It strikes me as hubris that Universal will buy EMI. What it will do is create a super-major that will have far too much power... I think when Universal goes up over 40 percent market share, I don't see how reasonable regulators can countenance. It will impact not just labels, but artists and cultural diversity.

The first step in this diversification was the widely criticized sale of Seagram's stake in DuPont. The investment group which has owned the company since 2004 was said to have received a positive return on its investment. He produced the unsuccessful film The Border which starred Jack Nicholson.

(born May 16 1955) is an American businessman who served as CEO of Warner Music Group 2004 to 2011 and as Chairman from 2011 to 2012. Edgar Miles Bronfman Jr. In May 2011 the sale of WMG was announced; Bronfman would continue as CEO in the transaction.