This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business News Deals EMI Sale Timeline Labels & Publishers Top Stories
Martin Mills positive about sale of Parlophone to Warner
By Andy Malt | Published on Thursday 7 February 2013
Beggars Group chief Martin Mills – one of the most vocal critics of Universal’s acquisition of the EMI record labels – has said that the sale of Parlophone Label Group to Warner Music Group is “the best result”.
Mills told CMU: “Warners winning this is the best result for the market, given the [European] Commission’s expressed desire to create a countervailing force to the established duopoly of Universal and Sony. We trust that direct benefits to the independent label sector and the artist community will flow from it”.
As previously reported, Parlophone Label Group, the company formed to control those EMI businesses Universal was forced to put up for sale by competition regulators last year, was sold to Warner Music for £487 million earlier today.
