Tuesday 11/5: Listen: Two musicians with very different kinds of pipes (and themes) have albums out today: Eminem and The Marshall Mathers LP 2, his eighth record, and James Blunt and Moon Landing, his fourth album.. Wednesday 11/6: http://cummingsukas.centerblog.net Watch: Brad Paisley and Carrie Underwood co-host the CMA Awards on ABC (8 p.m. ET). Nominees span the length of Nashville, from Kelly front page Clarkson and Taylor Swift to Luke Bryan and George Strait. Thursday 11/7: A couple of legitimate legends notch big birthdays today: Billy Graham is 95 and Joni Mitchell is 70.
SYDNEY Nine Entertainment Co, the parent company of Australias second-highest rated TV broadcaster, the Nine Network, aims to raise up to $680 million (AUS$716 million) through an initial public offering, the company confirmed Monday. our editor recommends Australia's Nine Entertainment in Crisis Talks With Lenders to Avoid Insolvency 304 million shares in the company will be offered to institutional and general investors with a price range of $1.95 to $2.23 per share, giving the entertainment giant an expected market capitalization of up to $2.06 billion, according to the prospectus. It is expected to be the largest Australian media IPO ever. STORY:U.S. Investment Firms Take Control of Australias Nine Entertainment Ratings agency Moodys Investor services said today kanye and kim kardashian that it was giving the company a Ba2 credit rating. "NEC has a solid track record of strong audience and revenue share as well as a good degree of diversification across different advertising channels. Nevertheless NEC faces strong competition from other Free to Air networks which could impact on margins depending on the success of future content. We expect growth in advertising revenue over the next 1-2 years to be slow and gradual," the agency said.
Sale Managers UBS AG (UBSN) , Morgan Stanley (MS) , Macquarie Group Ltd. (MQG) and Commonwealth Bank of Australia are among banks leading the share sale, according to the prospectus. Los Angeles-based Oaktree, the worlds biggest investor in distressed debt, in September took [link] control of Australias Billabong International Ltd. (BBG) together with Centerbridge Partners LP after the funds won approval for a plan to refinance the surfwear makers debt. Apollo, the private-equity firm run by Leon Black , is on track to raise $15 billion for a new buyout fund, the largest since Blackstone Group LP raised $21.7 billion in 2007, people with knowledge of the matter said Oct.
For the first nine months of the year, consumers spent $12.61 billion on home entertainment rentals and purchases on both disc and digital, according to The Digital Entertainment Group. If you isolate third quarter spending, it hit $3.97 billion, on par with 2012 with just a .05 blog percent increase. Fortunately, electronic sellthrough has finally started to make up for the decreases in disc sales. Digital sales rose 48.9 percent through the first three quarters, and was up 46.4 percent in the third quarter from the same time last year. Digital delivery saw a 24 percent gain for both the quarter and for the first nine months of 2013. Electronic sellthrough, video-on-demand and subscription streaming brought in $4.63 billion for the first three quarters, up from $3.73 billion year-over-year. The slow death march of the disc is sounding, with disc rentals and sales down -- for the most part.
SFX Entertainment did not say how much the deal was worth. SFX Entertainment had its initial public offering in October. It produces dance music events around the world, including Tomorrowland and Life in Color. It also operates Beatport, an online music store that sells electronic dance songs. Made Event produces Electric Zoo, an annual three-day electronic dance music festival held in New York during Labor Day weekend. It attracts more than 100,000 attendees and was started in 2009.