UNIVERSAL MUSIC TO BUY EMI FOR $1.9 BILLION

by on Nov.11, 2011, under NEWS

emi logo 580x280 UNIVERSAL MUSIC TO BUY EMI FOR $1.9 BILLION

 

The Big 4 record companies just shrunk to the Big 3 according to the Wall Street Journal’s sources. Citigroup is said to have agreeed to sell EMI Music to Universal for $1.9 billion while Sony is picking up EMI Music Publishing for $2.2 billion. All that’s left now is for the three companies to make it official sometime later today or over the weekend.

What that means for LeToya -if she’s even still with Capitol, a division of EMI?- That means that she will be now under one of the best record companies out there. Universal is home of labels such as Interscope (Black eyed Peas, Mary J Blige, Keyshia Cole, Lady Gaga, Keri Hilson), Island Def Jam (Rihanna, Mariah Carey, Kanye West, Ludacris), Universal Republic (Drake, Jessie J, Kelly Rowland) and more.
Now that the label situation is about to be sorted out, let’s hope she FINALLY releases her long awaited new music.

Source: Wall Street Journal

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