Yeah, looks like its this...
NEW YORK, April 6 (Reuters) - BMG and Universal, two of the world's five leading music companies, are set to participate on Wednesday in what is being heralded as a ''major Internet announcement in the media business,'' sources said on Tuesday.
A news conference is scheduled to be held in New York City at the Rihga Royal Hotel involving chief executives of several unnamed companies, according to a public relations firm that is hosting the event.
Several sources at the hotel, including sound and lighting technicians setting up for the event on the Rihga Royal's 53rd floor, said the event involved BMG and Universal.
A spokesman for Universal, a unit of Seagram Co. Ltd. (Toronto:VO.TO - news), declined to comment. A spokeswoman for Seagram, Universal's parent, declined to comment.
New York-based spokesmen for BMG, a unit of German media empire Bertelsmann AG (quote from Yahoo! UK & Ireland: BTGGg.F), did not return calls seeking comment
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