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Submission EMI is Dead. Will Apple Swoop Publishing Rights?

Hodejo1 writes: Yesterday, Citigroup foreclosed on EMI Group, ending the 80 year run of the smallest of the major labels. With no desire to run a record company Citigroup will presumably sell off the assets piecemeal with the labels vast array of publishing rights being the most valuable prize. As ex-Creation Records head Alan McGee told NME "Their publishing catalogue is still worth a lot of money, but unfortunately these days no f**ker wants to buy a record company". With the other major labels facing financial issues themselves some see this as a ripe opportunity for Apple to snare the publishing rights for iTunes at distressed prices and keep the checks it now sends to EMI. Google Music might have similar thoughts.

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