NEWS: EMI merges Virgin and Capitol

The World EMI Group has fused Capitol Records with Virgin Records to form yet another super-label under the name Capitol Music Group. EMI has owned both of these labels for a while but they have both worked independently in the past. The group will keep both label names but the entire management group will be reworked by EMI promoting Virgin CEO Jason Flom to chief CEO over the group and releasing Andy Slater along with other executives. The merging is due to the state of concern over dropping sales in the digital era. More can be read at Variety about the change. I'm unsure how this will help solve the problem but at the same time there are few foreseeable ways to stem the problems large labels are facing considering DRM techniques are alienating more than they are unifying and physical sales constantly dropping.