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How the Music Industry's Transformation Is Paving the Way for Monetization Opportunities

DayOnBay submits:

Fundamental changes in the music industry are paving the way for future monetization opportunities.

U.S. District Judge Jed Rakoff called it a “catfight between two rich companies” on November 1, when the controversial multibillion dollar lawsuit filed by Terra Firma Capital Ltd., and its chairman Guy Hands, against Citigroup Inc. (C) and its banker David Wormsley was finally brought to a conclusive end. Rejecting Hands’ claim that Wormsley had deceived him into overpaying for EMI’s acquisition, the jury in New York has thwarted Hands’ futile attempts in holding on to EMI. Now, Citigroup will have no problem in breaking apart the British music giant and selling it off in pieces, since it had initially provided over $4.8 billion in loans to finance the acquisition of EMI by T

By admin posted about 1 year ago
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