Warner manufacturing sold to Cinram.

Discussion in 'Music' started by John Kotches, Jul 20, 2003.

  1. John Kotches

    John Kotches Cinematographer

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    The manufacturing and distribution arms of WEA have been sold to Cinram International for approximately US$1 billion.

    Reported by the Toronto Star

    There is no mention of the sale of WEA catalog, which (IMO) would fetch a substantially larger sale price.

    Regards,
     
  2. KeithH

    KeithH Lead Actor

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    Big news, indeed. Thanks, John. According to the Toronto Star:

     
  3. Lee Scoggins

    Lee Scoggins Producer

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    [​IMG]

    I first reported on this in the thread about Warner Music in discussions with BMG.

    Why have a separate posting here?

    Administrator, please combine these threads.

     
  4. Lee Scoggins

    Lee Scoggins Producer

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  5. John Kotches

    John Kotches Cinematographer

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    Lee,

    Your statement that the WSJ is a "better source" than the Toronto papers is amusing. I'll have to tell my Canadian friends that their papers aren't as good as the WSJ. I'm sure they'll be mighty impressed.

    I guess that the folks at the Toronto Star simply made up the quotations too, after all they aren't as good a source as the WSJ.

    Need I remind you that Cinram is a Canadian firm, and the news of the sale breaking from a Canadian paper should hardly be a surprise.


    Regards,
     
  6. Marc Colella

    Marc Colella Cinematographer

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  7. Jack Briggs

    Jack Briggs Executive Producer

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    Let's go with this one for now. The previous thread was "before the fact," this one after. Also, The Toronto Star has won its share of journalism awards; it's a very respected news source.

    There's a related thread in Software as well, but its focus is on the hoped-for (by many but not all) demise of the snapper case for DVD.
     
  8. Dennis Nicholls

    Dennis Nicholls Lead Actor

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  9. Anthony Monaco

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    As a Canadian who was very proud of having Cinram manufacture cd's in Canada (before they came, our cd's were mostly made in Germany & the US) I have my misgivings about this purchase. In the mid 90's (were probably 75% of cds here were made by Cinram)I could not get them to play in my Toshiba cd player, Toshiba DVD player & my Pioneer LD player would only play them before it warmed up (their cd's that were manufactured earlier than that caused no problems). Between Cinram & Napster I stopped buying cds altogether (except for the odd MFSL, DCC & MCA's Ultimate Master Disks). I hope they fixed their problem otherwise were in for some fun!
     
  10. Lee Scoggins

    Lee Scoggins Producer

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    I earlier said the following:

     
  11. John Kotches

    John Kotches Cinematographer

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    Lee,

    You say there's no intent on slamming any particular publication, after others (besides myself) point out the high reputation that the Toronto paper has earned, just as the WSJ has earned theirs.

    The sale of the core Warner assets (Warner Music Group and Motion Pictures) is still in doubt -- and one has to wonder if
    • BMG can line up sufficient capital resources
    • Regulatory Agencies in the US and EU will approve the merger

    Neither of these is a lock.

    As far as underperforming goes, how do we define "underperforming" these days? Didn't meet analyst's expectations? There's a laugher. Anymore, objective performance means nothing....


    Regards,
     
  12. Lee Scoggins

    Lee Scoggins Producer

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  13. Lee Scoggins

    Lee Scoggins Producer

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  14. Marc Colella

    Marc Colella Cinematographer

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  15. Lee Scoggins

    Lee Scoggins Producer

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  16. Anthony Monaco

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    Marc - try Eddwards on Yonge north of Eglington, except for the Sony's at $27 they have a large selection (mostly Universal's) in the low 2o's (Pink Floyd & Police in the high teens).
    Lee, from someone who has been living in the Toronto area & reading that paper (as well as others) for over 30 years... don't worry about it. But for CDN business (re perspective) I will not rely on American papers (nor will I rely on the Star).
    John, I like & respect most of what you have to say(I seem to follow you around the net). The Star's business section is behind not only the WSJ, but third (of four) up here in the city.
     
  17. John Kotches

    John Kotches Cinematographer

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    Anthony,

    And yet, the info is accurate is it not? That's what's really at issue for the moment.

    Regards,
     
  18. Anthony Monaco

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    John, your right(my buddy owns a bunch of stock & is letting me hear it). Let's just hope that thier quality control is better than it was in the mid 90's.
     
  19. Marc Colella

    Marc Colella Cinematographer

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