Warner Music Group CEO Stephen Cooper has forecast that the major labels' acquisition drive hasn't finished yet - and that more independent music companies will be swallowed up in the coming months.

Speaking last night, Cooper also indicated that Warner's own spending power wouldn't end at the £487m buyout of Parlophone Label Group last week - but was careful to clarify that the company won't simply swoop for companies in order to boost its market share.

Parlophone Label Group was ...