Advertisement
 
YOU ARE HERE: LAT HomeCollectionsWarner Elektra Atlantic Corp
IN THE NEWS

Warner Elektra Atlantic Corp

FEATURED ARTICLES
BUSINESS
August 31, 1993 | From Times Staff and Wire Reports
Warner Reversing Policy on Used CDs: Warner Elektra Atlantic Corp. became the latest major music company to yield to pressure from angry merchants and return to providing advertising support for stores selling used compact discs. However, the company said it will not permit the money to be used to promote used CDs. Warner Elektra Atlantic is part of media conglomerate Time Warner.
ARTICLES BY DATE
BUSINESS
July 22, 1994 | CHUCK PHILIPS, SPECIAL TO THE TIMES
The music industry's good ol' boys club finally opened its doors this week when Warner Music Group promoted Sylvia Rhone to head its mammoth Elektra/EastWest division--the latest twist in a dramatic shake-up at the world's largest record corporation. "We smashed right through the glass ceiling this time," said Rhone, 42, referring to her status as the most powerful woman in the music industry.
Advertisement
BUSINESS
May 19, 1992
Live Entertainment Inc., a financially troubled Van Nuys videocassette distributor and retailer, said it did not pay the $8 million in interest due May 15 on $110 million of 14.5% senior subordinated notes. Live said it has a 30-day grace period during which it can make the interest payment before going into default. The company previously said that it hired Bear, Stearns & Co. and Jefferson Capital Group Ltd. to recommend ways to restructure the notes and to review Live's capital structure.
BUSINESS
August 31, 1993 | From Times Staff and Wire Reports
Warner Reversing Policy on Used CDs: Warner Elektra Atlantic Corp. became the latest major music company to yield to pressure from angry merchants and return to providing advertising support for stores selling used compact discs. However, the company said it will not permit the money to be used to promote used CDs. Warner Elektra Atlantic is part of media conglomerate Time Warner.
CALIFORNIA | LOCAL
August 13, 1993 | JAMES MAIELLA JR., SPECIAL TO THE TIMES
The Simi Valley City Council may offer a higher financial incentive to entice a major music and video tape firm to move a distribution warehouse to the city from Chatsworth, Mayor Greg Stratton said Thursday. The City Council on Monday will consider waiving an extra $63,000 in fees and costs for Warner/Elektra/Atlantic Corp. because company executives complained about the offer of only $105,000 in incentives and have promised to bring more jobs to the area than initially estimated.
BUSINESS
July 20, 1993 | CHUCK PHILIPS, SPECIAL TO THE TIMES
Wherehouse Entertainment has gone to court over its right to sell used compact discs, filing a multimillion-dollar antitrust suit against the nation's four largest record distributors: Sony, Warner Elektra Atlantic Corp., CEMA Distribution and UNI Distribution Corp.
CALIFORNIA | LOCAL
August 9, 1993 | PHIL SNEIDERMAN, TIMES STAFF WRITER
The city should provide about $130,000 to help a major music and videotape firm move its warehouse from Chatsworth to Simi Valley, city staff members urged in a new report. The City Council today is scheduled to consider the aid request from Warner/Elektra/Atlantic Corp., a subsidiary of communications giant Time Warner Inc.
BUSINESS
July 22, 1994 | CHUCK PHILIPS, SPECIAL TO THE TIMES
The music industry's good ol' boys club finally opened its doors this week when Warner Music Group promoted Sylvia Rhone to head its mammoth Elektra/EastWest division--the latest twist in a dramatic shake-up at the world's largest record corporation. "We smashed right through the glass ceiling this time," said Rhone, 42, referring to her status as the most powerful woman in the music industry.
CALIFORNIA | LOCAL
August 19, 1993 | PHIL SNEIDERMAN, TIMES STAFF WRITER
The Simi Valley City Council waived an additional $63,800 in fees to sweeten an incentive package to entice Warner/Elektra/Atlantic Corp. to build a distribution center in the city. In a unanimous decision Monday night, council members revised the $105,000 incentive plan they had approved one week earlier, an offer that displeased executives at the music and videotape firm, a Time Warner Inc. subsidiary.
BUSINESS
February 21, 2004 | From Associated Press
Millions of music fans will soon begin receiving refund checks as part of a $143-million settlement of a price-fixing lawsuit against five distributors and three retailers. Checks for $13.86 each were mailed Friday to the 3.5 million consumers who bought CDs, vinyl records or cassettes between 1995 and 2000 and filed refund claims by last March.
CALIFORNIA | LOCAL
August 13, 1993 | JAMES MAIELLA JR., SPECIAL TO THE TIMES
The Simi Valley City Council may offer a higher financial incentive to entice a major music and video tape firm to move a distribution warehouse to the city from Chatsworth, Mayor Greg Stratton said Thursday. The City Council on Monday will consider waiving an extra $63,000 in fees and costs for Warner/Elektra/Atlantic Corp. because company executives complained about the offer of only $105,000 in incentives and have promised to bring more jobs to the area than initially estimated.
CALIFORNIA | LOCAL
August 9, 1993 | PHIL SNEIDERMAN, TIMES STAFF WRITER
The city should provide about $130,000 to help a major music and videotape firm move its warehouse from Chatsworth to Simi Valley, city staff members urged in a new report. The City Council today is scheduled to consider the aid request from Warner/Elektra/Atlantic Corp., a subsidiary of communications giant Time Warner Inc.
BUSINESS
July 20, 1993 | CHUCK PHILIPS, SPECIAL TO THE TIMES
Wherehouse Entertainment has gone to court over its right to sell used compact discs, filing a multimillion-dollar antitrust suit against the nation's four largest record distributors: Sony, Warner Elektra Atlantic Corp., CEMA Distribution and UNI Distribution Corp.
BUSINESS
May 19, 1992
Live Entertainment Inc., a financially troubled Van Nuys videocassette distributor and retailer, said it did not pay the $8 million in interest due May 15 on $110 million of 14.5% senior subordinated notes. Live said it has a 30-day grace period during which it can make the interest payment before going into default. The company previously said that it hired Bear, Stearns & Co. and Jefferson Capital Group Ltd. to recommend ways to restructure the notes and to review Live's capital structure.
BUSINESS
July 10, 1996 | From Associated Press
The nation's six largest makers of compact discs have been accused of scheming to keep CD prices artificially high, in a lawsuit that could result in payments to millions of buyers. A law firm representing two CD buyers filed the lawsuit Monday and won immediate class-action status, which means other aggrieved CD consumers can join. The suit does not specify how much it is seeking but limits each individual claim to $5,000.
Los Angeles Times Articles
|