If Universal Music‘s plans to purchase EMI‘s recorded music department, the above (Katy Perry & Nicki Minaj) might just become label mates, marking one of the ‘grandest’ acquisitions to take place in label history.
However, in what many a critic saw coming a mile away, the European Competition Commission has objected to the deal, sending Universal a list of issues it has with the proposition.
A proposition, which will see Universal own 40% of the industry’s recorded music market.
Details below…