According to Music Week, the cogs are now in motion for what could be the biggest music deal in history, The New Zealand Commerce Commission are the first to approve the 1.9 BILLION pound take over of EMI by their rival big label Universal.

Despite fierce opposition from other major players such as Warner the deal was given the green light in New Zealand "The NZCC undertook a very thorough investigative process under chairman Dr Mark Berry, working with our legal team and with Universal Music New Zealand managing director Adam Holt." while Universal chief Lucian Grainge will stand in front of the US senate later today to present their case for the proposal.