January 2000
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January 2000
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EMI plans to merge with Warner music 24 January 2000 With another ineluctable tick of the global gentrification machine, England’s EMI, the largest independent record company, plans to merge with Warner music to create the planet’s biggest music conglomerate. The news follows Warner’s merger with America Online along with parent Time-Warner. The resulting entertainment behemoth would carry the likes of The Beatles, The Rolling Stones, Robbie Williams, Madonna, Eric Clapton, and The Spice Girls, and would be staged to define how that music gets distributed and promoted in stores and online. EMI—which encompasses Virgin, Priority, and Capitol—expects to fire as many as 3,000 employees as a result of the merger. When Seagrams swallowed Polygram last year, hundreds of bands were dropped. | BBC story | | top of page | |
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