EMI To License Catalog To Prevent Takeover

EMI To License Catalog To Prevent Takeover

EMI To License Catalog To Prevent Takeover
EMI Music is in discussions to license its catalog business to help raise funds to prevent a takeover, according to a report from The Times. EMI is offering labels the opportunity to manage its North American catalog business over a five-year period to raise $601 million, which would equal sufficient funds to halt a takeover by its lender, Citigroup. (3/22)

Spanish Council Approves Antipiracy Proposal
Spain's Council of Ministers has approved the Sustainable Economy Law, a law which includes a provision to create a new commission that would outlaw Web sites linking to unauthorized content. The antipiracy provision would introduce an Intellectual Property Commission, which would have the authority to denounce Web sites offering links to unauthorized downloadable content. The law will now go to parliament for debate and some analysts project it could be approved by June. (3/22)

Australians Listening To Digital, Online Radio
Nearly 450,000 Australians are listening to digital radio on a weekly basis, and 504,000 listen to online radio services, according to the "Digital Radio Industry Report" published by trade association Commercial Radio Australia. Digital radio listeners spend an average weekly listening time of slightly more than eight hours, while online radio listeners average five and a half hours per week. (3/22)
 

Email Newsletter