Parlophone sold to Warners

Universal has sold EMI's Parlophone label to Warner Music in an estimated £480 million deal. UMG was forced to sell the iconic label by European regulators but presumably said competition regulators will not be too unhappy at the change is ownership as a bigger Warner may have some balancing effect on the duopoly in the music rights space developed by Universal and Sony. http://www.guardian.co.uk/business/2013/feb/07/warnewr-music-parlophone-record-deal