Television

Time Warner completes sale of music group

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/05/17/Time-Warner.jpg?itok=iKgcbbnA

MUMBAI: Time Warner has announced that it has completed the sale of Warner Music Group (WMG), including its recorded music operations and Warner/Chappell music publishing business. It was sold to an investor group led by Thomas H. Lee Partners, Edgar Bronfman, Jr.'s Music Capital Partners, Bain Capital and Providence Equity Partners for approximately $2.6 billion in cash.

The transaction establishes WMG as the world's largest privately held independent music company.

Under the terms of the agreement, Time Warner has retained the option to buy up to 15 per cent of the company at any time during the three years following the closing, and as much as 19.9 per cent of the Company under certain circumstances.

WMG's new chairman and CEO Edgar Bronfman Jr. was quoted in a company release saying, "Warner Music Group is well positioned to be extremely successful as an independent company, both creatively and financially. Over the past several weeks, members of the investor group and I have been working very closely with WMG's senior management, and we intend to move quickly to implement a strategy that will enable the Company not only to meet the challenges of the current environment, but also to take full advantage of future opportunities.

" I greatly appreciate the enthusiasm and help of the talented, dedicated people of WMG in making this transaction possible. I look forward to working closely with them and with the extraordinary lineup of artists who make up the WMG creative family."

Time Warner chairman and CEO Dick Parsons added, "We will miss the great people of Warner Music Group and certainly wish them only the best. Under Edgar's leadership, the management team at Warner Music Group will be among the best in the business. This transaction has enabled us to reach our net debt target nearly a full year ahead of time, and we intend to deploy the proceeds of this sale toward high-growth, high-return opportunities both inside and outside our company."

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/zeetv_0.jpg?itok=Pu75zUWg
Zee TV the leader amongst GECs

As per the recently released BARC HSM weekly data (Urban + Rural) for week 20 ’18, Zee TV has claimed the top position in Hindi GEC space with 316640 impressions in HSM and 199155 impressions in urban markets and saw a robust growth across its primetime fiction shows. The channel continued to be a...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/zeetv_0.jpg?itok=Pu75zUWg
Zee TV the leader amongst GECs

As per the recently released BARC HSM weekly data (Urban + Rural) for week 20 ’18, Zee TV has claimed the top position in Hindi GEC space with 316640 impressions in HSM and 199155 impressions in urban markets and saw a robust growth across its primetime fiction shows. The channel continued to be a...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/quint.jpg?itok=4S9HA15q
Bloomberg|Quint’s The Mutual Fund Show marks one successful year of educating viewers on personal finance

MUMBAI: India’s premier business and financial news company, has recently announced the completion of one successful year of its highly popular series ‘The Mutual Fund Show’. The feature, streamed across multiple platforms to a wide user base, provides critical guidance to India’s new generation...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/cn.jpg?itok=5ILJtVV_
Cartoon Network Enterprises’ new Back to School collection

To kickstart their new school semester, kids can now flaunt and stock up the coolest & cutest school essentials! Cartoon Network Enterprises (CNE), the global licensing and merchandising division of Turner India, brings to kids a brand new Back-to-School collection at offline and online retail...

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/nick.jpg?itok=6gATqWXY
Summer of fun and excitement with india’s no 1 kids entertainment destination - Nickelodeon

India’s leading kids’ entertainment franchise Nickelodeon has kids beat the summer heat with a host of exciting and fantastic entertainment spread of new movies and new episodes starring favorite Nicktoons. Adding to the excitement are interesting and once in a life time opportunities for kids to...

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/kumkum.jpg?itok=XS-zvCNv
Zee Anmol retains leadership in GEC (U+R) in week 20

Star Plus and Star Utsav swapped their sixth and seventh positions in Broadcast Audience Research Council (BARC) data of week 20 of 2018 in the Hindi GEC (U+R) market, whereas in rural markets no changes were observed as compared to the previous week. Sony Sab and Star Bharat exchanged their...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/karnatak_0.jpg?itok=F1M0ylVN
Karnataka election helps news channels increase ratings

The general news channels witnessed a spike in the ratings because of the Karnataka elections. Aaj Tak led the chart in all three Hindi news markets, as per Broadcast Audience Research Council’s (BARC) week 20 ratings for 2018. English news genre doubled its ratings in week 20 and Republic TV...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/applause.jpg?itok=w8_-lsr-
Applause Entertainment and Sudhir Mishra hold Ronit Roy, Tisca Chopra and Parvin Dabas, ‘Hostage’

Applause Entertainment, the content studio from the Aditya Birla Group brings its audiences a premium drama series that will be a bolt from the blue. ‘Hostages’ is a potent conspiracy thriller fueled by several twists, strong performances and sharp direction. ‘Hostages’ brings together a stellar...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/get-out.jpg?itok=B0tVsoIq
Sony PIX premieres the most awarded film of 2017 - Get Out

Sony PIX, the ultimate destination for Hollywood Blockbusters and Premieres, is all set to air the Indian Television Premiere of the Academy and Golden Globes’ award winning film, Get Out on 27 May at 1 PM.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories