Filed under: Media
And then there were three.
The bidding war for EMI -- the record label behind Katy Perry, Lady Antebellum, and Coldplay -- is over. A consortium headed by Sony (
SNE) agreed to pay $2.1 billion for EMI's publishing business earlier this month, while Vivendi's Universal Music was the last suitor standing with its $1.9 billion bid for the label itself.
Breaking EMI in two was inevitable, but the meaty morsel here is that EMI's publishing arm sold for more than the label itself. In other words,...
Will Music Lovers Care When Record Labels Go Extinct? originally appeared on DailyFinance.com on 2011-11-19T07:00:00Z.
Permalink | Email this | Comments
No comments:
Post a Comment