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Katy Perry, an EMI artist under the Parlophone/Capitol record label.
EMI — considered one of the four major labels in music along with Universal, Sony, and Warner Bros. — is expected to be split into two and sold to Universal and Sony.
The potential purchase would result in Universal controlling as much as 50 percent of the music market in some parts of the world. Regulators in the United States and the European Union are looking into potential antitrust issues, and the impact that it could have on consumers. Host David Wright talks to Ben Sisario, who writes about the music industry for The New York Times.
The total cost to purchase EMI is expected to be $4.1 billion. Universal would get the recording division of EMI for $1.9 billion, and Sony would pay $2.2 billion for EMI’s publishing division which is in charge of songwriting copyrights.
Ben Sisario covers music and culture for the New York Times.