Access Industries Withdraws From EMI Auction

Access Industries Withdraws From EMI Auction

Access Industries Withdraws From EMI Auction
Len Blavatnik's Access Industries has withdrawn its bid to purchase EMI Music, following last week's news that the company was the front-runner to purchase the label's recorded music division, according to Billboard.biz. The two companies reportedly couldn't come to an agreement on a valuation, even though Access Industries' bid was said to have been in the $1.5 billion to $1.6 billion range, above analysts' predictions of what the company's recorded music division would go for if sold separately. BMG Rights Management and Sony Corporation remain the front-runners to purchase EMI Music Publishing, with bids reportedly coming in at approximately $1.8 billion. (10/31)

Billboard Mexican Music Awards Draws 5 Million Viewers
The inaugural Billboard Mexican Music Awards drew 5 million total viewers and 2.8 million viewers in the 18–49 demographic on Oct. 27, making the show one of the year's top five highest-rated entertainment primetime specials on Telemundo. The red carpet pre-show averaged 1.2 million total viewers and 652,000 adults 18–49. Performances included Shaila Dúrcal, Gerardo Ortiz and Jenni Rivera, among others. (10/31)

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