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Universal, BMG Offer To Sell Publishing Rights: Source

Law360 (March 15, 2007, 12:00 AM EDT) -- Universal Music Group and BMG’s music publishing arm have offered to sell off portions of their music catalogs to appease European Union antitrust regulators and gain approval of their merger.

The companies offered to sell two of their major collections of hits – Zomba, which owns songs written for Britney Spears, and 19, which has the rights to the Spice Girls and other acts that were pushed by Simon Fuller, an unnamed source told the Associated Press.

While the European Commission had recommended the companies sell...
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