Universal Music has completed its 1.9 billion
dollar acquisition of EMI Recorded Music after gaining approval from
EU and US regulators, parent company Vivendi said Friday.
"Vivendi and Universal Music Group today announced that they have
completed the acquisition of EMI Recorded Music," the companies said
in a statement.
"The combined company will benefit both the artistic community and
the cultural industry. It features an incredible variety of renowned
local and international labels, and a roster of stellar talent,
including top-selling artists like The Beatles, Katy Perry, Lady
Antebellum and The Beach Boys."
The combined company will bring together such labels as Blue Note,
Capitol Records, Decca, Def Jam Recordings, Deutsche Grammophon, EMI
Records, Geffen Records, Interscope Records, Island Records, Capitol
Records Nashville, Mercury Records, Motown Records, Polydor Records,
Universal Music Latino, Universal Music Nashville, Virgin Records and
Verve Music Group.
