Featured Social Blog
Katherine McPhee puts the pieces back together with Unbroken
It’s been three years since Katharine Mcphee released self-titled debut with RCA records, since then Mcphee has matured as a woman and an artist and has come into her own.  This time Mcphee is maki...
January 18th, 2010 by TinaAm
Featured Business Blog
Stream Vampire Weekend’s Sophomore Release, “Contra”
I kinda liked "Cousins," and have been interested to hear the rest of VW's second record. There is a super-handy embed widget that I was hoping I could just pop in here to give you a shot at it, to...
January 7th, 2010 by Tallboy7
 
You are not logged in. [Log In] The Velvet Rope » Forums » Velvet Rope Forums » The Velvet Rope » EMI Deal done and dusted
Register User       Forum List       Calendar       FAQ       Who's Online
Page 1 of 2 12>
Topic Options
#372413 - 05/21/07 12:41 PM EMI Deal done and dusted
outahere
Gold Member


Registered: 01/31/04
Posts: 823

Offline
Well it least they were bought by a different set of scumbags the we thought they would be ...

http://news.bbc.co.uk/1/hi/business/6677875.stm
Top
#372425 - 05/21/07 12:58 PM Re: EMI Deal done and dusted [Re: outahere]
jmassif
Diamond Member


Registered: 08/19/02
Posts: 5554
Loc: Town Called Massif

Offline
Still has to get shareholder approval, and that has appeared to be less than certain on occasion.

Wonder what this does to WMG's alleged annual "kicking-of-the-tires" routine...
_________________________
It's a well-known fact that reality has a liberal bias- Stephen Colbert
Top
#372526 - 05/21/07 04:03 PM Re: EMI Deal done and dusted [Re: jmassif]
Sterling1576
Bronze Member


Registered: 10/31/05
Posts: 181
Loc: Brooklyn, NY

Offline
The WMG buyout has been dead in the water for some time. It's only the media keeping that alive at this point. Too many regulatory hurdles.
Top
#372639 - 05/21/07 08:03 PM Re: EMI Deal done and dusted [Re: Sterling1576]
pacifico555
Member


Registered: 08/28/05
Posts: 4

Offline
Top 10 Ways EMI will be different under the new private equity owners...

http://independentsources.com/2007/05/21/top-10-ways-emi-changed-by-private-equity/
Top
#372692 - 05/22/07 01:00 AM Re: EMI Deal done and dusted [Re: outahere]
wheredidigowrong
Gold Member


Registered: 07/12/01
Posts: 696
Loc: here & now

Offline
Interesting take on how the deal may not be completely done and Warner may not actually be out:

http://www.latimes.com/business/la-fi-em...rack=crosspromo
Top
#372707 - 05/22/07 07:54 AM Re: EMI Deal done and dusted [Re: jmassif]
AbbeBigou
Diamond Member


Registered: 06/29/00
Posts: 3046
Loc: world wide

Offline
A masterful job by Eric to bring PE to the party.
It would be in the best interests of WMG to counter and try to make something happen.
The bid would have to be very high, like 300p or more for EMI to pull away from Guy Hands.
I don't think WMG is in any such position to make this size of an offer.

WMG has been using this coy promise of an EMI end game as the backbone of its plan.
Even offering 320p again buys them 2 years of dance time.
EMI being taken by PE ends the game immediately and puts WMG in a bad position.

One would think WMG will come with one last effort, then after that fails go on a buying spree with the new spin being:
"After analysis we are buying (management companies, catalogue, etc.) to further synergize WMG as a music company, not a record label."

I could imagine the horror at WMG yesterday when Terra Firma announced.

It will also be interesting to see how Terra Firma breaks from it's M.O of using a tremendous amount of its own executives put in place in the newly bought company they are working with.

they alos have experience with the EU and regulatory measures over entertainment assets and have been able to push one through (on the film side).
Which begs the question, will Guy's end game now be going after WMG after it sinks further?

Expect Terra Firma to securitize EMI's publishing.
Now if and I say if, they ran at WMG, they buy on the cheap, take the synergy savings on the recorded music side, sell off WC and are essentially in the asset business very cheap.

Not a bad concept and a great and well deserved turn of the table to WMG.
_________________________
"It used to be a beautiful business"
Moishe
Top
#372740 - 05/22/07 10:45 AM Re: EMI Deal done and dusted [Re: AbbeBigou]
jmassif
Diamond Member


Registered: 08/19/02
Posts: 5554
Loc: Town Called Massif

Offline
Abbe's on the money here... Just watch as WMG's stock price dwindles...

Though the regulatory experience might be of help when looking to divest publishing, no?
_________________________
It's a well-known fact that reality has a liberal bias- Stephen Colbert
Top
#373091 - 05/22/07 10:14 PM Re: EMI Deal done and dusted [Re: AbbeBigou]
MonsieurMusic
Member


Registered: 08/12/06
Posts: 3
Loc: "way over yonder in the minor ...

Offline


"I could imagine the horror at WMG yesterday when Terra Firma announced."

Let's talk about this for a few.
_________________________
"goodnight now"

Top
#373204 - 05/23/07 09:20 AM Re: EMI Deal done and dusted [Re: MonsieurMusic]
Syncopat
Platinum Member


Registered: 01/19/01
Posts: 1334
Loc: LA

Offline
Interesting chatter at the Grubman affair Monday - Grubman has made it very clear to Nicoli that he will not deal with Ames probably based Ames' little hidden dislike of dealing with those of the Jewish persuasion. Seems Grubman is already tight with Terra Firma and at the center of his advice islighting a yarzeit candle for Ames.
Top
#373213 - 05/23/07 09:44 AM Fifield makes a play [Re: outahere]
JGFlash Administrator
 Diamond Member


Registered: 01/23/00
Posts: 4864
Loc: Wellington, Florida

Offline
Former EMI Group Chief Executive Jim Fifield, with the financial backing of private equity firm Corvus Capital, is in the final stages of preparing a 278 pence a share offer


LONDON (Thomson Financial) - Corvus Capital PLC, the Geneva-based company run by businessman Andrew Regan, has ruled itself out a rival bid for EMI Group PLC, market sources told Thomson Financial News.

Warner is expected to launch itself back into the fray with an offer significantly above Terra Firma's 265p.
Top
Page 1 of 2 12>


Moderator:  JGFlash 
Hop to:
My Cookies · Mark all read Powered by UBB.threads™ Contact Us · The Velvet Rope · Top

Generated in 0.132 seconds in which 0.082 seconds were spent on a total of 15 queries. Zlib compression disabled.
©2008 StarPolish LLC
fax: (212) 477-5259 - info2@StarPolish.com
About Us - Terms of Use/Privacy Policy