UMG-EMI Divestment Package Revealed: Universal to Keep the Beatles

From Billboard:

A source close to the situation told Billboard.biz the contents of the divestment package submitted today by Universal Music Group for its proposed acquisition of EMI’s recorded-music division to the European Commission. If accepted, it will put a bounty of properties on the market.

The contents of the package – all of which are only for Europe — include: Parlophone minus the Beatles, Chrysalis minus Robbie Williams, Ensign, Mute, Sanctuary (UK only); EMI Classics, two jazz labels, Jazzland (Norway) and MPS (Germany). EMI European businesses including France, Belgium, Czech Republic, Norway, Poland, Portugal and Sweden; Universal Music’s small Greek operation; Also, Universal promises not to bid to renew its European licenses for the Disney, Hollywood, Ministry of Sound and Restos du Coeur labels.

The company is also divesting European rights to the Pink Floyd and David Guetta catalogs, and EMI’s share of the “Now That’s What I Call Music” franchise.

Among the enormous number of catalogs on offer, Parlophone’s roster on offer includes Coldplay, Radiohead, Gorillaz, Blur, Kylie Minogue; Chrysalis includes Blondie, Pat Benatar and Jethro Tull; Mute’s catalog includes Depeche Mode and 30-plus years of releases.

Continue reading the rest of the story on Billboard