{"id":6648,"date":"2013-03-29T21:11:23","date_gmt":"2013-03-29T21:11:23","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=6648"},"modified":"2022-06-09T12:25:41","modified_gmt":"2022-06-09T11:25:41","slug":"major-label-up-for-sale-sony-or-universal-looking-for-a-buyer","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/major-label-up-for-sale-sony-or-universal-looking-for-a-buyer\/","title":{"rendered":"Major Label Up for Sale – Sony or Universal Looking for a Buyer"},"content":{"rendered":"

Reports have surfaced<\/a> that Universal or Sony are looking for a buyer. At the moment it hasnt been confirmed which major label is on the chopping block, but sources are saying that its 100% not Warner Music.<\/p>\n

According to the source, the boards of both Sony and Vivendi are sick of holding on to, in his words, \u201cthese bags of shit\u201d and want to divest. \u201cOne of these company\u2019s will be sold in the next 6 to 12 months,\u201d he says.<\/p>\n

Vivendi has long been trying to get rid of Universal as the French company has been a loggerheads with Universal Music CEO Lucian Grainge for years.<\/p>\n

As for Sony, it\u2019s stale at best. \u201cSony\u2019s a nice company. It\u2019s fairly insignificant really\u201d, Grainge recently told the\u00a0Financial Times<\/a>.\u00a0\u00a0\u201dThey\u2019ve got some good acts and deals that I\u2019d like us to have some day\u2026I don\u2019t care about Doug Morris. I don\u2019t care about Sony. That\u2019s the past. It\u2019s an old company.\u201d<\/p><\/blockquote>\n

It will be interesting to hear who a buyer might be. News Corp have been able to systematically cock up all their previous attempts to run technology companies and these days a lot of a music business is technology focused. It also seems like Bertelsmann have made their decision and recently purchased BMG.<\/p>\n

I guess we will just have to wait and see.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reports have surfaced that Universal or Sony are looking for a buyer. At the moment it hasnt been confirmed which major label is on the chopping block, but sources are saying that its 100% not Warner Music. According to the source, the boards of both Sony and Vivendi are sick of holding on to, in his words, \u201cthese bags of shit\u201d and want to divest. \u201cOne of these company\u2019s will be sold in the next 6 to 12 months,\u201d he says. Vivendi has long been trying to get rid of Universal as the French company has been a loggerheads with…<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[2586,921,134,20,2747,467,207,723],"acf":[],"yoast_head":"\nMajor Label Up for Sale - Sony or Universal Looking for a Buyer - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/major-label-up-for-sale-sony-or-universal-looking-for-a-buyer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Label Up for Sale - Sony or Universal Looking for a Buyer - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"Reports have surfaced that Universal or Sony are looking for a buyer. At the moment it hasnt been confirmed which major label is on the chopping block, but sources are saying that its 100% not Warner Music. According to the source, the boards of both Sony and Vivendi are sick of holding on to, in his words, \u201cthese bags of shit\u201d and want to divest. \u201cOne of these company\u2019s will be sold in the next 6 to 12 months,\u201d he says. 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