BUSINESS
January 27, 1995 | JAMES BATES
Music: In its biggest coup since being purchased in 1992 by a group of investors, the small royalty-collection organization SESAC has signed agreements covering the repertoires of songwriters Bob Dylan and Neil Diamond. The nonprofit American Society of Composers, Authors and Publishers (ASCAP) formerly collected and paid royalties for Dylan and Diamond. Terms of the multimillion-dollar deals were not released. More than 300 Dylan songs, including "Blowing in the Wind" and "Mr.
BUSINESS
April 9, 1991
Ventura Entertainment Group Ltd., a North Hollywood television and film production company, said it completed the sale of its Music Group division to a partnership formed by New York financier Stephen C. Swid for $1.3 million in cash and notes. Ventura also received a 7% stake in the partnership that bought the division. Arthur Mogull, president of the division, resigned his position with Ventura in order to become president of the new partnership.
BUSINESS
May 11, 1993 | JAMES BATES, TIMES STAFF WRITER
When it comes to collecting and paying royalties for songs played everywhere from radio stations to shopping malls, the Society of European Stage Authors and Composers is so far behind its competitors that few people have even heard of it. The sleepy organization is dwarfed by the music industry's two nonprofit giants--American Society of Composers, Authors and Publishers and Broadcast Music Inc., which together collect an estimated 97% of the $700 million in performance royalties annually.
BUSINESS
January 5, 1989 | WILLIAM K. KNOEDELSEDER Jr., Times Staff Writer
In what is by far the largest acquisition in the history of the music publishing business, British entertainment conglomerate Thorn-EMI has agreed to purchase SBK Entertainment World for $340 million, The Times has learned. SBK's principal asset is a catalogue of some 250,000 song copyrights that it purchased two years ago from CBS Inc. for $125 million.
BUSINESS
February 26, 1991
Ventura Entertainment Group Ltd., a struggling North Hollywood film and television producer, said it lost $2.8 million in the second quarter that ended Dec. 31, compared with a loss of $704,754 in the quarter that ended Jan. 31, 1990. Ventura Entertainment, which recently changed its fiscal year-end to June 30 from Oct. 31, said its revenue for the recent quarter grew by a factor of more than 13 to $1.85 million from $134,578 in the equivalent year-ago quarter. For the six months that ended Dec.
BUSINESS
May 12, 1987 | KATHRYN HARRIS, Times Staff Writer
Warner Communications is on the verge of securing an agreement to buy Chappell & Co., one of the world's largest music publishers, industry sources said Monday. If completed, the deal would result in the consolidation of two of the nation's three largest music publishers. New York-based Warner is prepared to pay more than $200 million in preferred stock, or more than twice the sum paid just three years ago when an investor group acquired Chappell from Polygram, the sources said.