EMI Chief Avoids Merger Palaver
EMI Group Plc chairman Eric Nicoli didn’t confirm any of the myriad rumors of possible merger plans for his music major at a media confab in Gotham Tuesday, but he didn’t try very hard to dispel them, either. The British label group – which has been twice spurned by European and U.S. regulators in its attempts to link up with rival majors – would benefit from the expanded scale and geographical reach offered by a combination, Nicoli said at UBS Warburg’s Media Week event. And the regulatory skepticism, while still significant, may have been diminished somewhat by the dismal performance… Read more »
