Parlophone Purchase: What It Means For Warner Music and Universal

In an astonishing and clever move, a Warner Music Group has won a auction for a Parlophone Label Group resources with a £487 million ($762 million) bid. The understanding is approaching to tighten mid-2013.

The understanding will give a Warner Music Group, a smallest of a 3 vital tag groups, another $400 million in annual revenue, another 1.5%-2% in U.S. marketplace share and catalogs of such artist as Coldplay, Radiohead, Kate Bush, David Guetta, Daft Punk, Sinead O’Connor, Tina Turner, Tinie Tempah and Jethro Tull, among many others. The Parlophone Group includes Chrysalis and Ensign Labels as good as EMI’s available song operations in Belgium, a Czech Republic, Denmark, France, Norway, Portugal, Spain, Slovakia and Sweden – that will

Read full article: http://www.guardian.co.uk/science/blog/2013/feb/04/richard-iii-skeleton-last-plantagenet-king-live

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Source:
http://www.ezonearticle.com/2013/02/08/parlophone-purchase-what-it-means-for-warner-music-and-universal/