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Blavatnik picks up Parlophone assets
Label seeking $820 million loan, will re-brand classical music approach
The music executive has worked at both EMI and Sony previously
BMG in process of re-building their music assets
The legendary UK label has been acquired in an all cash deal.
A new head for the label will be appointed soon
Label being integrated into Universal
Retrenchments expected as company is merged into Universal
Label to report to Universal's George Ash until replacement is found
Indie label lobby group ask Euro Commission to step in