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Stock Market & Financial Investment News

News Breaks
February 7, 2013
11:32 EDTVIVHYVivendi's Universal Music to sell Parlophone to Warner Music
Universal Music Group, a fully owned subsidiary of Vivendi, announced that it has entered into a definitive agreement to sell Parlophone Label Group to Warner Music Group for GBP487M. This sale follows the approval of UMG's acquisition of EMI Recorded Music by the European Commission in September 2012. The closing of the Parlophone transaction is expected to occur later this year, following employee consultations in certain jurisdictions and subject to various regulatory approvals. Additional financial terms were not disclosed.
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April 21, 2014
07:26 EDTVIVHYPandora sued in NY over older songs, NY Times reports
Sony (SNE), Universal Music (VIVHY) and Warner Music, along with an independent label, filed a lawsuit in New York that accuses Pandora (P) of violating the state’s common-law copyright protections by using recordings of songs made before Feb. 15, 1972, without permission, reported The New York Times on Thursday. Reference Link
April 14, 2014
11:11 EDTVIVHYVevo and Yahoo expand music video distribution partnership
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April 11, 2014
06:12 EDTVIVHYDreamWorks Animation may look to take a piece of Vevo, Re/code reports
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