The EMI/Time Warner merger has
gone
down the toilet, sunk by EC competition regulations. Which probably
means that EMI will be snapped up by BMG or someone within a year or two.
In any case, rather than having four gigantic corporations controlling
everything, we have five, the results of a decade of mergers and acquisitions
which, as pop svengali Pete Waterman (of all people) explains in RealAudio,
is freezing out smaller competitors and resulting in
severe
stagnation in the music industry.