Operator
Welcome everyone, and thank you for standing by for the Alphabet First Quarter 2021 Earnings Conference Call. [Operator Instructions]
I d now like to hand the conference over to your speaker today, Jim Friedland, Director of Investor Relations. Please go ahead.
Jim Friedland
Director of Investor Relations
Thank you. Good afternoon, everyone, and welcome to Alphabet s first quarter 2021 earnings conference call. With us today are Sundar Pichai, Philipp Schindler and Ruth Porat.
Now, I ll quickly cover the Safe Harbor. Some of the statements that we make today regarding our business, operations, and financial performance, including the effect of the COVID-19 pandemic on those areas, may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially. For more information, please refer to the risk factors discussed in our most recent Form 10-K filed with the SEC.
Another nine-figure music industry acquisition is coming… and it’s Brazilian
March 17, 2021
Wesley Safadão has released records including 2015 live album, Ao Vivo em Brasília, through Som Livre
Brazilian record label Som Livre is edging closer to being acquired for a price-tag in the region of $250 million to $300 million.
That’s according to sources close to the process, who also tell MBW that the company has “had its tires kicked by everyone” – including all three major music companies.
Our sources added that some non-majors, including Paris-headquartered Believe, have also been in the mix for a potential buyout.
Som Livre is the largest domestic record label in Brazil, and is owned by the Globo Group, a multimedia corporation which turned over 14.09 billion BRL in 2019 (around $2.5 billion at current exchange rates).
March 15, 2021
Justice Edson Fachin’s ruling on March 8 to reverse three sentences against former president Luiz Inácio Lula da Silva upended Brazilian politics. The Supreme Court (STF) decision overturned charges that stemmed from the Operation Car Wash (
Operação Lava Jato) in 2018, condemning Lula to more than 12 year in prison and suspending his political rights.
Lula was imprisoned in April 2018 at the Federal Police headquarters in Curitiba, where the Lava Jato, now in the process of being shut down, was based. He was released in November 2019 after serving 580 days, when the Supreme Court finally agreed to examine his case and reinstated the jurisprudence that no one can serve a sentence before it can be reviewed by the country’s highest court.
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Planeta Junior’s Paula Taborda dos Guaranys
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