Since its acquisition by Universal Music Group, during the purchase of multinational major EMI in 2012, the future of 'standalone' label Parlophone has been somewhat uncertain. If we cast our minds back a number of months, we easily recall the fierce resistance put up by independent labels and artists alike to the acquisition of EMI by Universal Music Group, but with the signing over of Parlophone to Warner Music Group no such thing was seen.
With such serious debate seen before, on the surface it would appear confusing as to why this didn't happen again, especially considering it owns some serious artist and catalogue real-estate in many european countries. However, it was known that Parlophone was to be sold for a long time, following the divestment sanctions that EU regulators put on Universal after its purchase of EMI. In addition to this Warner is significantly the smallest major in a playing field of three. Perhaps in the hands of Warner we can trust that it will treat the label with respect and include ethics in a different and turbulent financial ball park where in these tough times 'money rules all'.
With Parlophone being a label which impressively caters for the likes of Coldplay, Blur, Canor Maynard, Kylie, Tinie Tempah, David Guetta, Eliza Doolittle, Sigur Ros, Gorillaz, LCD Soundsystem, and many more, it is likely that Warners purchase will lead a multinational reprisal of ethical combat where Sony and Universal Music Group are seemingly using mergers as a method of positive financial trend setting.
Since its acquisition by Universal Music Group, during the purchase of multinational major EMI in 2012, the future of 'standalone' label Parlophone has been somewhat uncertain...