Vivendi SA’s Universal Music Group sold its European rights to the Now! compilation series to Sony Music Entertainment in the final step of the asset sales required by regulators to approve its purchase of EMI Group.
Apple Inc. signed a cloud-music licensing deal with EMI Group Ltd. and is close to completing agreements with Universal Music Group and Sony Music Entertainment, CNET reported, citing multiple music industry officials it didn’t identify.
Sony Corp. and the world’s major record labels, are starting their own music streaming service in the U.S. this quarter that will challenge Apple Inc. ’s iTunes, after years of letting start-ups license their artists.
Doug Morris , chairman of Universal Music Group, is seeking an early end to his contract from parent Vivendi SA in order to join Sony Music Entertainment, three people with knowledge of the situation said.