New York Times; K.K.R. and Bertelsmann May Make Sweet Music:
"The fund run by Henry Kravis is teaming with the German media group Bertelsmann to pounce on some of the choicest bits of the music business — copyrights to songs.
Given the turbulence in the recorded music sector, and the ownership of libraries like Michael Jackson’s up in the air, they’ll likely have a wealth of assets from which to choose, the publication suggests.
Widespread digital distribution of music has hampered the ability of companies like Warner Music Group and EMI to make money from their traditional activity of finding new artists and marketing their tunes. Yet, their copyright businesses continue to produce profit, Breakingviews notes. In the quarter that ended in March, Warner’s publishing division posted 40 percent operating margins, four times those of its recorded music division."
http://dealbook.blogs.nytimes.com/2009/07/09/kkr-and-bertelsmann-may-make-sweet-music-together/?scp=1&sq=copyright%20emi&st=cse
No comments:
Post a Comment