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Business 24 May 2019 | 12:00 AM

Universal eyes bidder as buyout firms balk

LOS ANGELES: Vivendi SA is targeting strategic buyers for a stake in Universal Music Group as some private equity investors balk at the high price and slow pace of the deal, according to people familiar with the matter.

Business 11 Dec 2018 | 12:00 AM

Investor accuses Tencent Music executive of fraud

HONG KONG: A Chinese investor accused the co-president of Tencent Music Entertainment Group, which could fetch as much as US$1.23bil in an IPO this month, of using lies and threats to get him to sell his stake in a company that eventually became part of China’s largest music-streaming service.

Corporate News 06 Sep 2018 | 12:17 PM

The tension is building between Spotify and the music industry

LOS ANGELES: Stockholm-based Spotify is about to enter talks on new contracts with all three major record labels, and the deals will determine whether the company, which went public in April, can turn its money-losing service into a profitable one.

Corporate News 15 Mar 2016 | 3:46 AM

Sony buys Michael Jackson stake in music venture for $750mil

LOS ANGELES: Sony Corp. has reached an agreement with the estate of Michael Jackson to acquire the late music star's interest in their joint music business for $750 million.

Business 30 Nov 2012 | 12:00 AM

World's highest paid musician earns US$100mil a year

LOS ANGELES: You may be singing Call Me Maybe or dancing Gangnam Style to this year's music, but it was veteran hip-hop artist Dr. Dre who topped Forbes' list of the 25 highest-paid musicians in 2012, released on Thursday.

SME 06 Aug 2014 | 12:00 AM

Telco targets youth segment

MALAYSIAN Telco giant Maxis Bhd will continue its expansion into the prepaid mobile data segment with additional features to its self-serve app, Hotlink Red Application, which will be introduced in the third quarter of this year.

Business 12 Feb 2013 | 12:00 AM

Grammys draw 28 million TV viewers in US, a 30% drop from last year

LOS ANGELES: Some 28.1 million Americans watched the Grammy Awards show on television, a predictable 30 percent drop from last year's emotion-filled ceremony following the death of singer Whitney Houston, according to ratings data on Monday.

Business 13 Apr 2013 | 12:00 AM

How advertising is a force of good

ADVERTISING people have long been known to apply their talent to campaigns that bring good to our world. Just off the top of my turban, David Droga’s 2007 Tap Project started with 300 New York City restaurants asking patrons to pay a dollar for their tap water to Unicef. For every dollar raised, a child in need received 40 days of clean drinking water; 4,000 children under the age of five die of water-borne diseases every day.