MI2N
Music Industry News Network
THURSDAY, JULY 28TH
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

DigitalRadioTracker.com Simplifies Broadcast Monitoring Worldwide

Canadian Artist Hennie Bekker Brings Benefits Of Music Therapy In Latest New Age Album

"Wanna Be Happy?" enjoys Top Spot For 45 Weeks

Grammy Nominated Producer, George Nash Jr., Launches New Music Company To Support Peace And Healing

Return Of The R&B Soul Bands!

Heavy #16 In Hong Kong 4 August 2016

Call-For-Songs For Chinese Valentine's Day (Qixi Festival)



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» FINANCE COMPANY ROOTED IN THE MUSIC INDUSTRY PAVING THE WAY WITH THE RETURN OF “BOWIE BONDS”
» PMC Speakers Launches The Hear More Tour
» Garage Rock Lives With Bongo Boy Records Out Of The Garage Volume Two
» Kangol Expands Content Offering With Video Series And Downloadable Mixtapes On Radio Kangol
» Broadcasters Support Anticipated Government Conclusions In Antitrust Review Of ASCAP And BMI Consent Decrees
» ILS Group Appoints Experienced Music Executive Eric Alper As Director Of Media Relations
» U.S. Justice Department Shuts Shut Down Kickass Torrents, Arrests Principal Operator
» 7th Annual Future Music Forum & Sync Summit: Finding The Next Music Industry
» Canadian Artist Hennie Bekker Brings Benefits Of Music Therapy In Latest New Age Album
» YB16 – Yamaha Band Competition 2016


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

Articles
MUSICDISH E-JOURNAL
» 7th Annual Future Music Forum & Sync Summit: Finding The Next Music Industry
» GUIGUISUISUI Release 'Wu Xing' EP
» Viacom TV Launches New Artist Discovery Platform
» Heavy #16 In Hong Kong 4 August 2016 - Hard Rock & Metal Goodness
» Millennials Turn From Radio To Embrace Streaming
» The Underground Summer Festival In Hong Kong
» Research Finds Audible Differences With High-Resolution Audio
» Morbid Goats Farewell Tour And Digital Album Release
» Alisa Apps Files Lawsuit Against Universal Music Group And John Newman
» MusicDish*China Music Releases, Charts, MV Premiere And Radio Feature
» Andreas Carlsson Becomes Advisor And Investor In Soundtrap
» Adva Mobile Fan Engagement Score (ES)

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.