Zelnik: Universal/EMI divestments must not benefit majors

IMPALA co-president Patrick Zelnik has told Music Week that independent labels must ensure divestments from Universal's proposed £1.2bn takeover of EMI don't fall into the hands of majors or private equity funds.

Zelnik famously spoke out over his support for the deal last week - so long as the right concessions make their way to the independent sector. This revelation followed an internal IMPALA meeting which saw over 50% of the board vote in favour of Zelnik's proposals.

When asked ...

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