Reports: Warner Music to be slashed
mainThere was little surprise when Edgar Bronfman Jr stepped down yesterday as Warner Music chairman after failing in his umpteenth bid to buy EMI. New investor Len Blavatnik 
is said to be ‘apoplectic’ about the defeat.
Now, faced with just two majors in Universal and Sony, little Warner looks a lot less viable. Immediate prospects are for the labels to be stripped of excess executives and artists. Next stage: sale or rent, room to let 50 cents.
I’ve got a quiet and queer feeling that Sony might take Warner at some point in time. Maybe Sony might want to be on an equal footing with the larger Universal-EMI combination.
Music labels are starting to sound a lot like the telecomm. industry – I would not be surprised to hear Sony or Universal bidding for Warner.