Thursday, October 12, 2006

It’s the sound of music...

IIPM MANAGEMENT INSTITUTE
Vivendi’s Universal Music has finally struck the right notes by agreeing to buy Bertelsmann’s BMG music publishing for $2.1 billion. This will make Universal the world’s largest seller of recorded music and also the leader in music publishing. The merger is subject to the approval of the US and European regulators. BMG owns more than one million copyrights for recording of various artists. This deal also sees the settlement of a legal dispute for Bertelsmann, who was sued by Vivendi over the Napster issue. Vivendi has agreed to settle the dispute though.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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