A competing bid from a group including CEO Denis Ladegaillerie violates rules around tender offers, the board says.
They’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.
The company said it expects strength in paid streaming and a resurgence in ad-supported streaming to push organic growth over 20% in 2024.
The label group said it wants to make a potential bid for the French digital company.
The French digital company's founder and two investment funds propose a private takeover valued at 15 euros per share.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
Additional subscription price increases are expected in 2024, said CEO Denis Ladegaillerie.
The Billboard Global Music Index dropped 1.5% to 1,355.65 this week, bringing its year-to-date gain to 16.1%.
Artificial intelligence "will rapidly be available to elevate the quality of the music," said CEO Denis Ladegaillerie while delivering midyear earnings.
The international music company returned to Indonesia to celebrate its first decade operating in the region.
