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Warner Music Sold To Russian Company

Fri May 06, 2011 5:41 pm

Warner Music is sold to Russian company Access Industries for 18 billion NOK

The sale has to be accepted by the companies general assembly

Warner music also inlcudes Atlantic, Elektra and Asylum records, who also controls publishingcomapany Warner/Chappell.

Access Industries has negotiated to buy the stocks of Warner Music-boss Edgar Bronfman and two investment companies.

Warner Music is the worlds largest recordlabel with artists such as Madonna in theri stable.

18 billion NOK - Was'nt that cheap ?

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