Consortium Acquiring Believe Now Owns Over 85% of Shares, Stock to Be De-Listed from Indexes
The tender offer ends Friday (June 21) for shares of the owner of TuneCore, Sentric Music Publishing and a host of record labels.
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Read more: Consortium Acquiring Believe Now Owns Over 85% of Shares, Stock to Be De-Listed from Indexes -
Warner Music Group Hires Top Goldman Sachs Music Banker to Lead Distro Shopping Expedition
Read more: Warner Music Group Hires Top Goldman Sachs Music Banker to Lead Distro Shopping ExpeditionAfter holding back its bid to acquire Believe, CEO Robert Kyncl has hired Michael Ryan-Southern to find him a new indie distributor to bolster ADA.
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The Chuck E. Cheese Animatronic Band Is Breaking Up
Read more: The Chuck E. Cheese Animatronic Band Is Breaking UpChuck E. Cheese is pulling the plug on Munch’s Make Believe Band, the animatronic robots that terrified children and their begrudging parents with musical performances for decades. The New York Times reports that the arcade-pizzeria franchise will soon…
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Believe Reports Strong $248M in Quarterly Revenue Despite Slower Organic Growth
Read more: Believe Reports Strong $248M in Quarterly Revenue Despite Slower Organic GrowthExecutives of the Paris-based company said they expect a consortium of buyers to close on acquisitions of nearly 72% of shares in the coming days.
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Warner Music Won’t Bid for Believe After All
Read more: Warner Music Won’t Bid for Believe After AllThe decision clears a path for a consortium led by founder Denis Ladegaillerie to take the French company private.
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Believe’s Board Invites Warner Music Group to Make Them an Offer
Read more: Believe’s Board Invites Warner Music Group to Make Them an OfferA competing bid from a group including CEO Denis Ladegaillerie violates rules around tender offers, the board says.
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Labels Competing With Distributors Creates More Options for Creators
Read more: Labels Competing With Distributors Creates More Options for CreatorsThey’re getting into their business — Warner’s planned bid for Believe is only the latest example — and distributors are doing things that only labels used to.
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Believe Revenue Rose 16% in 2023 on Streaming Growth & Expansion in Developing Markets
Read more: Believe Revenue Rose 16% in 2023 on Streaming Growth & Expansion in Developing MarketsThe company said it expects strength in paid streaming and a resurgence in ad-supported streaming to push organic growth over 20% in 2024.
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Warner Music Has a Plan to Acquire Believe
Read more: Warner Music Has a Plan to Acquire BelieveThe label group said it wants to make a potential bid for the French digital company.
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Will Believe Go Private? Denis Ladegaillerie-Led Consortium Launches Takeover Bid
Read more: Will Believe Go Private? Denis Ladegaillerie-Led Consortium Launches Takeover BidThe French digital company’s founder and two investment funds propose a private takeover valued at 15 euros per share.
