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Sony enters YouTube-UMG music alliance (from Corporate Dealmaker)

Sony Corp.'s (NYSE:SNE) Sony Music Entertainment Inc. is joining online music video service, Vevo, which was conceived by Universal Music Group and is powered by Google Inc.'s (NASDAQ:GOOG) YouTube. And Vevo is still "exploring additional strategic participation by third-party investors to join as equity partners." Warner Music Group Corp. (NYSE:WMG)...

Posted on June 5, 2009 9:05 AM

Warner Music reorganizes to drive international growth (from Corporate Dealmaker)

In an effort to better manage its global operations and "drive new growth opportunities," Warner Music Group has shaken up its senior leadership and implemented a new organizational structure. In announcing the changes, WMG chief executive Edgar Bronfman Jr. said, WMG "can no longer organize the company as simply 'U.S.'...

Posted on September 18, 2008 1:41 PM