SMART BUSINESS MOVE!!!...DRAKE and his camp is only thinking of the future in terms of negative outlook for UNIVERSAL....
which according to Reuters, Billboard and the Wall street Journal is the NEXT LABEL ON THE CHOPPING BLOCK.....
UNIVERSAL has been struggling since it's 2 Billion dollar purchase of EMI last novemeber , shrinking the market share and reducing the number of major distributors to only 3... (Universal, Warner, Sony)
http://www.vladtv.com/blog/122888/universal-music-group-buys-emi-for-19-billion/
Now what was ONCE....WILL only be TWO EVENTUALLY...
because what Universal/Vivendi purchased was simply a "bad debt" ran into the ground by the celebrated hedge fund firm Terra Firma which in turn sold the debt to CITIGROUP which struggled to keep EMI afloat , amongst high overhead and lofty contract obligations to groups such as Coldplay which it could not meet.....UNIVERSAL thought from an idealistic perspective that EMI with it's legendary catalog offering i.e (Beatles, Black Sabatth, Depech Mode) could maintain some valueable equity..which was NOT the case at all.
So as a result in a sort of REVENGE bidding..WARNER is now seeking it's sights on the celebrated PARLOPHONE LABEL which was part of the EMI structure which Universal acquired...PARLOPHONE contains a significant portion of the BEATLES CATLOG which includes the infamous SGT. PEPPERS LONELY HEARTS BAND ALBUM.
This comes on the heels of WARNER losing a bid to purchase EMI which wound up in UNIVERSAL's favor.
Warner Music among nine groups vying for Universal's Parlophone: FT | Reuters
And a few other assets of the UNIVERSAL family which is up for grabs.....
Also consider the russian oil tyc00n that bought WARNER MUSIC GROUP for 3.3 Billion dollars in
CASH and has stregnthed it's liquid value by merging it with his financial conglomerate ACCESS INDUSTRIES in an attempt to strengthed it's market share after it's attempts to thwart the Warner/EMI deal was squashed by financial regulators.
that RUSSIAN is about to do Universal "BAD" like ALONZO in training day.
DRAKE camp made a great move......BABY should have listened to LYOR COHEN who recently resigned when he attempted to have CASH MONEY/YMCMB move thier operations over to WARNER.
Because it looks like big bad UNIVERSAL will no longer be a major in the future....