EMI; Warners; the very latest rumours straight from Wall Street...

Thursday, 16 March 2006

Within days EMI will announce it is buying Warners from Edgar. Lyor out in America but Warners remains the US outlet; EMI to be merged into it. And guess what? Roger Ames goes back over to run the States. Virgin remains under Flom. In the UK - bye bye Warners. EMI takes over for rest of the world. That's the plan for Levy and Munns. Or so we hear.