AEG For Sale

AEG For Sale
The Anschutz Company is planning to sell its sports and entertainment company, Anschutz Entertainment Group, according to The Wall Street Journal. The company has retained Blackstone Advisory Partners as financial advisors for the sale, which has already attracted the interest of "multiple suitors," according to AEG's assets include its current promotion division, which produces festivals such as Coachella and Stagecoach, and more than 100 arenas, stadiums and clubs worldwide, including Staples Center in Los Angeles and the O2 in London. Multiple reports have estimated the sale to be worth several billion dollars. (9/19)

EMI Sale Approved In Australia
Following news regarding the approval of Universal Music Group's proposed $1.9 billion acquisition of EMI Music's recorded music division in Canada, the Australian Competition and Consumer Commission has become the fourth jurisdiction to approve the sale, according to a report. The sale was first approved by the New Zealand Commerce Commission in June. The transaction is still under review by the European Commission, which is seeking divestment concessions from UMG before approving the deal, and the U.S. Federal Trade Commission. (9/19)    

New Releases Occupy Billboard 200 Top 6
Dave Matthews Band's Away From The World debuted at No. 1 on the Billboard 200 this week with 266,000 units sold, marking the band's sixth consecutive studio album to debut at the top of the chart, according to Little Big Town's Tornado debuted at No. 2, followed by chart debuts from Bob Dylan (Tempest), the Avett Brothers (The Carpenter), the xx (Coexist), and ZZ Top (La Futura). This marks the first time since 2003 that the Top 6 slots on the Billboard 200 have been occupied by new releases. (9/19)

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