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Friday, September 28, 2012

Grainge on Merger

MOVING FORWARD: UMG Chairman/CEO Lucian Grainge on today's completion of the company's $1.9 billion acquisition of EMI and the integration that lies ahead: “This is a next step towards ensuring the health of our industry. EMI is finally returning to people who have music in their blood. We are acquiring incredible labels and a roster of stellar talent, including top-selling artists like Katy Perry, Lady Antebellum, The Beatles and the Beach Boys. We remain true to our vision of investing in EMI, growing the company as a vibrant source of new music, offering consumers more choice and supporting the growth of online music services. I would also like to thank Roger Faxon and his team at EMI for their tremendous support over the last year and for staying focused on developing artists and delivering new music throughout this transition.” (9/28p)

 
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