April 18, 2007
Sony/ATV Music Publishing said it bought the catalog of award-winning songwriters Jerry Leiber and Mike Stoller, including such hits as "Hound Dog" and "Jailhouse Rock." Terms were not disclosed, although the catalog is valued at about $50 million, industry executives said. Seagate Technology said its fiscal third-quarter profit fell 22% because of a tough pricing environment, slower-than-expected demand and acquisition costs.
June 29, 2012 |
Sony Corp.'s deal to acquire EMI's publishing assets has cleared U.S. and European regulatory hurdles and was closed Friday, the companies said. EMI's catalog will be merged with Sony's to create a library of more than 2 million songs, making the combined entity the world's largest music publisher. The deal, announced last November, called for an investor group led by Sony to pay $2.2 billion for EMI's rights to 1.3 million songs, including those written by David Bowie, Stevie Wonder and others.
March 18, 2008 |
The latest sign of a video-game "Revolution"? You may soon be able to plug in and play guitar in "Sgt. Pepper's Lonely Hearts Club Band." Martin N. "Marty" Bandier, the top executive at the music publishing company that owns the John Lennon-Paul McCartney copyrights, said he liked the idea of a dedicated Beatles edition of Guitar Hero, Activision Inc.'s hugely popular video-game franchise.
July 31, 2007 |
The world's largest music companies have expressed interest in buying Univision Communications Inc.'s music unit, with an auction expected to pick up this week, sources familiar with the matter said Monday. Potential bidders will start looking at the books of the Latin music unit. Univision decided in February to put it up for sale, according to a report in the Financial Times on Monday. The Los Angeles-based Spanish-language broadcaster is trying to trim debt since its $12.
August 3, 2007 |
Viacom Inc. posted a bigger-than-expected quarterly profit Thursday, boosted by DVD sales and the box-office hit "Shrek the Third," sending shares up 4%. Executives at the New York-based owner of MTV Networks, Paramount movie studios and the Nickelodeon cable channels also expected U.S. cable network advertising to improve in the third quarter, from a 4% gain in the second quarter. Viacom's second-quarter profit fell less than 1% to $434 million from $437.3 million a year earlier.
December 4, 1998 |
Michael Jackson, the king of pop whose "Thriller" recording is the top-selling album of all time, plans to sell royalties generated by the Beatles, Bob Dylan and other musicians, sources said Thursday. Jackson follows on the heels of another pop icon--David Bowie--who sold music royalties with the help of Wall Street bankers.