Saturday, August 11, 2012

UMG lob even more out the balloon

Is the hot-air-balloon of the UMG takeover of EMI rising high enough yet?

Apparently not - even throwing Parlophone (except the good bits) out of the merged company isn't pleasing European regulators, and so UMG is now looking about for other parts of the company to divest in order to keep everyone happy.

If it keeps agreeing to sell off bits at this rate, Universal might wind up smaller than it was before it tried to swallow EMI. The whole thing is starting to feel like the sort of 'what is point' that Quentin Letts might feel like investigating.