EU, US allow Universal and EMI to decline together

It's been a long, slow process, but today both the EU and American authorities have sighed and said it'll be fine for the two decaying bodies to merge themselves into a single, leeching exercise.

As part of the deal, some chunks of EMI will be cut off and left to flounder on their own - Parlophone will be looking for a new, different owner to manage its decline.

Experts nodded wisely at the news that the Universal-EMI merger will finally happen, noting that formal EU approval officially kick starts the long, slow process towards Universal-EMI merging with Warners.