European competition regulators have given the green light to Sony/ATV, Sony’s music partner, who wants to buy up EMI’s publishing assets which are valued at over two billion dollars. The acquisition would give Sony over a quarter of the world’s …

Social networking site Bebo has partnered with Universal Music for an online drama set in the record labels London headquarters.

The series called "The Secret World of Sam King" will be made by Universal Music subsidiary Globe Productions, and independent production company Monkey Kingdom. The series revolves around an employee at Universal Music who secretly founds his own start-up label in the mailroom.