Blog: Crazed Hits

European antitrust regulators are expected to approve the acquisition of EMI Music Publishing , which was lead by Sony/ATV . The combined publishing assets will account for 31 percent of the business, making it the clear leader in the industry. A confidential report obtained by The New York Times says Sony/ATV will lay off about 60 percent of EMI Music Pub's staff within two years, as part of $70 million in annual savings. Sony/ATV Chairman/CEO, Marty Bandier , issued the following statement about two hours ago in regards to the layoff [...]