EMI Sale Sweet For One Mogul, Bittersweet For Another | Reuters

EMI Music

#emi #musicbiz #finance #consulting @Callistecomm According to Yinka Adegoke and Nadia Damouni 2011, “The imminent sale of storied music company EMI Group represents the culmination of a years-long vision quest for one mogul and a bittersweet defeat for another.

Capping a six-year long pursuit, sources said Warner Music Group Chairman Edgar Bronfman Jr. appears set to win the auction for the recorded music side of EMI, allowing his tumultuous run at Warner Music to end on a victorious note.

Bronfman relinquished his CEO role at Warner Music after Len Blavatnik’s Access Industries bought the label for $3.3 billion this summer and moved upstairs to the chairman’s office with the sole purpose of completing a deal for EMI. It is widely presumed that he will leave Warner Music after closing the EMI deal.” Read more >