Biggest gets bigger.The world's largest record label - Universal Music - has agreed to buy Dreamworks Records DreamWorks Records was an American record label active from 1996 to 2005. In 1996, six years after David Geffen sold Geffen Records to Mushroom Records, he joined Steven Spielberg and Jeffrey Katzenberg to form DreamWorks SKG, which included the subsidiary DreamWorks Records. . Dreamworks, which covers artists including pop singer Nelly Furtado  This page is currently protected from editing until disputes have been resolved. and the band Papa Roach, is the latest company to be taken over as
consolidation increases in the embattled sector.
Last week, Sony Music - the second-largest music company - said it was planning to merge with Bertelsmann. EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. and Warner Music have also been in talks about a possible merger. The value of the latest deal is estimated at around pounds 60m. Dreamworks Records is the music unit of the Dreamworks entertainment company which was formed in 1994 by film and music moguls Steven Spielberg, Jeffrey Katzenberg and David Geffen. Mo Ostin, principal executive at DreamWorks Records, said: "Despite the challenges of the business, Universal is acquiring a wonderful asset. The sale means the strongest possible future for our artists." |
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