As talk of that EMI Warner merger continues word is Warner's music business is being valued at around about $3 billion. The figure is based on six times the label's earnings – showing declining confidence in the music industry by city analysts, past valuations of record labels have been based on ten times earnings. But even with the lower valuation it remains to be seen if EMI can raise that kind of money to buy the Warner Music from struggling parent company AOL Time Warner (it's not so long since EMI was struggling financially after all).
Feb 27, 2003
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1 min read
Warners valued for acquisition
Warner's music business is reportedly being valued at around $3 billion, six times earnings, as EMI considers a bid from parent company AOL.