Citi Financial

Warner Out For EMI Purchase

Billboard has reported that Warner Music Group has pulled out of the negotiations for EMI.

Citigroup have allegedly renewed negotiations with Universal and Sony whilst Independent label association IMPALA filled protests about the sale with the European Commission over concerns in regards to a possible duopoly in Europe.

According to their November 8th, 2011 press release, IMPALA had preferred a sale to Warner Music Group, which they believed “could help balance the duopoly but would still need substantial remedies as it would increase the competitive gap for the independents“.

EMI/Citi Financial & Arcadia finally on DVD

It appears that EMI is trying to work something out with the other labels to keep it’s assets from being taken over by Citi Financial.

Times Online reports that EMI has approached Universal, Sony and Warner and that Warner is preparing a bid for some of EMI’s assets with KKR.

All is not well at EMI.

Paul McCartney, the Rolling Stones and Radiohead have all left the label since the company’s 2007 takeover by private equity group Terra Firma and they have recently been brought into court by members of Pink Floyd, according to this Times Online article.

Well, at least there is some good news for fans of Duran Duran and Arcadia in Canada. We will be getting the special re-releases of their CDs via EMI Music Canada in April, which will include bonus remixes and DVDs that include the music videos for these albums.

I’m particularly interested in the reissue of Arcadia’s So Red The Rose, whose music videos I wanted on DVD for decades. But the bonus material and videos on Duran Duran’s Seven And The Ragged Tiger reissue are also tempting.

Now if only EMI could release Kate Bush’s “The Whole Story” on DVD…