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Wednesday, April 7, 2010 as of 11:14 AM ET

Warner Music Group

Warner Music Group

Warner Music Group (WMG) is the third largest business group and family of record labels in the recording industry, making it one of the big four record companies.

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Sony-led Group Garners EU Nod to Buy EMI Publishing

A Sony-led consortium won EU approval on Thursday to buy EMI's music publishing business for $2.

2 billion, on the condition that it sell the worldwide publishing rights of artists including Robbie Williams and Lenny Krativz.Sony, with Blackstone Group, Abu Dhabi's Mubadala Development Co., Raine Group and music and film mogul David Geffen, won the bidding for EMI Publishing last year in a deal that will put Sony top in global music publishing.European competition regulators approved the deal after the consortium proposed selling the rights to four back-catalogues, including the musical works of 12 contemporary artists."Sony and Mubadala have offered to divest valuable and attractive catalogues containing bestselling titles as well as works of successful and promising authors," said Joaquin Almunia, the European commissioner for competition issues."I am therefore satisfied that the competitive dynamics in the online music publishing business will be maintained so as to ensure consumer c...

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  1. Report: Google Eyes Launching an Online Music Store

    Fresh off blowing away Wall Street ’s third-quarter earnings expectations after Thursday's closing bell, tech titan Google (NASDAQ:GOOG) is reportedly preparing to l...

  2. RIM Near Blackberry Music Service Launch: Sources

    BlackBerry maker Research In Motion is close to rolling out its own music streaming service that will work across its mobile devices, according to four people famili...

  3. Exclusive: Access, Sony, Universal weigh EMI bids

    NEW YORK (Reuters) - Len Blavatnik's Access Industries, Sony Music Entertainment and Vivendi SA's <VIV.PA> Universal Music Group are among the music companies and pr...

  4. Baidu in Landmark Pact With Record Labels

    Baidu Inc, China's largest search engine, has signed an agreement with top music studios to distribute licensed songs through its mp3 search service, ending years of...

  5. Sound of Music: Three Tech Titans Battle for the Cloud

    With the race to "the cloud" heating up, and Apple’s looming iCloud launch rumored to be more robust than its rivals, many are anxious to see which tech giant will e...

  6. Adele, Classic Rock Pump Up Music Sales

    Nielsen Co. President of Entertainment Eric Weinberg on why after six years of declining, music sales are finally starting to rise.

  7. Google Launching Music Service Without Labels

    Google Inc is set to launch an online music locker service to allow users to store and access their songs wherever they are, similar to one launched by Amazon.com In...

  8. Bulls Take the Reins in Tumultuous Trading

    FOX Business: The Power to ProsperThe markets capped a highly-volatile trading day with modest gains as falling commodity prices tempered optimism over better-than-e...

  9. Blavatnik's Access wins Warner Music for $3.3 billion

    NEW YORK (Reuters) - Billionaire Len Blavatnik's Access Industries has won the auction to take control of Warner Music Group Corp with an offer of $8.25 a share, the...

  10. Access Industries to Buy Warner Music for $3.3B

    Billionaire Len Blavatnik's Access Industries has won the auction to take control of Warner Music Group Corp (NYSE:WMG) with an offer of $8.25 a share, the company s...

  11. Week Ahead: April Jobs Report and Car Sales

    The U.S. unemployment rate is widely expected to stay put at 8.8% when the April labor report is released on Friday. Despite those broad expectations, investors are ...

  12. Apple to Beat Google on Cloud Music Storage: Sources

    Apple Inc has completed work on an online music storage service and is set to launch it ahead of Google Inc, whose own music efforts have stalled, according to sever...

  1. EU Opens In-Depth Investigation Into Universal Buy Of EMI

    The European Commission's antitrust arm will look in detail at the proposed acquisition by Vivendi SA's (VIV.FR) Universal Music Group of EMI's recorded music busine...

  2. Why Buy ETFs if They Don't Beat the Market?

    Seana Smith disects the debate over ETFs.

  3. Bill Gates Company Starts Music Service for Pros

    Microsoft Corp co-founder Bill Gates ' privately held Corbis, which provides photos and film video for advertisers, is expanding further into entertainment by launch...

  4. In Defense of Mitt Romney

    The Freedom Fighters analyze why Mitt Romney’s record at Bain seems to be a liability in his quest for the White House.

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    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  6. Report: Citi Near Deals to Sell EMI Music Units

    Citigroup (NYSE:C) is reportedly on the verge of unloading the publishing and recorded-music label businesses of British music company EMI in a pair of deals that co...

  7. EMI sale sweet for one mogul, bittersweet for another

    By Yinka Adegoke and Nadia DamouniThe imminent sale of storied music company EMI Group represents the culmination of a years-long vision quest for one mogul and a bi...

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