The Warner Music Group, the smallest of the three remaining major record companies, said on Thursday February 7, 2013 that it had reached an agreement to pay $765 million for the Parlophone Label Group, a collection of EMI assets that includes artists like Coldplay, Pink Floyd and the Beach Boys.
The sale was mandated by European regulators as part of the Universal Music Group’s $1.9 billion purchase of EMI last year. MORE HERE
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