A PYMNTS Company

EU: Warner Music locks down Parlophone buyout

By  |  May 15, 2013

The European Commission has officially given its approval for music giant Warner Music to buy Parlophone Label Group. The deal, made for more than $740 million, will transfer Parlophone to Warner from its current owner Universal Music Group, the current leader of the world’s music labels. Universal had previously agreed to divest Parlophone as part of its agreement to buy EMI’s music recording branches for $1.9 billion. Current artists on Universal include Coldplay and Daft Punk.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Dawn.com

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.