Warner IPO possible for next April
Warner Music may float as early as April next year, according to the Financial Times, and insiders expect a merger with EMI to follow any IPO.…
Financial Times
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Bertelsmann profits up
Bertelsmann's first-half profits rose to Euros 446 million, with BMG returning to operating profit thanks to cost cutting and successful artists.…
Microsoft ready to soft launch iTunes-esque service
Microsoft will soft launch its iTunes rival this month, with a full launch in autumn, hosted within MSN and playable on MP3 players other than iPods.…
US college uses iPods for academic storage
Duke University will give 1,800 freshers iPods to use as portable hard disks for orientation information, an academic calendar and study materials.…
Sony BMG job cut reports dismissed as speculation
Sony and BMG call Financial Times reports of a 25% post-merger job cut speculation, as the European Commission is expected to rule on the merger.…
EMI hits back at criticism of industry's copyright stand
EMI Music vice chairman David Munns has responded in the Financial Times to John Kay's article criticising the industry's copyright stance, arguing copyright infringement is theft.…
Job losses due at BMG Germany
According to the German Financial Times, BMG Germany is cutting 20% of its workforce, roughly 60 jobs, as part of ongoing restructuring.…
Major merger at crunch stage
The Financial Times reports that a London meeting between Warner and BMG will decide whether the merger talks move forward or end.…