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A BIG PIECE OF PIE: In the same story, Enders Analysis said this week that the European Commission and Federal Trade Commission will likely to require UMG to dispose of some labels as a condition of clearing the recorded music deal, and that Sony’s enhanced power over digital licensing could attract regulatory scrutiny in Europe. Universal and Sony are expected to make submissions to regulators early in 2012, and several industry members expect Warner to lobby overtly or behind the scenes for conditions to be imposed on the two buyers. Enders calculated that the transactions could give Universal 41% and 47% of the U.S. and U.K. recorded music markets respectively, and would give Sony’s two music publishing ventures combined revenues of $1.26 billion, well above Universal’s $903m and Warner/Chappell’s $545m. (12/9a)