Russian tycoon buys Warner Music for $3.3bn • Hacker News Board

Re: Russian tycoon buys Warner Music for $3.3bn

#21

Post by lotusleaf1987 » Fri, May 06, 2011, 8:38 PM UTC

lyime wrote: post #15

lotusleaf1987 wrote: post #14

Earlier quoted context omitted.

Apple doesn't need to buy the Big 4, they're quickly disrupting them. The Big 4 used to offer, publicity, promotion, and distribution--now iTunes does all of that. Record labels are dinosaurs who are unwilling or incapable of adapting to survive.

Apple is not competing with the record labels, so they can't disrupt them. Labels are not going anywhere, artists need labels for various reasons. The function of labels is changing which is what is interesting. They labels are hesitant to change their model.

Apple is indirectly competing with record labels and the services they once provided--promotion, distribution (iTunes), publicity (Ping).

But you're right, Apple isn't trying to be a one stop shop like a record label, Apple is only going after a piece--that is what record labels should be adjusting to. Record labels should try to differentiate and offer whatever services Apple isn't--marketing, advertising, studio space, etc.

Re: Russian tycoon buys Warner Music for $3.3bn

#22

Post by fedd » Fri, May 06, 2011, 9:30 PM UTC

rumblestrut wrote: post #20

rumblestrut wrote: post #9

In other news allofmp3.com has announced an expansion of its Warner Music library ...

Wow. Voted down. Does the HN crowd have no sense of humor?

i guess partly doesn't, partly does, but prefer funny things be at the last pages of newspaper

Re: Russian tycoon buys Warner Music for $3.3bn

#23

Post by kgermino » Fri, May 06, 2011, 9:45 PM UTC

joe_the_user wrote: post #17

kgermino wrote: post #2

>>...in a $3.3bn deal. The company's $1.9bn debt is also transferred to its new owner, valuing Warner at $1.3bn. Wouldn't [Value of Warner] = [Price Paid] + [Debts]? Or am I missing something.

"a $3.3bn deal" sounds to me like just "puff". He paid 1.3bn for the company and took on the company's debt. The transfering of debts adds to the amount of money involved with the deal but not how much he effectively paid for WB (IE, one presumes that by gaining control of WB, he gained control of the assets which hypothetically backed the 1.9bn debt so whether he owes the debt or whether warner-which-he-controls owe…

what your saying sounds like it's right, I think it makes more sense than what I said anyway. Thanks.

Re: Russian tycoon buys Warner Music for $3.3bn

#24

Post by ropers » Fri, May 06, 2011, 10:08 PM UTC

simonsarris wrote: post #3

By "Russian tycoon" they mean "The US-based business of Russian-born, US-educated, US-residing-since-1978 tycoon" His company has also been a significant stakeholder in Warner Music since 2004.

Does the "tycoon" hold US or Russian citizenship (or both)?

Re: Russian tycoon buys Warner Music for $3.3bn

#25

Post by sp332 » Sat, May 07, 2011, 2:14 AM UTC

lyime wrote: post #15

lotusleaf1987 wrote: post #14

Earlier quoted context omitted.

Apple doesn't need to buy the Big 4, they're quickly disrupting them. The Big 4 used to offer, publicity, promotion, and distribution--now iTunes does all of that. Record labels are dinosaurs who are unwilling or incapable of adapting to survive.

Apple is not competing with the record labels, so they can't disrupt them. Labels are not going anywhere, artists need labels for various reasons. The function of labels is changing which is what is interesting. They labels are hesitant to change their model.

The Model T didn't compete with buggy-whip makers, but disrupted them all the same.

Re: Russian tycoon buys Warner Music for $3.3bn

#26

Post by PsyVisions » Sat, May 07, 2011, 1:11 PM UTC

fedd wrote: post #22

rumblestrut wrote: post #20

Earlier quoted context omitted.

Wow. Voted down. Does the HN crowd have no sense of humor?

i guess partly doesn't, partly does, but prefer funny things be at the last pages of newspaper

They are morons... Funny stuff should always be on front! We have the rest of the newspaper for the really serious stuff ;)

Re: Russian tycoon buys Warner Music for $3.3bn

#27

Post by rumblestrut » Mon, May 09, 2011, 8:50 PM UTC

fedd wrote: post #22

rumblestrut wrote: post #20

Earlier quoted context omitted.

Wow. Voted down. Does the HN crowd have no sense of humor?

i guess partly doesn't, partly does, but prefer funny things be at the last pages of newspaper

Newspaper ... what is this thing you speak of?