Universal Music Group and Roc Nation, the entertainment company founded by Jay-Z, announced today that they have entered into a multi-year, worldwide partnership under which the Roc Nation music label will operate as a standalone label within the UMG family, effective immediately. Financi... Read more...
1 comment,
21/01/2011,
by IAmNotARapperiSpit.com in Industry Rule #4080,
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Music,
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World News
Shares of Warner Music Group surged nearly 23 percent on Friday on news that the world's No. 3 music company is up for sale. Warner Music has hired Goldman Sachs as an advisor to help with the process, a source familiar with the matter said on Thursday. Private equity firm Kohlberg Kravis Ro... Read more...
The French music business has launched the umbrella organization Tous Pour la Musique (All for Music), designed to lobby for the sector and to help educate the public on online legal offers. Similar in the concept to British organization U.K. Music, Tous Pour la Musique has a wider reach as it ... Read more...
General Electric buys Vivendi's 20% stake for $5.8 billion. NBC will be 51% owned by Comcast, 49% by GE NEW YORK (CNNMoney.com) -- General Electric and Comcast announced a joint venture worth a combined $37.25 billion on Thursday that will give the cable company eventual control of NBC Universal. ... Read more...