The recording industry is getting to be centralized as EMI has been sold off to both Sony Music and Universal, thus eliminating four down to three. Which means music is going to suck even more as we count the clock down to music Armageddon.
It also going to mean that EMI overseas is going lose a lot more jobs as Universal tries to cut down costs and of course making the fat cats who invest in Wall Street richer again. If the merger goes through, Universal will then control about 37 percent of the music that had been recorded. Sony Music will get the publishing side of things.
This sounds like a merger that may not go through if there's proof of a monopoly taking place. It did happen when the Commission blocked Warner Music Group's offer in around 2000. Nevertheless Sony Music will make out like a bandit due to EMI's extensive and lucrative back catalog.
Still the merger and sell off needs to be approved and the deal might not go through. But then again, stranger things have happened in the music industry. But as i said before, mergers never help anybody but share holders and board of directors. After 80 years EMI is no longer an independent. And it's not all the better for it.
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