Groups circle EMI in the hope of his eventual disintegration
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Hartwig Masuch, CEO of KKR and BMG belonging to Bertelsmann Rights Management, told the Daily Telegraph his interest in music lucrative publishing arm EMI. We do not know what is going to happen, but we know what we would like to arrive... of course, we would like to music and recording catalogs. Iconic EMI catalogues are obviously attractive to many. ?
Other stakeholders in the arms of EMI music publishing include Imagem Music, which owns Boosey & Hawkes and catalogues the Hammerstein & Rodgers, while Sony ATV will take a blow of eye, as its Chairman Marty Bandier previously executed EMI Music Publishing 16 years .the ' music publishing company would be of interest to private equity buyers.
Warner Music would be interested to buy recorded music industry. ""Everyone knows that Warner is interested in music enregistrée.Ils division could do so at a price, they would be satisfied," said a source in the industry.
"CITI knows that Warner is interested, but they had to be very careful to have conversations with them for legal reasons."
Guy Hands, the founder of Terra Firma capital group has dealt a blow Thursday after a jury rejected says his former friend and Citigroup banker famous David Wormsley he made a mistake on the purchase of the EMI.
Mr. hands is in talks with its investors, now including the Canada pension plan in the hope that it will be injected about ￡ 200 million in the group to ensure that it does not default on loans March prochain.Toutefois, if investors aren't willing, a potential outbreak is possible.
Mr. Masuch raised concerns evaluation, saying of the music industry is now in a very different place a few years, citing the transition to digital and writers, preferring to deal with small publishers of music like it, have a transparent approach and pay royalties quickly. ""The key for a sustainable going relationship WINS confidence with writers and artists," said Mr. Masuch.
EMI lawyers were Friday reflect a call, but sources believe that this is unlikely.
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