Saturday, 12 November 2011

EMI sold for $4.1 billion

On November 11th, 2011 EMI was sold for $4.1 billion. The music operating division was sold to Univeral music for $1.9 billion and the publishing division was sold to a group of investors led by Sony for $2.2 billion. The importance of this sale within the music industry is that EMI was one of the four major record labels. the others being Universal, Sony and Warner. This deal reflects the trend toward consolidating the music industry to two main labels - Universal and Sony - Warner has a very small market share.

How do you see the music industry moving in future years from an ownership and control perspective?

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