Citi to sell EMI units for $4.1 billion

[Gurn Blanston]

The EMI assets are being sold by the Universal Music Group, which last year took over the company for $1.9 billion but is being required by the European Union to dispose of about a third of it to preserve competition.

snip....  Among the parties said to be interested in bidding are the Warner Music Group; .....snip

Ummm... how exactly was that going to help preserve competition? 

[The new erato]

Ummm... how exactly was that going to help preserve competition? 

It preserves the competitors when Warner immediatey makes the EMI catalogue unavailable....as they've done with Finlandia and Erato. 

[Gurn Blanston]

It preserves the competitors when Warner immediatey makes the EMI catalogue unavailable....as they've done with Finlandia and Erato. 

Dopey me. Although I would have thought Sony or BMG equally capable of screwing the public in that way. Sony do it all the time (CBS, for example). 

[Coopmv]

Ummm... how exactly was that going to help preserve competition? 

GE wanted to buy Honeywell back in 2000 and the deal was shot down by the EU ...

[Opus106]

Universal Music Group, the world's largest record company, has announced that it has entered into a 'definitive agreement' to sell the Parlophone Label Group, which includes EMI Classics and Virgin Classics, for the cash sum of £487million to Warner Music Group.

http://www.gramophone.co.uk/classical-music-news/warner-to-buy-the-parlophone-label-group

[Todd]

Universal Music Group, the world's largest record company, has announced that it has entered into a 'definitive agreement' to sell the Parlophone Label Group, which includes EMI Classics and Virgin Classics, for the cash sum of £487million to Warner Music Group.

This doesn't strike me as good news on the new recording front.  On the big, bigger, biggest box set reissue front, things are looking up.