Universal forecasts £100m annual uplift from EMI buyout
Universal Music has publicly forecast for the first time the amount of extra revenue that will be generated by its £1.2bn buyout of EMI.
Universal parent Vivendi anticipates that the deal, which was approved in September by US and EU regulators, will bring in £100m of annual synergies once the merger is operationally complete.
"Management focus is currently on EMI integration, which is moving ahead at full speed," Vivendi CFO Philippe G. H. Caprone told investors last night. "We are ...
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