EMI looking to license catalogue to Universal

The EMI Group is currently in discussions with Universal Music to distribute their extensive back catalogue in North and South America. If completed, the deal would give Universal more than 40% of the music market, with Sony at around 25%. For a cash payment of around $300 million, Universal would gain access to a catalogue that includes Goldfinger, Less Than Jake, Jimmy Eat World, The Specials, Fluffy, The Vines, Reel Big Fish, Amen, Body Count, Verbena, Radiohead, OK Go, Yellowcard, Mando Diao, Stiff Little Fingers, Iggy Pop, Ima Robot, Courtney Love, Crowned King, Beastie Boys, Squad Five-0, The F-Ups, The Libertines, Relient K, 30 Seconds To Mars, Saosin, The Living End, Everclear, We Are Scientists, Flashlight Brown, Over It, Phoenix, The Red Jumpsuit Apparatus, The Good, The Bad and The Queen, LCD Soundsystem, Jamie T., The Starting Line, The 101'ers, The Decemberists, Public Image Limited, Foo Fighters, Lily Allen, The Stooges, Depeche Mode, You Me at Six and many others.

The report comes from Wall Street Journal.