[78-L] Warners purchases Parlophone

[Kristjan Saag]

What Odeon Masters?
The Odeon factory and offices in Berlin were almost completely destroyed 
on March 18, 1945, by the 8th US Air Force bombs, and what was left was 
plundered by Soviettroupes in April.
Kristjan
--


On 2013-02-07 23:07, David Lennick wrote:
> So do they also have Odeon masters and all the Lindstrom stuff? How do they
> claim Callas and Piaf? dl
>
>>
>> http://www.fmqb.com/article.asp?id=2614516
>> <http://jazzpromoservices.us2.list-manage.com/track/click?u=3186fe64133adb244b1010be2&id=31924a4319&e=dce4828319>
>> Warner Music Group Purchases Parlophone
>> February 7, 2013
>>
>> *Warner Music Group* has won the auction to acquire the famous European
>> *Parlophone Label Group*, as part of *Universal Music Group*'s sell-off of
>> former *EMI* assets. The /Financial Times/reports that the price tag came in
>> much higher than expected at £487 million (or roughly $765 million), allowing
>> UMG to "recoup almost half of the money it spent on EMI." The sale is an
>> all-cash deal.
>>
>> *Len Blavatnik*, Chairman and founder of WMG owner *Access Industries*, said in
>> a statement, "This is a very important milestone for Warner Music, reflecting
>> our commitment to artist development by strengthening our worldwide roster,
>> global footprint and executive talent."
>>
>> WMG CEO *Stephen Cooper* said, "Having the Parlophone Label Group become part
>> of our family represents a unique opportunity for us to join with legendary
>> record labels and artists that are highly complementary to our existing
>> organization from a creative, geographic and strategic standpoint. We are
>> committed to making this a great outcome
>> for Parlophone's artists and employees, who will find in WMG a similar spirit
>> and culture that is dedicated to providing the most supportive and innovative
>> home for recording artists. The continuation of the Parlophone legacy and brand
>> are central to the future success of this combination, and we are proud to have
>> them join us."
>>
>> In a statement from UMG, Chairman/CEO *Lucian Grainge* adds, "Following this
>> transaction, we will continue with our global reinvestment program that is
>> rebuilding EMI and ensuring that the company is able to reach its full
>> potential. And we're satisfied that our agreement with Warner Music will
>> provide a home for PLG artists."
>>
>> The /Financial Times/ notes that WMG has been beat out multiple times in the
>> past when bidding on EMI and its assets. Warner's "relatively small market
>> share" overseas should allow the deal to pass the *European Commission* without
>> much opposition. The /FT/ adds that "Warner was seen as being able to extract
>> more savings from the acquisition than other bidders, but its victory will
>> surprise some industry members who thought that the U.S. group's vocal lobbying
>> against Universal's EMI deal could count against it in the auction." Sources
>> also told the paper that WMG's bid was at least $100 million higher than the
>> other bidders for Parlophone.
>>
>> The Parlophone Label Group is comprised of the historic Parlophone label and
>> *Chrysalis* and*Ensign* labels as well as EMI's recorded music operations in
>> Belgium, Czech Republic, Denmark, France, Norway, Portugal, Spain, Slovakia and
>> Sweden. Its artist roster and catalog of recordings include, among many others,
>> *Air*, *Coldplay*, *Daft Punk*, *Danger* *Mouse*, *David Guetta*, *Deep
>> Purple*, *Duran Duran*, *Edith Piaf*, *Gorillaz*, *Iron Maiden*, *Itzhak
>> Perlman*, *Jethro Tull*, *Kate Bush*, *Kylie Minogue*, *Maria Callas*, *Pet
>> Shop Boys*, *Pink Floyd*, *Radiohead*, *Shirley Bassey*,*Tina* *Turner* and
>> *Tinie Tempah*.
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