
Acquires Cherry Lane Publishing - Eyeing EMI
One of the latest wrinkles in the unfolding tale of Terra Firma and EMI comes this week with a report that the struggling music company is in talks with competing major labels to license portions of its catalogue… Universal Music followed up with a denial that it was speaking with the music company, while as rumored here, Bertelsmann and KKR‘s BMG Rights Management expressed that it is indeed interested in EMI’s assets. In related news, the newly launched publishing company made its largest acquisition to-date by purchasing Cherry Lane Publishing… In what could be interpreted as another step toward ISP bundled music subscriptions, AT&T announced a new music “experience” that will combine song downloads, streaming radio, lyrics and more in a single mobile application for subscribers… Next Big Sound compiled social media data to find the fastest rising bands at the SXSW music festival last week, and it was announced that online radio WOXY.com would be closing its doors.




