EMI to be broken up, sold for $8 billion

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Mon, 14 Nov 2011 11:15p.m.

The Spice Girls (Reuters)

The Spice Girls (Reuters)

What do The Beatles, Cold Play and the Spice Girls all have in common?

They were signed by recording giant EMI.

But now, Britain’s most powerful music institution is to be broken up and sold for around $8 billion.

Some stars say it was the label’s inability to keep up with technology that lead to its demise.

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