EMI to be sold to Russian billionaire after deal with Universal collapses

Len Blavatnik poised to pay $1.5bn for the last major British record label, home to the Beatles and ColdplayEMI, the record label that signed the Beatles, Pink Floyd and Coldplay, is likely to be broken up this week and sold to a Russian-born billionaire.The sale will mark the end of an era for UK music. EMI is the last major domestic music label and its record of signing homegrown talent has made it the unofficial home of British pop.EMI's other acts include Kylie Minogue, Kate Bush and Tinie T...

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