Bronfman: UMG, Sony purchase of EMI 'dangerous' - WAOW - Newsline 9, Wausau News, Weather, Sports

Bronfman: UMG, Sony purchase of EMI 'dangerous'


DANA POINT, Calif. (AP) -- Outgoing Warner Music chairman Edgar Bronfman Jr. says the proposed purchase of British recording company EMI by recording rivals Universal Music Group and Sony/ATV is "dangerous" and must be stopped by regulators.

Bronfman told a technology conference that the combination of EMI's recorded music division with Universal's as well as its publishing unit with Sony/ATV's would create overly dominant global players that could harm new digital music platforms and crimp payments to artists.

Vivendi's Universal and Sony Music's Sony/ATV announced in November that they would split EMI in two and purchase the parts for $4.1 billion combined.

Bronfman says Warner would actively fight to stop the deal.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

APNP-01-31-12 1604CST

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