1.
Cross-country drive on 2 gallons of gas
LONDON, Nov. 12 (UPI) -- Rolling Stones vocalist Mick Jagger said the integrity of British music company EMI was in safe hands with its sale to Vivendi Universal Music Group.
"For me, as an Englishman, EMI was the pre-eminent music company that I grew up with. Universal is committed to both preserving EMI's cultural heritage and artistic diversity and also investing in its artists and people to grow the company's assets for the future," Jagger said
The Rolling Stones broke ranks with EMI in 2008 and signed with Vivendi Universal. Vivendi Universal said it would purchase EMI's music division for $1.6 billion, The Daily Telegraph reported Saturday.
"The Vivendi family," said Vivendi Chief Executive Officer Jean-Bernard Levy, would be a "safe, long-term home, headquartered in Europe," for EMI's music.
EMI controls music by The Beatles, as well as Coldplay and others.
Sony/ATV Music Publishing has reached an agreement to buy EMI's publishing business for $2.2 billion, which means U.S. bank Citigroup will realize $4.1 billion from the sale of EMI, which it purchased in February.
|
|
|
|
|
|
| Additional Music Stories | |
'Men in Black' leads U.S. box office ... Michelle Obama, daughters see Beyonce ... Lady Gaga cancels Jakarta gig for security ... Madonna asks for pool at Israel venue ... News from United Press International.
|
WASHINGTON, May 27 (UPI) --
President Obama has put U.S. foreign policy on auto-pilot while he concentrates on getting re-elected, a senior Republican senator said Sunday.
|
To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets – including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks – to secure $23.5 billion in credit.
|
ANCHORAGE, Alaska, May 27 (UPI) --
A black bear didn't go over a river but went to the woods after scampering through residential and industrial areas of Anchorage, Alaska, police said.
|
| Stories | Photos | People | Comments |
View Caption
