Vivendi Agrees to Acquire Recorded Music Division of EMI Group
November 11th, 2011 by David Weiss
The New York Times reports that the recorded music division of EMI Group, which has offices in NYC, will be acquired by French media and telecommunications giant Vivendi for approximately $1.9 billion.
The consolidation continues: EMI's recorded music division will be acquired by Vivendi.
The acquisition further consolidates the major labels, putting EMI under the same roof as Universal Music Group.
Read Eric Pfanner’s full article here.
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TrustMeI'mAScientist
November 11, 2011 at 5:34 pm (13 years ago)Vicendi also owns Universal, right? So this essentially means we’re down to just 3 major labels now, eh? Wow.