Coldplay, Pink Floyd and Kylie Minogue to Be Dropped From Label

Coldplay, Pink Floyd and Kylie Minogue are to be dropped by their label.

Troubled British record company EMI is undergoing a takeover by Universal Music Group, and the European Commission ruled today it can go ahead on condition it sells off most of its smaller record labels.

Acts who will now find themselves without a parent label include David Guetta, Tinie Tempah, Gorillaz, Cliff Richard, David Bowie, Tina Turner and Duran Duran, who are all signed to Parlophone. Chrysalis - home to Depeche Mode and Moby - will also have to go, as will Mute, home to the Ramones and Jethro Tull.

One act EMI will be keep are The Beatles, a hugely lucrative band, who still sell millions of albums even though they split in 1970.

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Mix Tape: More Money for Eminem, More Football for Faith Hill

-Eminem’s publishing company is owed money by Universal Music Group, according to the U.S. Court of Appeals. It was ruled that UMG needs to pay royalties for iTunes purchases and ringtone sales.

-Musical performers will help kick off the official start of football season. On September 9, Taylor Swift and the Dave Matthews Band will perform in New Orleans prior to the Minnesota Vikings/New Orleans Saints game. The pregame show will air on NBC and the NFL Network.

-Speaking of football, a familiar voice will sing us into the Sunday evening battles. Country star Faith Hill has been chosen to once again perform the “Waiting All Day for Sunday Night” theme song. Faith has had that gig since 2007.

-The boys of New Jersey may soon take over Las Vegas. Bon Jovi is reportedly “excited” by a multimillion-dollar offer to take up residency at one of the area hotels.

Gallery: Mix Tape: More Money for Eminem, More Football for Faith Hill