Time Warner Sold

Discussion in 'Linkin Park Chat' started by Omar A, Nov 26, 2003.

  1. #1
    Omar A

    Omar A Beyond Science LPA Super Member

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    Here's the article:

    Time Warner Sold


    EMI Records has once again been jilted at the altar after current fiancé Time Warner ran off with another man.

    The man is Edgar Bronfman Jr.

    An 11th hour move has seen Time Warner sold to Bronfman, the former owner of Universal Music.

    Bronfman paid around $2.4 billion for his new record player.

    Time Warner's assets include the Warner, Elektra and Atlantic labels and artists currently charting include Red Hot Chili Peppers, REM, Matchbox Twenty, Linkin Park and Michael Buble.

    Bronfman has already announced he will streamline the business. That is expected to mean various labels within the Warner Empire with amalgamate shortly.

    In Los Angeles, the Elektra and Atlantic offices will become one from next month. It has been widely speculated that Elektra and Atlantic would merge regardless of the outcome of the buyer. While the company is officially saying next months relocation is simply a cost saving exercise for office space, insiders say the two labels will be the first to become one.

    In Australia, all labels operate as one unit already. Bronfman's changes are only expected to affect the USA and UK branch of the company short-term.

    The Bronfman deal is expected to be finalized in January.


    Source: chester-bennington.com
     
  2. #2
    Ander

    Ander LPA VIP LPA Super VIP

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    i saw this on a scroller on one of the cable news channels :p
    I saw "Warner" and "sold" but I turned the channel before i could see "out Linkin Park"
     
  3. #3
    Phantom Duck

    Phantom Duck You are my detonator. LPA Super Member

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    WTH, i am a subscriber to Time and it still sez it's on AOL Time Warner.
     
  4. #4
    Will

    Will LPA Addicted VIP LPA Addicted VIP

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    Wow.

    Hopefully Warner won't be a sucky label anymore.
     
  5. #5
    User Name

    User Name Angry Marines. Always angry, all the time. >:C LPA Super Member

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    I think that's wishful thinking, Will. :lol:
     
  6. #6
    Will

    Will LPA Addicted VIP LPA Addicted VIP

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    Shh.

    Let a man have his dreams.

    :lol:
     
  7. #7
    Anthony.

    Anthony. .Orestes LPA Super VIP

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    I guess it's good news, but it may be bad ones too. We'll see what will happen...
     

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