Universal: "Today, EMI. Tomorrow, The World!"
European regulators have approved Universal's $1.9 billion takeover of EMI, creating one music label that now controls 40% of the music market. Sony and Warner Music Group are music's other two major labels, and between them and Universal's new powerhouse, they split 90% of all recorded music, with the other 10% being shuffled around on smaller labels. The merger had many people upset, complaining that Universal's power grab will lead to a loss of consumer choice and artist innovation. Although, in all likelihood, the takeover could lead to a lot more creativity in the ways people download music illegally ...
Recommended For YouView More in Culture
- > The Real Abuse at the Heart of 'Fifty Shades of Grey'
- > Why Don’t the Guys in my Church Ask Women on Dates?
- > 'Christian Cleavage' Probably Isn't the Problem
- > Report: ISIS Just Kidnapped a Group of at Least 90 Christians, Including Children
- > Chris Pratt and Chris Evans Made Good on Their Super Bowl Bet
- > DOJ Investigation into Ferguson PD Finds Racism and Constitutional Violations
- > Netanyahu: Deal with Iran Could Lead to Nation Getting the Nuclear Weapons
- > Report: Hillary Clinton Only Used Personal Email While Secretary of State
- > NHL Player’s Daughter Writes Adorable Letter to Get Dad Traded Closer to Home
- > Watch Colbert Discuss the Bible, Faith and Hymns with Fr. James Martin