UK's EMI Says to Face Spitzer Music Industry Probe
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EMI Group PLC, the world's third-largest music company, confirmed on Friday it faced a New York probe into how music companies influence what songs are played on the radio.
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The UK music industry is set to prosecute people who music swap music illegally over the internet.
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British music giant EMI Group PLC is preparing to cut up to 2,000 jobs, or about one-third of its work force, as part of a contentious restructuring plan being prepared by the group's new owner, Terra Firma Capital Partners, reports said Sunday.
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LONDON -- Shares of record company EMI Group PLC, whose artists include David Bowie and the Beatles, rose more than 6 percent Tuesday after a report that the company is in talks with private equity firms about a possible takeover.
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Shares of Vivendi and EMI fell on reports that state Attorney General Eliot Spitzer has subpoenaed firms for information related to promotersâ payments to radio stations.
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New York Attorney General Eliot Spitzer will expand his investigation of the insurance industry in early January, a spokesman said on Sunday, contrary to a front
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The long courtship between EMI Group PLC and Warner Music Group is on again. EMI confirmed Tuesday that it had received an approach from Warner about a possible bid.
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EMI, the world's third-biggest music company, whose artists include The Beatles, said Tuesday it would slash 1,500-2,000 jobs worldwide following its takeover by a British private equity firm.
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EMI and retailer Fnac face legal challenge over antipiracy technology that blocks discs from playing on some devices.
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EMI, the world's third largest music label, is actively considering removing the digital rights management restrictions from its song catalog and selling tracks online in MP3 format, according to a report published in The Wall Street Journal Friday.
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LONDON -- Shares of EMI Group PLC, whose artists include Coldplay and Robbie Williams, dropped more than 8 percent Thursday after the music company said it had ended takeover talks with an unidentified suitor.
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New York Attorney-General Eliot Spitzer has been conducting a probe of the insurance industry but now says he will not bring criminal charges against the world&#39;s biggest insurance broker, Marsh &amp; McLennan.
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NEW YORK/LONDON  - Warner Music Group Corp.  said on Wednesday any takeover offer it might make for Britain's EMI Group Plc  would probably be all cash.
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EMI, the struggling British music company, said Friday that it had rejected an informal takeover bid by US rival Warner Music Group, claiming the cash offer worth 2.08 billion pounds (3.07 billion euros, 4.05 billion dollars) was &quot;inadequate.&quot;
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New York state Attorney General Eliot Spitzer, who has confronted the financial services industry over its business practices, is now turning his attention on the record industry&#39;s influence over the public airwaves, the New York
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The UK music industry is set to launch legal action against people who download music from the internet.
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Warner Music Group has approached Britain's EMI about a possible bid despite uncertainty over whether it would win regulatory approval, in the latest twist in a seven-year tit-for-tat takeover battle.