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blogs.allofmp3.ru / Journals / M / music_news / EMI and its catalogue for sale. No deals so far. /

music_news 91 posts

Unbiased Digest about Music Industry

5 votes

28 February 2007, 02:33

EMI and its catalogue for sale. No deals so far.

It has all been only rumors with no official statements that EMI is up for sale or at least its catalogue could be available in DRM-free MP3 to anyone who offers a handsome advance payment. According to Bloomberg, potential buyers interested in the catalogue included Microsoft, Apple Inc., RealNetworks Inc., Yahoo! Inc. and Amazon.com Inc. However, no one had offered enough for EMI’s music and the talks were suspended.

At the same time Warner Music Group Corp. and reportedly a number of private equity groups were in turns trying to buy EMI. Those negotiations haven’t produced any result yet as well.

For the time being EMI keeps reducing its revenue and profit forecasts. It has warned about its falling profits already twice this year. Nevertheless, EMI’s shares rose a few percent after the news of a potential acquisition.

More news might follow, but so far nobody seems to want either the company or its catalogue for the price demanded.


Read more:
EMI, Online Music Retailers Halt Copyright Talks, People Say, Bloomberg
EMI Aiming To Cut Costs, Sky News
Private Equity Interest Heightens Around EMI, Digital Music News
EMI talks to others after Warner Music approach-FT, Reuters

Entry tags: EMI 8, Warner 9, mergers&acquisitions 3

Comments 5

1. by thundercloud, 28 February 2007, 22:24

"...And you thought that we were faking, that we were all just money making;
You do not believe we're for real, or you would lose your cheap appeal.
Don't you judge a book just by the cover, unless you cover just another;
And blind acceptance is a sign, of stupid fools who stand in line... like... EMI"
-Sex Pistols

2. by hq, 1 March 2007, 01:07

Do you think they'd sell the Russian rights to their music catalogue to AllofMp3? It would solve a lot of problems and be one in the eye for the rest of 'em :)

3. by Phil, 1 March 2007, 09:09

put 'em all in jail & confiscate their catalogs

4. by Paul. (UK), 1 March 2007, 23:35

I'd buy that for a dollar!

5. by Laginyrhigh, 26 December 2009, 09:00

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