EMI Split Up Between Rivals
. Vivendi and its Universal Music Group subsidiary will acquire EMI's recorded music division for a total consideration of $US 1.9 billion, while EMI Publishing will be acquired for $US 2.2 billion by a consortium comprising Sony Corporation of America, the Estate of Michael Jackson, Mubadala Development Company PJSC, Jynwel Capital Ltd, the Blackstone Group's GSO Capital Partners LP and David Geffen. Sony/ATV Music Publishing will oversee EMI Music Publishing on behalf of the consortium. Universal Music Group chairman and CEO Lucian Grainge said the deal was an historic acquisition for UMG and an important step in preserving the legacy of EMI Music. more on this story Gibson.com is an official news provider for the antiMusic.com.
|
Kandace Springs - Run Your Race
On the Blue: New Horizons Cruise Day 1: Marbin Gets the Fun Started
Hot In The City: Prog Band Tu-Ner Coming to Phoenix
Slipknot To Play Rare Intimate Venue Show This Week
Deep Purple Announce New Album '=1'
Howard Jones, ABC And Haircut 100 Taking Fans Back To The 80s This Summer
Veil Of Maya and Brand Of Sacrifice Lead Summer Slaughter Lineup
Watch Sebastian Bach's '(Hold On) To The Dream' Video
Kittie To Rock North American Headline Dates
Billy Corgan's Adventures in Carnyland TV Series Premiere Announced
GHOSTxSHIP Releasing First New Music in 10 Years