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Universal cements music publishing lead
Universal Music’s publishing division has overtaken EMI as the world’s leading major music publisher, according to market research on Monday. Music & Copyright (M&C), which is published by Informa said Universal’s market share among major music groups rose to 24 percent in 2007 from 11.9 percent a year earlier. Over the same period, EMI’s music publishing share remained steady at 17 percent. Independent publishers account for around one third of the global market. EMI was bought by private equity firm Terra Firma, which earlier this month announced plans to cut up to 2,000 jobs at the music company as part… Read more »