The cousin of Warner’s Edgar Bronfman Jr. - Stephen Bronfman - is reportedly joining forces with Simon Fuller to bid for divested EMI label Parlophone.
Bronfman is head of private equity firm Claridge Inc - which is rumoured to be in talks to back an offer made by Fuller for the label that counts Coldplay and Kylie Minogue among its artists.
Fuller is currently in the process of assembling investors to secure Parlophone, Mute, Sanctuary and a series of other labels, according to reports. Other names said to be involved in Fuller’s bid include RIT Capital Partners, the investment trust chaired by Rothschild, CJ E&M and Searchlight Capital Partners.
Other potential bidders for the EMI labels include Warner, MacAndrews & Forbes, BMG and Sony Music.