RUMOR MILL
Back to Rumor Mill >
Tuesday, May 14, 2013

Bronfman Exits WMG Board

BUH-BYE BRONFMAN: It’s the end of a tumultuous ten years at Warner Music Group. Former Chairman/CEO Edgar Bronfman, Jr., who engineered the 2003 acquisition of the entertainment company from former owners Time Warner for $2.8 billion, has left its board of directors, it was revealed during this morning’s earnings call. Bronfman's role on the board as Chairman was to "focus on the company's strategy and growth opportunities," according to an August 2011 press release, at the time Stephen Cooper replaced him as CEO following its acquisition by Len Blavatnik’s Access Industries. Sources say Bronfman played an important role in the acquisition of Parlophone from EMI, a deal WMG is currently trying to refinance and is now in its regulatory approval phase. Bronfman remains General Partner at private investment firm Accretive LLC and serves on the board of directors of Accretive Health, Alphastaff, Endeavor Global and InterActiveCorp. (5/14p)

 
BACK TO RUMOR MILL
 
HITS LIST: HORSEPOWER
VRRMMMM (5/17a)
Check It Out Now
NEAR TRUTHS: VARIANTS
Celebrity death match underway on album chart (5/17a)
Check It Out Now
OH, TANNENBAUM! ANOTHER GREAT CAREER HITS THE SKIDS
Another talented journalist trapped in the career cul de sac (5/17a)
Check It Out Now
THE COUNT: LIVE NATION TAPS TYLER, POST, BLINK FOR TOP U.S. FESTS
Cornering the market on surefire headliners (5/17a)
Check It Out Now
STAPLETON, WILSON BIG WINNERS AT THE ACMs
A genre mash-up at the home of the Cowboys (5/17a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions