EMI-Universal deal approved

EU and US regulators have approved the takeover of UK music firm EMI by Universal Music, but it must sell some of the firm's most valuable labels.

The European Commission said Universal would have to sell off assets including the Parlophone label, home to artists such as Pink Floyd and Kylie Minogue.

The £1.2bn ($1.9bn) takeover of EMI was announced in November.

Brian Milligan reports.

Music videos courtesy Parlophone, EMI

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