Emi Music News
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Internet radio company Pandora Media Inc., already suing performing-rights organization Ascap over song-licensing rates, was taken to court by Ascap’s largest competitor, which is seeking higher fees.
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Sony Corp. and the world’s major record labels, are starting their own music streaming service in the U.S. this quarter that will challenge Apple Inc. ’s iTunes, after years of letting start-ups license their artists.
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Sony Corp. and three record labels started a streaming music service in the U.S., Australia and New Zealand to challenge the dominance of Apple Inc. ’s iTunes.
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Apple Inc.’s Lala online music service will shut May 31, Lala said on its Web site.
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Spotify , the European online music streaming service, said it has 1 million paying subscribers, representing 15 percent of the total user base.
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Skype Technologies SA founders Niklas Zennstrom and Janus Friis have started a new music streaming website called Rdio for U.S. and Canadian users.
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EMI Music Publishing reduced the interest rate and increased the discount on a $1.05 billion term loan supporting its acquisition by Sony Corp., according to a person with knowledge of the matter.
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EMI Music Publishing increased the size of a term loan it’s seeking to support its acquisition by Sony Corp to $1.15 billion from $1.05 billion, according to a person with knowledge of the transaction.
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EMI Music Publishing set the initial interest rate it will pay on a $1.05 billion term loan to support its acquisition by Sony Corp., according to a person with knowledge of the matter.
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Universal Music Group’s bid for EMI Group’s recorded-music business faces a formal antitrust complaint from European Union regulators amid concerns the deal could harm competition in the digital music industry.
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