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Sony and BMG to Merge Music Units Into Joint Venture

Discussion in 'Music' started by Lee Scoggins, Nov 6, 2003.

  1. Lee Scoggins

    Lee Scoggins Producer

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  2. Lee Scoggins

    Lee Scoggins Producer

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  3. Lee Scoggins

    Lee Scoggins Producer

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  4. David Coleman

    David Coleman Supporting Actor

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    Yes this will be interesting to see how this shakes out in the DVDA and SACD releases??
     
  5. Rachael B

    Rachael B Producer

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    This, ultimately, is bad news. It's bad enough having 5 huge sloth-like companies dominating the music business, the spectre of having that power concentrated to fewer companies is bad for consumers, IMO. Regulators may take the same stance? Maybe not given the present adminestration?
     
  6. Lee Scoggins

    Lee Scoggins Producer

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  7. Lee Scoggins

    Lee Scoggins Producer

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    Some more details from Bloomberg:

    http://quote.bloomberg.com/apps/news...7lFmk&refer=us

    Interesting market share numbers at the bottom. Universal remains at #1 even after the merger.

    Speculation that any Warner - EMI alliance will be scuttled due to regulation.
     
  8. Michael_T

    Michael_T Second Unit

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  9. Lee Scoggins

    Lee Scoggins Producer

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    I was looking at the North America numbers.

    But if you add BMG and Sony on a worldwide basis, you still have Universal at #1. 25.2 for BMG/Sony versus 25.9 for Universal.

    [​IMG]
     
  10. Peter Kline

    Peter Kline Cinematographer

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    There's a non-binding agreement to do so. But there's possible problems ahead. Every time big companies merge the Federal Government looks into the ramifications.
    This is not necessarily good news for consumers. Independent record labels have always been the mainstay of innovation for the past 40 years. Giant monopolies controlling music tends to limit creativity, keep prices high and foster less choices. We'll see.
     
  11. Lee Scoggins

    Lee Scoggins Producer

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    Here is some info on BMG:

    Artists (Selection)

    Christina Aguilera, Backstreet Boys, Patrick Bruel, Busta Rhymes, The Calling, Nick Carter, The Chieftains, Kenny Chesney, Dave Matthews Band, Dido, Foo Fighters, Whitney Houston, Alan Jackson, Jars of Clay, R. Kelly, Alicia Keys, Avril Lavigne, Annie Lennox, *NSYNC, Kazumasa Oda, Pink, Elvis Presley, Eros Ramazzotti, Santana, Michael W. Smith, Britney Spears, Rod Stewart, Third Day, Justin Timberlake, TLC, Diego Torres, Usher, Luther Vandross, Westlife

    Companies (Selection)

    Arista Records (New York), Arista Associated Labels (New York), BMG Ariola (Munich), BMG Canada (Toronto), BMG Classics, BMG Distribution (New York), BMG Japan (Tokyo), BMG Music Publishing (New York), BMG Ricordi (Milan), BMG Songs (Los Angeles), BMG Special Products (New York), BMG UK & Ireland (London and Dublin), J Records (New York), Jive Records (New York), Provident Music Group (Nashville), RCA Music Group (New York), RCA Label Group - Nashville (Nashville), Verity (New York), Zomba Music Publishing (New York)

     
  12. Marc Colella

    Marc Colella Cinematographer

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    Don't know if this will effect DVD-A or SACD in any way - at least not yet... but this isn't really something to cheer about.

    This is yet another desperate measure from within the industry to try and stop the downward spiral they've been experiencing for years.

    The grand scheme is what really matters, and it definitely isn't positive.

    You can bet that Hi-Rez is the least of their concerns right now.
     
  13. Lee Scoggins

    Lee Scoggins Producer

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  14. Phil A

    Phil A Producer

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    The likely reasons for a joint venture are regulatory approval and also reporting financial results to stockholders. I suspect the main thing they want to do is save some resources and not have those losses on their corporate earnings. AOL Europe was a joint venture between Bertlesmann and AOL until around the beginning of January 2002. Since AOL Europe competed against European telephone companies, which more or less gave away internet access, it lost is shirt. As part of the joint venture the losses did not get reflected in AOL's earnings. Around Jan. 2, 2002, AOL's stock traded at around $31.50 share. While certainly not the only factor involved in the stocks decline, the restatement of earnings to reflect the joint venture losses did not have a positive impact. By the time the quarter closed, the stock was trading between $18-19/share.

    So, in summary, this really is not about hi-rez. It is about keeping losses off of the books of BMG and Sony so the stock does better and the corporate executives can get a little more fat.
     
  15. Dennis Nicholls

    Dennis Nicholls Lead Actor

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  16. Danny Tse

    Danny Tse Producer

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    I still have my fingers crossed for a Samantha Fox SACD [​IMG]
     
  17. Michael_T

    Michael_T Second Unit

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  18. Lee Scoggins

    Lee Scoggins Producer

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  19. John Kotches

    John Kotches Cinematographer

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    Can someone else help me out here....

    Why is one company that is losing money hand over fist (BMG) looking to merge with another company's division that is showing a big loss? If I remember correctly combined losses were on the order of $200 million.

    If the two seperately are losing money, on what basis can we say that merging the two is going to improve matters any?

    How will this merger going to change mindsets? This is what has the large music corporations in hot water to begin with.

    This holds true for both potential mergers, BMG/Sony and EMI/Warner.

    Regards,
     
  20. John Watson

    John Watson Screenwriter

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    these mega corporations are brainless borgs

    the only really bad news I can imagine worse than reality is Gates being allowed to buy them all. [​IMG]

    Danny, that makes me [​IMG]
     

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