Citigroup has acquired 100 percent of EMI Music and has completed a recapitalization of the company, reducing EMI's debt 65 percent from $5.5 billion to $1.9 billion, and giving the company more than $485 million in available cash.
Live Nation Entertainment has cut its original 2011 profit forecast of $389 million by 7 percent to $362 million after announcing the settlement of a class action lawsuit over fees charged by its subsidiary, Ticketmaster.
