EMI Group has reportedly held early-stage talks with rival record labels, including Warner Music...

|About: Warner Music Group Corp. (WMG)|By:, SA News Editor

EMI Group has reportedly held early-stage talks with rival record labels, including Warner Music Group (WMG) and Sony Music (SNE), to license its music in North America. A five-year licensing deal could bring in up to £100M ($150M) per year, and EMI desperately needs some cash to avoid being taken over by lender Citigroup (C). (previously)