Universal/EMI: Domino welcomes Grainge offer

The founder of Arctic Monkeys and Franz Ferdinand house Domino Records, Laurence Bell, has become the latest senior independent label exec to welcome Universal's divestment plan related to its £1.2bn bid for EMI.

A previous cynic to the deal - who rallied against it publicly in Music Week magazine during February - Bell has today applauded Universal chief Lucian Grainge's multi-million pound concessions offer to the independent sector.

He joins the likes of Mute's Daniel Miller, PIAS's Kenny Gates ...

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