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Universal Music Completes EMI Takeover

Sept. 28, 2012
Universal Music Group

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.



Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


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