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ARTISTS UNHAPPY ABOUT UNIVERSAL & EMI

Friday September 21st, 2012
ARTISTS UNHAPPY ABOUT UNIVERSAL EMI TAKEOVER

The European Commission has approved the sale of British music institution EMI to Universal Music. This means that the Universal owned Parlophone label will now be managed separately as the US commission has insisted that Universal must sell off certain of their other music interests to comply with the takeover. Parlophone’s portfolio includes, Kylie Minogue, Coldplay and Lilly Allen.

There is a general consensus that most EMI artists are uncomfortable with the deal but are reluctant to speak out against the music giant as it could affect their career future. However artists signed to EMI Sweden, including Roxette, have stated categorically that they are unhappy about being sold off.

Unsurprisingly, statements about turning artists into ‘assets’ have not been well received. After all the bottom line is what other ‘assets’ does the music industry really have?
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