(In an effort to keep you fully informed, and fully entertained, below we present today's FYI and TMI — news you need and news that's, well, sometimes needless….)
Fuller To Bid On EMI Assets
"American Idol" creator Simon Fuller is expected to submit a bid for the businesses Universal Music Group has been ordered to sell following its $1.9 billion purchase of EMI Music, according to a Billboard.biz report. Fuller will reportedly partner with Island Records co-founder Chris Blackwell to submit a bid of $563 million, according to The Independent. Additional companies expected to place bids for UMG's divestments include Warner Music Group, Sony Music Entertainment and BMG Rights Management. UMG is expected to begin accepting initial bids in late November.
Obama Campaign's Big Bird Ad A Big No-No
With the presidential election taking place in less than a month, there's one star getting arguably the most attention, and it's not Mitt Romney nor Barack Obama. It's Big Bird. In an effort to block Obama from taking a trip to "Sesame Street," Sesame Workshop, the nonprofit organization behind "Sesame Street," has requested that the Obama campaign take down an ad that features Big Bird being portrayed by Romney as a "big, yellow menace to our economy." The ad follows the first presidential debate earlier this month during which Romney said he would cut funding to PBS, the network that airs "Sesame Street." But as consolation to the Obama campaign, even Big Bird knows that everyone makes mistakes.