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And then there were three.

Associated Press: "Universal, Sony/ATV to buy EMI for $4.1 billion"

I don't have much to say about this. Something like it has been expected for years. Does it change anything? I don't know. There are now only three majors, assuming the sale gets by the regulators. But are the majors bleeding dry anyway? And if so, what next?

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Frank Kogan

December 2025

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