The Big Get Bigger

Universal Music has announced plans to acquire Dreamworks Records, in yet another music industry consolidation seen to represent the desperation of many companies in the struggling recording business. “The music business is currently going through major changes as it struggles to counter falling sales and the impact of unofficial online music sales. Last week, Sony Music – the second-largest music company – said it was planning to merge with Bertelsmann. EMI and Warner Music have also been in talks about a possible merger.”