EMI Merges Capitol and Virgin

EMI, the number three major recording label in the world, announced today that they will be merging Capitol Records and Virgin Records in the U.S. to create the Capitol Music Group. This merger has wide-spread implications, but when you get down to it, the major music industry is having a bad seven years and is having a rather hard time adapting to the concept of digital downloadable music. Who knew?

For the full article from Reuters, click here.