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ASSOCIATED PRESS Eric Clapton (on album cover right) and Michael Buble (left) record for Warner Music Group Corp., which is being sold to Access Industries, owned by Lee Blavatnik, for $1.3 billion. Mr. Blavatnik had about a 2 percent stake in Warner already.

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Edgar Bronfman Jr. will remain CEO at Warner Music after the sale.

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CORRECTION France Viv_Thir.jpg

A French court on Friday, Jan. 21, 2011, convicted and fined Warner Music Group chairman and CEO Edgar Bronfman Jr. for insider trading. (AP Photo/Mark Lennihan, file)