BUSINESS
01/31/2012 04:47 EST | Updated 04/01/2012 05:12 EDT

Outgoing Warner chair Bronfman calls Universal, Sony purchase of EMI 'dangerous'

DANA POINT, Calif. - Outgoing Warner Music chairman Edgar Bronfman Jr. says the proposed purchase of British recording company EMI by recording rivals Universal Music Group and Sony/ATV is "dangerous" and must be stopped by regulators.

Bronfman told a technology conference that the combination of EMI's recorded music division with Universal's as well as its publishing unit with Sony/ATV's would create overly dominant global players that could harm new digital music platforms and crimp payments to artists.

Vivendi's Universal and Sony Music's Sony/ATV announced in November that they would split EMI in two and purchase the parts for $4.1 billion combined.

Bronfman says Warner would actively fight to stop the deal.