The extensive catalog of rock giant Radiohead was purchased by Warner Music for $765 million from the Parlophone record label.
Parlophone was a subsidiary of EMI, which, given its recent indebtedness, was forced to unload some of its assets.
"It's going to make for a healthier, more competitive marketplace," Steve Greenberg, founder and chief executive of independent S-Curve Records, told Rolling Stone magazine.
"It enables them to have more of a seat at the table, and makes it less likely that someone can start a new version of Spotify - or something we haven't thought of yet - just with Sony and Universal."
Warner, which, according to Nielsen SoundScan, accounted for 20% of album sales in 2012, should now be in a better place to compete with its biggest rivals Universal and Sony following the transaction.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.