WMG And Citigroup Race To Attract Buyers
The Egyptian crisis is disrupting financial markets and political strategies around the world, but closer to home and having more immediate consequences for the music industry is the continued movements of EMI and Warner Music Group. Both companies are in play. WMG has already announced its buy/sell strategy concerning the record label and its Warner Chappell publishing assets. EMI, now owned by Citigroup who recently wrested the corporation from the hands of Terra Firma’s Guy Hands is also in a sell mode.
