Universal Music CEO and chairman Lucian Grainge has addressed staff at his new combined music label following UMG's £1.2bn buyout of EMI Music.

In a leaked email from yesterday that you can read in full below, Grainge thanks staff at both companies for their "professionalism and hard work" in recent months.

Universal has now officially taken over the operation of much of EMI, whilst those areas of the business set to be divested - including Parlophone - are under temporary ...