News
BMG-EMI Merger Falls Apart
Bertelsmann’s planned merger with British music giant EMI is expected to be scrapped shortly, highly placed sources close to the action reported yesterday. Official word of the nixing of a BMG-EMI joint entity will likely come from the congloms in the next couple of weeks. Surprisingly, the companies dropped plans for a merger before a finalized proposition was even formally presented to the EU regulatory board for approval. In an attempt to make the BMG-EMI deal happen, sources said, Clive Calder and his Zomba/Jive Records were going to play a major role in solving some of the monopolistic concerns raised… Read more »
