21.09.2012 19:06 Uhr, Quelle: Engadget

Europe approves Universal - EMI merger, cements the dominance of the 'big three'

The European Union has signed off on Universal's $1.9 billion purchase of EMI music, provided that it sells off two-thirds of the fallen giant's assets to comply with competition regulations. The most notable jewel on the auction block is label Parlophone, home of the early Beatles records, Pink Floyd, Radiohead and Kylie. Chiefs added the conditions in the hope of preventing the new mega-corporation from gaining too much market share, but given that Sony (which bought

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