"For me, as an Englishman, EMI was the pre-eminent music company that I grew up with, " said Universal Music chairman and chief executive Lucian Grainge.
BBC: EMI sells music unit to Universal for ?1.2bn
2.
Elsewhere in the music industry Wednesday, Universal Music Group will have a new chief executive, as Vivendi announced that Doug Morris would hand over the reins to new CEO Lucian Grainge on Jan. 1, 2011.