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Warner Music Acquires Roadrunner Music Group for $73.5 Million

Authored by Mark Hefflinger on December 18, 2006 - 9:15am.

New York - Major record label Warner Music Group announced on Monday that it will pay about $73.5 million to acquire a majorirty stake in Netherlands-based Roadrunner Music Group, a label whose artists include Nickelback, Slipknot and Megadeth.

tags: Deals | Music | Europe | Acquisitions | Warner Music | Netherlands | WMG | Roadrunner |

Billboard: Catalog-Based Ringtones Are Fastest Growing Market Segment

Authored by Mark Hefflinger on October 11, 2006 - 12:34pm.
Los Angeles - Catalog-based ringtones are now the fastest growing segment of the market, Billboard reported. Universal Music Group said that catalog ringtone sales are up 80% from last year and now account for 10% of the company's ringtone sales. Meanwhile, new deals to offer ringtones from Jimi Hendrix, Elvis Costello and Guns N' Roses may spur ringtone holdouts like Led Zeppelin, Bob Marley and the Beatles, whose labels are in ongoing discussions because contracts don't include ringtone rights. "It's stuff like the Jimi Hendrix deal that will hopefully open the eyes of the holdouts," David Dorn, senior vice president of new-media strategy for Warner Music Group's Rhino Entertainment, told Billboard. "Sometimes they just wait to see what other artists do and then they go, 'Why aren't we doing this?"'
tags: Mobile | Mobile Music | Marketing | Music | Metrics | Ringtones | Commerce | Warner Music | WMG |