Saturday, 13 August 2011

EMI sale may be to another major label or publisher


As talk around of the impending sale of EMI rumbles on, anti-trust lawyers in Europe and the USA are speculating that the sale of EMI, which has a 10% share of the recorded music market and a 20% share of music publishing, may be less of a problem as regulators would no longer be so alarmed if another of the majors, whether Warners, Sony or Universal, brought the UK based conglomerate. Lawyers comment that the music market has changed so dramatically in the last few years, with new entrants such as Apple, Amazon and Live Nation, new forms of distribution including Pandora and Spotify and the capability of artistes such as Nine Inch Nails, Radiohead and Sir Paul McCartney to manage their own record releases in the digital age. Citygroup took over EMI in February after the company's previous owner, Terra Firma Capital Partners, proved unable to repay a $5.4 billion loan and are now looking to sell.

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