Warner Music Gains Approval to Buy Parlophone, a Last Piece of EMI

The $765 million purchase involves major artists like Coldplay and Radiohead. To win approval in Europe, Warner Music agreed to sell assets to independent labels.

    

Media Decoder Blog: Universal Sells EMI Stake in Popular Music Series

The company, which acquired EMI’s recorded music division in a $1.9 billion deal approved by European regulators last year, announced on Wednesday that it had sold EMI’s share of the long-running pop compilation series “Now That’s What I Call Music!” to Sony Music.