Capitol Records' Big Deal

The British music company EMI Group Plc announced Friday that its Capitol

Records subsidiary has purchased an additional 50-percent stake of Priority

Records LLC. According to Reuters, the $70 million purchase price bought what EMI described as a leader in urban and rap music that "has a

significant position in pop and rock compilations and soundtracks." Capitol

records first bought a 50-percent interest in the Los Angeles-based

Priority label in November 1996.

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