Warner post quarterly loss
Warner Music posted a net loss of $7 million in the second quarter, though revenues rose to $796 million and digital revenue nearly tripled to $90 million.…
EMI
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More EMI Warner gossip
Speculation continues that EMI and Warner are negotiating a merger, with price per share the main sticking point and Edgar Bronfman Jnr's investors reportedly reluctant to hold EMI shares.…
Digital music companies launch data exchange
Key digital music companies including EMI, Universal and Apple have launched Digital Data Exchange (DDEX), an organisation to develop voluntary standards for exchanging data.…
EMI and Warner respond to takeover news
EMI and Warner Music have issued statements after reports that Warner rejected EMI's $28.50 per share takeover approach.…
Warner knocked back EMI takeover offer
According to Reuters, Warner Music has rejected a $28.50 per share takeover proposal from EMI, though EMI still sees a merger as attractive.…
EMI and Warner share prices up
The share prices of EMI and Warner Music rose after reports of possible merger talks between the two companies.…
US judge orders EMI and Universal to release digital deal papers
A Ninth Circuit judge has ordered EMI and Universal to disclose previously confidential documents on early digital deals in a dispute with Hummer Winblad, an early Napster investor.…
More EMI Warner merger reports
The Sunday Times reports executives at EMI and Warner are working on merger structures, with banks approached, though an EMI-Warner deal faces possible European Commission scrutiny.…
EMI and Universal report healthy first quarters
Universal Music Group saw first quarter sales rise 8.4% to $1.39 billion, while EMI reported sales growth close to 4% and pre-tax profits expected up almost 12%.…
Spitzer accuses FCC of going soft on payola
Eliot Spitzer accuses the FCC of undermining his payola investigation by negotiating inadequate fines with radio groups, while Entercom prepares to fight his case in court.…
EMI's Eric Nicoli defends music companies
EMI chief Eric Nicoli has defended music companies in the Evening Standard, arguing they have transformed themselves and that the business pioneered internet revenue models.…
The Beatles quit smoking
EMI has edited the cover of the Beatles reissue 'Capitol Albums Volume 2' to remove cigarettes, cutting off Ringo Starr's fingers in the process.…