/// Before Universal Bulks Up With EMI, It’s Going to Have to Play Small
What’s the future of EMI? The much-battered music company is supposed to be split in two , with a Sony-led coalition buying its publishing business for $2.2 billion and Universal Music Group buying the recorded music unit for $1.9 billion. But not so fast. Before we can get there, we need to review some history, then engage in some speculation. First, the past: Way, way back in 2000, EMI was supposed to merge with Warner Music Group. But the deal, which would have created a company that controlled 25 percent of the world’s music market, didn’t fly with European regulators.