You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Universal Music to sell Coldplay label to Warner

LOS ANGELES — Universal Music Group is selling Parlophone — the label of acts like Coldplay, David Guetta, and Radiohead — to Warner Music Group for $765 million. It’s the largest chunk of assets European regulators demanded be sold when Universal bought EMI last year for $1.9 billion.

Universal, a unit of Vivendi SA, sold EMI’s Mute Records, the home of Depeche Mode, to BMG for about $16 million in December, and it must sell other smaller labels to fulfill its obligations to antitrust authorities.

Continue reading below

But the world’s largest recording company is keeping key acts from the EMI roster, including The Beatles and Swedish House Mafia. Unwinding the smaller labels will leave the business dominated by three recording groups: Universal, Sony Music Entertainment, and Warner Music.

When subtracting proceeds from the sales, Universal will have spent around $942 million to acquire EMI’s recording operations in the three largest markets: the United States, Japan, and Germany.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of