Outside of the explosive announcement from Amazon this week that left a music-cloud hanging over the industry, other developments include the news of KKR-backed BMG Rights Management being back in the bidding action for Warner Music Group, after recent reports of the JV being on the outs in the sale. CEO Hartwig Masuch denied such rumors, saying “I can state that we are in the second round of bidding and are on very friendly terms with the main shareholders,” while executives at BMG RM’s other backer Bertelsmann claimed this week that the company is “ready to invest into the right business, at right price, and at the right time,” with the right business apparently being publishing, as Warner/Chappell and EMI Publishing are key in their sights. More reporting can be found at The Guardian, The Telegraph and Music Week… As News Corp. continues to look for a way to unload struggling MySpace, word that the parent company is in talks with online video hub Vevo began to surface. The accuracy of such claims continues to be debated, while a piece in the WSJ yesterday points out that the complex ownership anatomy of both companies might make a deal difficult. For now it seems an unlikely scenario… And a new partnership that links Universal Republic Records, Universal-owned Twenty First Artists and producer management firm Worlds End, forming Twenty First Republic, was announced yesterday. Primaries in the deal include Uni/Republic executives Monte and Avery Lipman, Twenty First Artists CEO Colin Lester and Sandy Roberton, CEO of Worlds End.
All posts tagged World’s End
Bits & Pieces: BMG Sets Sights on WMG & EMI Publishing Assets, MySpace + Vevo & Twenty First Republic
The first day of SXSW Music was lively as ever, falling on St. Patty’s day, 6th street was running wild… We started off the evening at the ASCAP party, where we caught impressive performances from HoneyHoney and Kopecky Family Band, but Josh Briggs’ hotdog suit was nowhere to be found. Feeling plenty good, it was a perfect time to catch a sweaty set from Scorpion Child at the World’s End showcase at Encore… Midnight saw Fitz & the Tantrums pack the tent at the KCRW showcase, where they played some songs from their newly finished album. Good stuff. We ended the night with friends new and old at the Driskill bar. Stay tuned…