EMI expected to be split between Warner and BMG record labels

ColdplayWarner is reportedly closing in on EMI’s recorded music division, whose artists include Coldplay.

Photograph:

Cold play

Paul White/APThe $3bn-plus sale of EMI is close to completion, with Warner Music and BMG Music Rights Management expected to split the spoils of the UK music company behind the Beatles and Coldplay.Warner Music, which was acquired by Len Blavatnik’s Access Industries for $3.3bn £2bn in May, is poised to buy EMI’s recorded music division, which has a roster of artists including the Beatles, Coldplay and Katy Perry, for close to $1.5bn.

via EMI expected to be split between Warner and BMG | Business | guardian.co.uk.

~ by musicproducertv on October 28, 2011.

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