Universal’s effort to buy EMI is knocked by competition probe June 19, 2012 THE £1.2bn takeover of debt-ridden record label EMI is still just out of Universal Music Group’s reach after the European Commission yesterday issued the music giant with an official statement of objections. Universal declined to give details of the EC’s protestations, saying in a statement: “We are preparing a detailed response to the Commission’s statement [...]
HMV boss vows brand has high street future January 15, 2013 THE BOSS OF HMV said yesterday he was “convinced” the crisis-hit music chain still has a future on the high street, as a number of firms emerged as potential bidders for the company. Deloitte was officially appointed as administrator to HMV yesterday morning, putting 4,123 jobs at its headquarters and 223 stores at risk. But [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 4, 2012 FINANCIAL TIMES VW to buy rest of Porsche for €4.46bn Volkswagen has agreed to buy the remaining half of Porsche’s carmaking operations that it does not already own for €4.46bn. The two car groups yesterday finalised plans to speed up the creation of the combined car group. The integration will take effect from 1 August. [...]
Breathe new life into your fitness routine January 28, 2013 For the core queen: If you’re one of those people who has left a traditional Pilates class wondering what all the fuss is about, you might like Pop Pilates. Dubbed the “super intense, hard-core version of Pilates”, Pop Pilates sees you performing the traditional bridge with weights; a plank on a Swiss ball and dumbbells [...]
Universal begins EMI sell-off after EU waves through deal September 23, 2012 UNIVERSAL Music’s sale of EMI assets will begin this week after the European Commission approved Universal’s £1.2bn takeover of the iconic record label but ordered that subsidiaries including Parlophone and EMI Classics are divested. The two remaining major labels – Warner Music and Sony BMG – have already indicated their interest in the parts of [...]
CITY MOVES WHO’S SWITCHING JOBS April 4, 2012 Universal Music The music company has promoted Laurence Hulin to vice president, emerging markets, effective immediately. Hulin will report to Olivier Robert-Murphy, global head of new business in the Universal Music Group. Hulin joined Universal Music in 2005, and for the past two years has served as vice president, business development. He has more than [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 26, 2012 FINANCIAL TIMES Universal in talks to hive off Parlophone Universal Music is in talks to sell most of Parlophone, one of the crown jewels of EMI and home to Coldplay and Gorillaz, in an attempt to overcome the concerns of EU regulators reviewing its £1.2bn bid for the British recorded music group. BMG, the music [...]
Universal could divest to secure EMI takeover bid January 22, 2012 UNIVERSAL Music Group could be forced to sell small parts of its empire to appease critics who argue that its takeover of British record label EMI will harm competition. The £1.2bn deal announced in November would see Universal behind 49.5 per cent of European music downloads and 54 per cent of airplay tracks, according to [...]
Universal could divest to secure EMI takeover bid January 22, 2012 UNIVERSAL Music Group could be forced to sell small parts of its empire to appease critics who argue that its takeover of British record label EMI will harm competition. The £1.2bn deal announced in November would see Universal behind 49.5 per cent of European music downloads and 54 per cent of airplay tracks, according to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 17, 2012 FINANCIAL TIMES M&S to charge for current accounts Marks and Spencer is set to become the first UK bank to shun free current accounts as it plans to charge all customers a monthly fee for banking services when it launches later this year. The retailer said it would offer two accounts, priced at £15 and [...]