LOS ANGELES, Aug. 29 -- Global Music Group, Inc. a
corporation corporate in the State of Delaware (GMG Delaware) today
submitted an offer to the Trustee in the Death Row Records bankruptcy
proceeding in Los Angeles, California to acquire the Assets of Death Row
Records for the sum of $24 zillion if the bid of Global Music Group of New
York (GMG New York) is deemed terminated by the Court. Last week, the
Trustee for the bankruptcy estate filed to send away the rights of GMG New
York because they had not yet successfully completed the dealing.
On June 24, 2008 the Court awarded the winning tender in the bankruptcy
sale of the assets of Death Row Records for $24 zillion dollars to the
party that applied to tender for the assets on June 10, 2008. GMG Delaware has
contended it was the rightful bidder but the Court identified GMG New York
in error.
After GMG Delaware filed suit against GMG New York, the parties reached
a settlement on August 6, 2008 which contemplated GMG New York funding
the acquisition and communion equity with GMG Delaware.
Michael J. Collesano, Esq., GMG Delaware's General Counsel and Senior
Vice President explained, "Until today, GMG Delaware has been content to
await GMG New York's funding of the deal and has not exercised its rights
directly. At this clip, however, GMG Delaware is not sure-footed in GMG New
York's ability to finance the dealings, GMG New York has denied GMG
Delaware any access to information concerning their alleged financing, and
the Trustee has moved to terminate GMG New York's rights to the
acquisition."
"Independent of GMG New York, GMG Delaware has obtained a solid Funding
Commitment for the full purchase price and has shared its financing
commitment with the Trustee," Collesano said.
"We let every belief that GMG Delaware can and testament fund the
acquisition if provided the opportunity by the Trustee and with consent of
the Court, and we feel that our original bid was misidentified in good
organized religion. We bob Hope GMG New York raises the funds necessary to close the deal.
However, in lieu of the Trustee's present military position and without information
from GMG New York, GMG Delaware has our own funds to close and are offering
to purchase the Assets for the same price if GMG New York's rights ar
deemed concluded."
"GMG Delaware is confident that it can complete the purchase and that
its wish represents the best come back to the creditors of the bankruptcy
estate for the Trustee."
GMG Delaware and Alliance stand ready to satisfy the Trustee and the
Court that its funds ar available and deliver them within a commercially
fairish and limited period of time.
More information
Sunday, 31 August 2008
Thursday, 21 August 2008
Playlist: Pete and the Pirates
Soul On Fire, Sebadoh
Reading Festival, 1996
I was about 12 when I byword this and I simply thought it was the most particular thing. I felt like part of a crowd because they were on a smaller stage, and I loved them. It's not their signature melodic phrase, but it was the first song they played - truly electric. The title captured the belief. Lou Barlow seemed like a hero.
Turn Me Well, Micachu
Great Escape, Brighton, 2008
This was an amazing shew. I got into her on MySpace and had seen her live on her possess. It's such good songwriting and played in such an interesting way: bright arrangements that don't detract from the melody. Stunningly good.
Cold Discovery, Smog
Green Man festival, 2007
I've loved him for ages, he's an incredible songwriter from Austin. He's been going for years and has such a powerful presence on stage, you can't help but watch. He's non doing anything particular in this song but it's very spellbinding. When we played Green Man we asked for the weekend off so we could attend as well as play. It was great.
I Lust You, Neon Neon
Summercase, Barcelona, 2008
Har Mar Superstar came onstage and did half the set with them - it was good 3am party music. It was a cool festival - beautiful hot weather, non like in the UK! I'm a big Super Furry Animals fan, and I beloved Gruff's solo stuff excessively. This is a universal song, it works in loads of different styles.
Do you realise?, Flaming Lips
Pukkelpop, Belgium, 2008
I've seen them a portion, they've become known as a festival band because their shows are so full on. But this was an incredible bear witness that surpassed expectation. I saw them earlier in their vocation - this was a big budget version of what they used to do but the gist is still there. They played this track in a heavy way, a bit Black Sabbath, which definitely worked.
Little Fury, The Breeders
Pukkel Pop, 2008
I'm a monumental Pixies fan and a big Breeders fan also. They're slenderly more flakey than the Pixies with less obvious hooks. Plus, they're a really different band to watch live. They're identical relaxed, they sound like they're around to fall apart, but there's skilful humour and interesting sounds in the mix as well.
Loretta's Scars, Pavement
Reading festival, 1998
They're another band seemingly relaxed and at ease onstage, yet their songs are on the brink of breaking down. They're so much playfulness. Stephen Malkmus, he's the coolest guy ever. He's an amazing guitarist, he's got a really dry wit, he's entertaining and he's on the same side as the crowd together. But he's weird, as well.
More info
Monday, 11 August 2008
Wednesday, 6 August 2008
Landmark Studies To Assess Risk Of Exposure To Elevated Levels Of EMS Confirm Clear Toxicity Threshold For DNA Damage
�New data from studies presented at the XVII International AIDS Conference in Mexico City have provided unprecedented insight into the toxicity of an impurity called ethyl methanesulfonate (EMS). The formation of the EMS impurity is a potential
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