Saturday, July 28, 2012

Offloading Parlophone

As Universal continue to try throwing things out the basket to see if their EMI takeover can get lift-off, the latest plan is to try and flog Parlophone to BMG.

Yes, yes, BMG had stopped being in the recorded music business when it withdrew from what is now Sony alone, but that doesn't mean it wouldn't be interested in getting back into such a vibrant, profit-loaded sector, right?

There is a slight problem with the plan, thought. The idea is to convince that the EU that the embiggened Universal wouldn't control too much of the market for the biggest selling acts, but, says MediaGuardian:

One source with knowledge of the situation said that any potential sale of Parlophone, one of EMI's most famous labels, would include Universal "cherry picking" key artists to keep such as the Beatles and, potentially, Coldplay.
It's like those hoarding programmes where the guy agrees to get rid of his enormous collection of plastic horses, only to get to the shop and announce that he's keeping all the dappled ones.

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