MI2N
Music Industry News Network
SATURDAY, JULY 4TH
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Label News (more headlines) 03-03-2013

Universal Music Group To Sell EMI's European Stake In Now That's What I Call Music! To Sony Music Entertainment

Bookmark and Share
Universal Music Group (UMG), the world's leading music company, today announced that it has entered into a definitive agreement to sell EMI Recorded Music's European rights in NOW That's What I Call Music! to Sony Music Entertainment, subject to regulatory approval. Financial details were not disclosed. UMG retains its pre-existing rights to the highly successful compilation series in Europe and acquires EMI Recorded Music's rights outside of Europe. The announcement was made today by Max Hole, Chairman & CEO of Universal Music Group International, and Edgar Berger, President & CEO, International, Sony Music Entertainment. This sale follows the approval of UMG's acquisition of EMI Recorded Music by the European Commission in September 2012, and marks the last of the mandated assets to be divested.

"This sale, along with our previous transactions, not only satisfies our agreement with the European Commission, but further demonstrates the value we have been able to unlock through the targeted divestment of quality assets," stated Mr. Hole. "Moreover, we are pleased to partner with Sony, a company that recognizes the cultural importance of this long-standing British institution."

Sony's Edgar Berger said, "NOW is one of the most famous and successful brands in music. We are delighted to have acquired EMI's interests in the NOW brand in Europe and will work with Universal Music and our other partners across the industry to build the next chapter in NOW's history."

With over two decades of multi-platinum international success, the NOW That's What I Call Music! series debuted in Europe in 1983. The series has since generated sales exceeding 200 million albums worldwide, including more than 84 million copies in the UK. It remains the longest selling branded compilation album in the UK.

UMG and Vivendi were advised by Goldman Sachs and Bank of America Merrill Lynch on financial matters, and SJ Berwin on legal matters.

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

Angela Chen And Tiffany & Co. Host A Cocktail Reception For The National Ballet Of China

365 Days From Dusk Till Dawn: DDC 1 Year Anniversary Program

The 12th Annual IAMA (International Acoustic Music Awards) Kicks Off

Xprnc Media Working With Eagle Rock On National Promotion Of Rolling Stones Release

From North Korea To NYC - Shanghai DJ B.O Spins Libation & Leftfield

Tamara Laurel's "Whiskey" Recorded At Hybrid Studios

Johnoscar Releases "Cinema Paradiso: A Night At The Movie

Armonite's Album 'The Sun Is New Each Day' Available On June 19, 2015



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» Copyright In Canada Extended To 70 Years For Sound Recordings
» Willcox Guitars Offers Atlantis ElectroAcoustic Guitar
» Sirius XM Agrees To Pay For Recordings Released Before 1972
» TELEFUNKEN Teams With JamBase For 50th Anniversary Grateful Dead Video Series
» Kangol Teams Up With Ten Underground Record Labels To Launch Radio Kangol
» Ocean Way Audio Appoints Rick Plushner President
» Ethical Ticket Exchange Scarlet Mist Relaunches
» Seminar To Mix Footie Fan Engagement With West End Ticketing Wisdom
» Tuomas Holopainen Talks To LA Metal Media
» Doug Briney, Xander Demos And MTS Join Billy Yates, Paradigm Talent Among 2015 CMG Award Winners


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» 365 Days From Dusk Till Dawn: DDC 1 Year Anniversary Program
» The Challenges Of Learning How To Play Drums
» Blue Note Entertainment Group Further Expands East With New Venue In Beijing
» From North Korea To NYC - Shanghai DJ B.O Spins Libation & Leftfield
» Bay Area Chinese Music Association Presents Second Hand Rose West Coast Show
» Cooking Vinyl's Martin Goldschmidt Calls For Direct Tax Breaks For Music
» Strong Opportunities For International Tech Manufacturers Among Chinese Consumers
» New Island Entertainment Presents Second Hand Rose @ New York's Santos Party House
» MusicDish*China Tours, Signing, NYCxDesign And Planetrox
» Award-Nominated DJ Soulier Performs At Beijing's Award-Winning DDC
» Second Hand Rose "Crossing Boundaries" World Tour
» CMW Live Touring Summit: Interview With Elliott Lefko

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2015 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.