Friday, November 11, 2011

Citigroup Splits/Sells EMI

Most people anywhere in the world will not see, or comprehend the enormous scope of this deal.

Universal Music gets the Artists, and Sony gets the copyrights to all that has gone before. I think Sony wins this one.

To quote the Sex Pistols 30+ years ago, "Goodbye EMI". I guess Citi needed some cash? The ripples of this will go on for decades.

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