New WMG CEO Confirms Company's Opposition To UMG Purchase Of EMI

Stephen Cooper

On an earnings call with analysts, WARNER MUSIC CEO STEPHEN COOPER confirmed that his company will oppose UNIVERSAL MUSIC GROUP’s bid to buy EMI.

CMU DAILY reports, "The newish WARNER chief, put in place last year by newish owner ACCESS INDUSTRIES, confirmed statements made by his predecessor EDGAR BRONFMAN, JR. (NET NEWS 2/1), who said on his last day as WARNER MUSIC's Chairman last month, that the major would fight both UNIVERSAL's latest expansion bid and SONY/ATV’s plans to buy EMI PUBLISHING 'tooth and nail'."

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