Chief Executive Edgar Bronfman declined to comment during an earnings call about speculation that he was also eyeing EMI

Source: Hyperbot

 
Warner Music Group sees digital grow 15% PDF Print E-mail
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Thursday, 06 May 2010 19:40

Warner has reported second quarter figures that show digital revenue grew 15% to just under $200m for the period ending March 31 2010.

The move means digital revenue is now just under one third of total revenue, but that slipped slightly – by 1% - to $662m ($671m in the comparative previous year quarter).

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UK Recorded Music Sales Revenue Stabilise In 2009 PDF Print E-mail
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Monday, 03 May 2010 19:58

A strong fourth quarter and increased digital income streams offset the reduced sales of physical formats as the UK recorded music market reported a modest 1.4% annual increase in total trade income for 2009 of £928.8m, BPI's annual survey of industry income revealed today.

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Guy Hands Has Just 10 Days To Save EMI PDF Print E-mail
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Wednesday, 05 May 2010 08:44

Guy Hands has just 10 days left to convince investors to add fresh funds to save EMI from the hands of the bankers at Citi. Because of the looming deadline, the Terra Firma boss has reportedly slashed his fundraising goal to just the £105 million needed to make one overdue loan payment and stop foreclosure for the next 10 to 12 months. Hands had originally been asking investors for £360 million.

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Global Recorded Music Market Down 7.2% PDF Print E-mail
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Monday, 03 May 2010 09:25

Trade revenues for global recorded music market totaled $17.03 billion in 2009 according to the IFPI - a year-on-year decline of 7.2%.

The trade group's annual "Recording Industry in Numbers" shows that physical sales were down 12.7% on a global basis to $11.93 billion, but this was a smaller decline than the 15% slump in physical sales for 2008.

Almost 80% of the global fall was the result of market decline in the two largest music markets - the U.S. and Japan. Music sales in Japan were down 10.8% in 2009 to $4.05 billion, and the U.S. was down 10.7% to $4.63 billion.

Sales of recorded music were up in 13 markets, though. And six markets experienced what the IFPI calls the 'Holy Grail' - growth in digital sales that was strong enough to offset the physical decline. The six countries are: U.K., India, South Korea, Thailand, Mexico and Australia.

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