Live Nation Bids On Warner Music Group
Live Nation is among the bidders for Warner Music Group the Wall Street Journal reports. The concert promoter is mainly interested in Warner’s recorded music division, not its publishing arm.
Live Nation has been growing vigorously in recent years, purchasing Front Line artist management as well as Ticketmaster.
The Warner sell-out saga has been going on for over a month. BMG, Sony and several investment groups are said to be among the other bidders participating in the auction, which is now in its second round and expected to bring more than $2 billion.
Don’t forget that EMI Music Group is also on the market, after being seized by Citigroup.
More about the factors influencing the sale from the WSJ here.
Sarah Skates has been a writer and editor in the music business since 2004. She is a longtime contributor to MusicRow.
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