Tag: 5 million
Sony / EMI Music Publishing Merger CompletedSony has finished up its acquisition of EMI Music Publishing. The news was discovered in a filing with the SEC Wednesday. The merger is expected to give Sony nearly $1.3 billion in revenue.News of the deal comes about three weeks after the EU Commission gave the deal regulatory approval.However, back in 2012, Sony and other investors acquired EMI Music Publishing for $2.2 billion dollars. To finish the outright ownership deal that was valued at $4.75 billion dollars, Sony paid about $2.3 billion to buy out the other investor groups.To get the deal done, Sony paid $287.5 million to the Jackson estate for its nearly 10 percent share. Sony also agreed to assume $1.359 billion in debt. According to the SEC filing,
Future Vision Entertainment and Windy City Broadcasting Strike $3.5 Million Deal for Two FM Radio TranslatorsCo-channel translators have been redeployed as a MaxxCasting system to maximize coverage across Chicago’s African-American neighborhoods for Future Vision Entertainment’s “Clubsteppin’” formatWindy City Broadcasting today announced that it has sold two translators to Future Vision Entertainment, an urban format broadcaster based in Chicago, in a $3.5 million deal. The co-channel translators, W236BG and W236CF, are located atop Willis Tower and in the Elmwood Park neighborhood to support the Future Vision Entertainment’s new FM station, heard locally on 95.1.The translators have been redeployed as a MaxxCasting solution from GeoBroadcast Solutions (GBS). Using GBS’
THE BMI STAGE LIGHTS UP DAY ONE OF LOLLAPALOOZA WITH UNFORGETTABLE PERFORMANCES
CHECK OUT SETS BY LARKIN POE, WES PERIOD, FLETCHER, GASHI, SUPA BWE & MADISON BEEROn Thursday, August 2nd the BMI Stage at Lollapalooza kicks off with six incredible performances. For the thirteenth year in a row the stage continues to showcase the industry’s biggest and brightest.Day one kicks off with sister rock duo Larkin Poe, eccentric West Coast rapper, Wes Period, and boundary pushing pop upstart Fletcher. Roc Nation backed lyricist GASHI ushers in the second half of the day’s performances w
HOW AMERICA LISTENS: THE AMERICAN AUDIO LANDSCAPE
Each week, more Americans tune to AM/FM radio than any other platform. What’s more, according to Nielsen’s second-quarter 2017 Comparable Metrics Report, 93% of U.S. adults 18 and older listen to radio every week—more than those watching television or using a smartphone, TV-connected device, tablet or PC.
We are in the midst of an exciting time for audio, with more and more ways to listen to information and entertainment. AM/FM radio, on-demand streaming, podcasts, digital radio services and satellite radio are all part of this burgeoning plat