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Author: steven
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EMI fails again to buy rival Warner Music

LONDON - Warner Music, has rejected a US$4.2 billion (£2.2bn; €3.3bn) bid by rival EMI.   A merger between the two has long been on the cards, in an attempt to compete more effectively with larger rivals Universal Music and Sony BMG.   Warner Music said it had carefully examined the offer, but decided it did not benefit shareholders.   "This is disappointing, as we believe the logic for combining the two businesses is compelling," said Lorna Tilbian, an analyst with Numis.   If the two had merged, the combined company would have held about 25% of the recorded music market, based on figures from the International Federation of the Phonographic Industry.   Artists recording on the Warner label include Madonna and James Blunt, while EMI's list includes Coldplay, Robbie Williams and Roxette.   EMI unsuccessfully bid to buy Warner from its previous parent, Time Warner, in late 2003 before losing out to an investment group led by it's current CEO. Read the full story...


“Listen To Your Heart” breaks onto US dance radio chart

European group "DHT" and their cover of Roxette's "Listen To Your Heart" has entered at number 9 on the Billboard Dance Radio Airplay charts for the week of March 19, 2005.   This is the first Roxette-related track to feature in any American chart at any position since "Wish I Could Fly" in 2000. Read the full story...


EMI and UK file-sharing network offer back catalogue online

LONDON - UK based file sharing network Wippit.com has signed a deal with EMI to legally offer its entire music back catalogue on-line. Read the full story...


EMI boss defends music industry; Universal drops prices

  The Vice-Chairman of EMI, David Munns, has defended his company's stance on record prices and the state of the music industry. Read the full story...


EMI UK drops prices of CD singles

LONDON - Music giant EMI is to introduce a new system of prices for CD singles in an attempt to revive sales. Read the full story...


EMI’s profits rise slightly, but sales fall

LONDON - EMI has reported a slight rise in adjusted pre-tax profits to £177.3m ($290.2m), from £153.3m last year. Read the full story...


Ballad Hits climb high on UK Charts

LONDON - Roxette's "Ballad Hits" has rocketed to the dizzy heights of number 11 on the UK album charts. Read the full story...


“Ballad Hits” enters UK album chart

LONDON - Roxette's attempt to capitalize on the British's love affair with Valentine's Day has got off to an encouraging start. Read the full story...


Ballads hit the UK just in time for Valentine’s Day

LONDON - It's an event that rarely occurs in the UK and when it does, it typically happens with little or no publicity. Read the full story...


Possible EMI merger heats up

CANNES - At this year's Midem music industry conference on the French Riviera, music executives have been actively speculating over a possible, future merger concerning Roxette's record label EMI. Read the full story...


BBC profiles Roxette’s record label

LONDON - This week, the BBC profiled Roxette's record label in a program entitled "EMI & Me". Read the full story...


Roxette to re-enter US and UK markets; “ATAY” to be Valentine’s Day single

STOCKHOLM - Great news for American and British fans! According to EMI Sweden, there are plans to release Roxette's "A Thing About You" in both countries simultaneously in February. Read the full story...