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Creative Industries

Penske Media makes a strategic investment in Jim Bankoff’s Vox Media

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Penske Media Corporation (PMC) has acquired a 20% stake in Vox Media, the publisher of media brands including Vox, New York Magazine, The Verge, The Cut, Eater, Vulture, Recode, among others. The financial terms of the investment were not disclosed. The two companies will continue to operate independently, according to a joint statement. As part of the investment, Penske Media will become Vox Media’s largest shareholder. PMC CEO and Founder Jay Penske will join the Board of Directors at Vox Me...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Warner Music Central Europe and Spinnin’ Records launch German imprint

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Warner Music Central Europe and dance and electronic music label Spinnin’ Records are launching Spinnin’ Records Germany, a new Berlin-based label dedicated to the signing of artists across Germany, Switzerland, and Austria (GSA) and from around the world. "With a strong focus on A&R and artist development, complemented by tailored marketing and distribution strategies that connect talent signed out of GSA with global opportunities, the launch reinforces Warner Music Central Europe’s commit...

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Creative Industries

Dynamite Songs names Claudia Namukasa as Catalogue Manager and Charlotte Hancock as Rights Acquisition Manager

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Music publishing company Dynamite Songs has appointed Claudia Namukasa as Catalogue Manager and Charlotte Hancock as Rights Acquisition Manager. The two appointments expand "the company’s rights management capabilities and further strengthening the analytical foundation underpinning its acquisition programme." Namukasa joins from US rights society PRS for Music where she worked as a Music Licensing Consultant. Hancock comes from Warner Music Group's publishing division Warner Chappell Music wher...

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Creative Industries

Universal Music Group confirms receiving ‘unsolicited and non-binding’ acquisition proposal from Pershing Square

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Universal Music Group has confirmed that its Board of Directors has received "an unsolicited and non-binding proposal" from Pershing Square Capital Management, L.P. to acquire the company for €56 billion in cash and stock. "The Board of Directors, together with its advisors, will review the proposal in accordance with its fiduciary duties and analyse its implications for shareholders, employees, artists, songwriters and other stakeholders," said UMG in a statement. The statement continued: "The...

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