Thanks to his 3% share in Facebook, Sean Parker popped up on Forbes billionaire list last week. Now he’s going after the big guns. Thanks to the movie, Social Network, we all know that Sean Parker (played by Justin Timberlake) was the guy who was the culprit in making the music industry’s sales plummet when he came out with the free music sharing site, Napster. He then went on to getting his share in Facebook. Interestingly enough, Warner Music Group was one of the power labels that helped shut down Napster after suing it for copyright violation and and almost ruined Sean Parker financially. Now in 2011, Parker is said to be a part of Yucaipa, a company with another billionaire by the name of Ron Burkle, that just sent a letter of interest to Goldman Sachs on the bidding sale of Warner. Goldman Sachs is the bank handling the Warner Music Group sale. As of right now Burkle’s company, Yucaipa, is the front runner for the bid. Payback’s a bitch and Sean Parker is Charlie Sheen winning right now. Is this karma or does Sean Parker just know how to play his cards well?
Warner Music Group is currently home to artists such as Flo-Rida, Waka Flocka, Gucci Mane, Wiz Khalifa, T-Pain, T.I., B.O.B, Diddy, and Plies. Basically, it’s home to major players, especially in hip hop.
Warner Music Group is currently home to artists such as Flo-Rida, Waka Flocka, Gucci Mane, Wiz Khalifa, T-Pain, T.I., B.O.B, Diddy, and Plies. Basically, it’s home to major players, especially in hip hop.
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