Tag Archive for Universal Music

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.”

Google Music Losing Users Weekly

Users have voted on Google Music and the results aren't good so far.

According to a highly placed digital music executive, Google Music has actually been losing customers week over week–consistently–since it’s launch last November. “I’ve never seen anything like it”, the source said.”It’s astounding. It’s hard to believe that with an install base of over 200 million Android handsets they’re actually losing customers.”

Where’s Rick?

Hagrids ride

While everyone at 550 Madison Ave. eagerly awaits the exit of Rick Rubin, speculation has risen that the barefoot producer’s next stop will be Universal Music. Uni owns Def Jam Records, co-founded by Rubin and Russell Simmons, and could conceivably…