Tag Archive for Len Blavatnik

Did Warner Overpay for Parlophone?

WMG owner Len Blavatnik shows off the jewelry that the Vivendi board gave him at the closing of the Parlophone deal.

Less than 2 weeks ago the Warner Music Group purchased Parlophone Records from Vivendi for $765 million in cash, however sources familiar with the Vivendi end of the deal say that the French conglomerate was prepared to take much less. According to a source “Vivendi would have been very happy with a sale price somewhere in the $500 million range. That’s what they were expecting.”

Blavatnik Fights Back

L&L

Just when I was starting to get really, really bored with the record industry, Christmas came early for me. Aside from the UMG/EMI merger, which I’ll address in a later post, our favorite music industry thug has left the building.…

Warner, Sony Picking Up The Pieces

christmas-bonus

Lucian Grainge and Universal Music’s surprise acquisition of EMI Music big-footed the competition. Now Warner Music, desperate to stay alive after posting huge losses, is in talks with Sony for a distribution deal. The once prestigious super hip label is now an embarrassing shadow of its former self, the caretakers having sullied a legacy of artistic integrity.

Cain & Abel At Warner Music

Goobye Junior, hello Lyor?

When Warner Music announced that Junior Bronfman was getting kicked upstairs and being replaced as CEO by sexagenarian Stephen Cooper, a turnaround specialist and long-time Blavatnik associate, could mark the beginning of the end for Junior as well as the…

Warner Music Plundered Again

golden-parachute

If you’ll recall, in my post yesterday I made reference to Lyor Cohen’s platinum-lined golden parachute and his claim that Warner pays big bucks to attract and retain “the very finest, most seasoned, most creative, thoughtful, transformative” executives in the…