Recording Industry Association of America http://www.globalpost.com/taxonomy/term/31142/all en Vivendi sells Parlophone to Warner Music http://www.globalpost.com/dispatch/news/afp/130207/vivendi-sells-parlophone-warner-music <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French group Vivendi and its Universal Music unit said Thursday they would sell the Parlophone label that handles acts such as Coldplay, Kylie Minogue and Pink Floyd to Warner Music thus gaining EU approval for Universal's landmark purchase of music company EMI Recorded Music.</p> <p>The cash sale of Parlophone, worth £487 million (about 570 million euros or $765 million), "represents the main part of the application of the regulatory undertakings to the European Commission agreed on September 21, 2012, within the conditions it set forth," a statement said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/vivendi-sells-parlophone-warner-music" target="_blank">read more</a></p> Music industry NBC Universal Recording Industry Association of America AFP Thu, 07 Feb 2013 19:16:08 +0000 5749279 at http://www.globalpost.com SoundCloud close to deal with major record labels: Bloomberg http://www.globalpost.com/dispatch/news/thomson-reuters/140710/soundcloud-close-deal-major-record-labels-bloomberg <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - Online music sharing service SoundCloud Ltd is close to a deal with Universal Music Group, Sony Music Entertainment, and Warner Music Group for licenses to continue playing their songs and avoid potential legal disputes, Bloomberg reported citing people with knowledge of the matter.</p> <p>SoundCloud is in return negotiating offering a 3 percent to 5 percent stake to the companies as well as a percentage of future revenue, the website reported.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140710/soundcloud-close-deal-major-record-labels-bloomberg" target="_blank">read more</a></p> Music industry Recording Industry Association of America Technology Thomson Reuters Fri, 11 Jul 2014 02:20:17 +0000 6202018 at http://www.globalpost.com