|
|
| HMV Mama Group Done Deal - Live Music and Ticketing Growth Planned for Future |
|
"I am delighted that our offer for MAMA Group has been successful, and to welcome our new colleagues from MAMA to HMV, said HMV chief executive Simon Fox. "The acquisition represents a further significant step for HMV as we continue the transformation of our business begun in 2007. "Building on the successful platform created by the formation of our joint venture with MAMA just over a year ago, we will be embarking on exciting new growth plans for the Group in live music and ticketing." The MAMA Group is comprised of three divisions:
HMV Group (LSE: HMV) is an international entertainment retail chain and is the largest of its kind in the United Kingdom and Canada. The company also operates stores in Ireland, Hong Kong and Singapore. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Acquisitions by the HMV Group include Waterstone's in 1998 from W H Smith, the music retailer Fopp in August 2007, and selected Zavvi retail outlets in February 2009. Simon Fox has been Chief Executive Officer since 28 September 2006. For this role he is paid an annual salary of £493,000. HMV stands for His Master's Voice, a painting by Francis Barraud, A.R.A. of the dog Nipper listening to a wind-up gramophone. In the original painting, the dog was listening to a cylinder phonograph.Related Articles: Block this music monopoly - TM/LN merger will hurt concert consumers. by David Balto (originally published at Philly.com)
Nine months after Ticketmaster announced its proposed merger with Live Nation, the Justice Department's antitrust investigation seems to be entering the ninth inning, and the bases are loaded. Numerous consumer groups and 50 members of... Hundreds of ticketing professionals attend 2nd annual Ticket Summit in New York City by Alfred Branch Jr.
An estimated 500 ticket brokers and other ticketing professional descended on the Waldorf=Astoria for Ticket Summit this week, where the attendees networked with their cohorts and learned what the future holds for the secondary ticket market.
Live Nation Unloads U.K. Theatre Division for Approximately U.S. $160 Million Live Nation
, the world's largest live music company, recently announced that it has
closed the sale of its remaining U.K. theatrical venues and operations
to The Ambassador Theatre Group, an owner and operator of regional
theatres in the United Kingdom. In addition, on October 23, 2009,... Beyonce Big Winner at the 2009 MTV Europe Music Awards Beyonce was the big winner at the 2009 MTV Europe Music Awards (EMAs), held at the O2 World in Berlin, Germany tonight. The global music icon walked away with three of the night's biggest awards -- Best Female, Best Song, ("Halo") and Best Video, ("Single Ladies (Put A Ring On It)").
USA Ticket Industry Talks Paperless Ticketing at Billboard Touring Conference Executives from Ticketmaster Entertainment, StubHub, Live Nation and TicketNews's parent company TicketNetwork battled it out over the issue of paperless ticketing during a panel at the Billboard Touring Conference & Awards Wednesday in Manhattan, and while few minds were changed the charged debate... Live Nation Reports Strong Third Quarter Results Live Nation (NYSE: LYV) released financial results for the three months ended September 30, 2009 today.
“We generated robust organic growth from our operations during the third quarter as we focused on executing our fundamentals with excellence during the peak concert season,” said...
Set as favorite
Bookmark
Email this
Comments (0)
 Write comment
|
HMV's recommended cash offer for MAMA Group has been declared unconditional and the deal is done. HMV said that as at January 29th it had received valid acceptances in respect of 455,812,753 MAMA shares or 56.4% of the total.
Subscribe to this comment's feed
