World Music

Indie community welcomes Warner’s Parlophone acquisition Feb. 7, 2013 - From Complete Music Update Even though the remaining EMI assets have gone to another major label, the indie community – much of which opposed the sale of the EMI businesses to Sony and Universal – has generally welcomed today’s news that Warner Music is to acquire the Parlophone Label Group. Indie support for the deal is based on the principle that a stronger Warner will provide more competition for the two mega-majors – Sony and Universal. - See more at: http://www.thecmuwebsite.com/article/indie-community-welcomes-warners-parlophone-acquisition/#sthash.iyFrB8he.dpuf Read More: http://www.thecmuwebsite.com/article/indie-community-welcomes-warners-parlophone-acquisition/

Warner Music Group Buys EMI Assets for $765 Million By Ben Sisario - February 7, 2013 - From NY Times Media Decoder Blog The Warner Music Group, the smallest of the three remaining major record companies, said on Thursday that it had reached an agreement to pay $765 million for the Parlophone Label Group, a collection of EMI assets that includes artists like Coldplay, Pink Floyd and the Beach Boys. The sale was mandated by European regulators as part of the Universal Music Group’s $1.9 billion purchase of EMI last year. “This is a very important milestone for Warner Music, reflecting our commitment to artist development by strengthening our worldwide roster, global footprint and executive talent,” Len Blavatnik, the founder of Access Industries , Warner’s parent company, said in a statement. The Parlophone group consists of EMI’s Parlophone, Chrysalis and other labels, along with EMI subsidiary companies across Europe. Universal will retain EMI’s Capitol and Virgin labels, including a...

Source: Warner Music Group "Will Be Scrutinized" by European Regulators By Paul Resnikoff - Feb. 7, 2013 - From Digital Music News So what's the difference between a Warner Music Group and a Universal Music Group, anyway? In the eyes of European regulators, the answer might be 'not much,' which is why according to a pair of sources, Warner Music's now-confirmed, £487 million ($762 million) purchase of Parlophone Label Group is likely to get a stringent review or even a direct challenge from the European Commission in Brussels. Read More: http://www.digitalmusicnews.com/permalink/2013/20130207eu