"We're going to have a shareholders vote for both Time Warner and AOL a week from today, and that indicates the view that we believe the transaction will close by the fall."
—Time Warner Chairman Gerald Levin
TAGS: yes

AOL, TIME WARNER TO MERGE IN AUTUMN, LEVIN CONFIDENT

Ceremony Will Be Held Outdoors, Reception To Follow At Tony Roma's—Karaoke, Free Booze Provided
Time Warner Chairman gerald levin',390,400);">gerald levin',390,400);">Gerald Levin said Friday that he was confident the planned merger with AOL would be completed by this autumn.

However, he refused to comment directly on gaining anti-trust approval in Europe ahead of the EU's decision on Monday.

"AOL/Time Warner is a big idea, but it's non-traditional in the sense that really there are no overlapping businesses," Levin said at the Fortune Global Forum in Paris. "But we're going to have a shareholders vote for both Time Warner and AOL a week from today, and that indicates the view that we believe the transaction will close by the fall."

Levin also said he expects that music will eventually be available free of charge through the Internet, similar to radio distribution. But artists will still demand to be compensated for use of their creations, he said.

"Intellectual property and copyright protection is a universal theme," he said, predicting that developers of software such as Napster will eventually enter into licensing agreements similar to the deals recently agreed to by MP3.com.

The European Commission said on Tuesday it was pushing back to June 19 its decision on whether to open an in-depth four-month investigation into the merger of Time Warner and AOL. Its original date was June 8, but a spokesman said the commission wanted extra time to study recently-received information before deciding whether or not to green-light the merger.

TAGS: yes
UMG AND TIKTOK
WORK IT OUT
The kerfuffle is in the past. (5/2a)
LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL
A breakdown from the boss (5/2a)
JAMES KING: THE HITS INTERVIEW (PART ONE)
London calling (5/2a)
TOP 20: IT’S STILL TAYLOR’S WORLD
Large and in charge (5/2a)
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)