RUMOR MILL
Monday, April 24, 2000
BMG, TIME WARNER DISCUSSING RECORD CLUB MERGER
Columbia House, BMG Direct Merger Could Represent A Perfect Five Out Of Five
According to Friday's Wall Street Journal, German media giant Bertelsmann AG and Time Warner Inc. have had preliminary discussions regarding a merger of Bertelsmann's BMG Direct and Time Warner's Columbia House record clubs.
A spokesman for Columbia House offered no comment and a representative for BMG Direct could not be reached.
According to people close to the situation, chances of a deal being finalized anytime soon are slim, since the Time Warner/AOL merger is still pending and the Warner Music Group/EMI Group merger is under review by antitrust regulators.
A merger between BMG Direct and Columbia House would represent a unification of four of the Big 5 music labels considering Warner Music's pending merger with EMI and Sony's 50% ownership of Columbia House.
Sources have also linked UMG's European clubs to the record club merger talks, which, if true, would make it a perfect 5 out of 5.
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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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)rumor mail
