VIVENDI TAKES A WALK FROM SEAGRAM TALKS
The chief exec has seemingly run out of buyers after French media conglom Vivendi, which controls pay-TV group Canal Plus, walked away from acquiring the Canadian company's media interests, including Universal Studios and Universal Music.
Vivendi was one of several companies interested in Seagram, along with News Corp. and Bertelsmann. Bronfman reportedly had discussions with both rupert murdoch',390,400);">rupert murdoch',390,400);">Rupert Murdoch and Thomas Middlehoff about a sale, thoughthe talks were said to have reached an impasse. USA Today reported that Bronfman's asking price was $60 billion; Seagram is currently valued at $22 billion.
Vivendi is said to have thought Bronfman's asking price for his film and music assets was inflated, and to have had concerns about managing two U.S.-based businesses. Bronfman also expressed his intention to maintain a leading role in the music business, and this has proved a stumbling block in his negotiations with other interested parties.
In other news, Vivendi officials decided to take off early for a weekend Jerry Lewis film festival in Nice.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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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!
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JAMES KING: THE HITS INTERVIEW (PART ONE)
