Will Tanous, who by all accounts has proven invaluable to shepherding UMG to market, had prior experience with an IPO—under very different circumstances.
Tanous was a player in WMG’s going public during the Edgar Bronfman Jr./Thomas H. Lee era. The year was 2005, the business had been in the post-Napster doldrums for several years and iTunes had just opened. The offering put Warner’s market cap at $2.4b. In 2011, after more bleak years, Len Blavatnik shrewdly forked over a tidy $3.3b for the label group. That now looks like a rather keen investment given that WMG’s market cap at present is $23.7b.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
| ||
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!
|