BACK2THEFRESH (EX) They say record labels don’t understand the market. Well you know both Universal (The worlds Biggest Record Label) and Warner (The Worlds Only Publicly Traded Record Label) are both owned by two companies outside of music. Universal is owned by Vivendi, and Warner is owned by Access Industries. These two are both billion dollar companies that don’t have any artist apart of them who really knows whats going on 1st hand. I mean the common denominator they both have is Edgar Bronfman Jr. Read IMAGINE UNIVERSAL WARNER to find out why. But from the looks of this article Analysis: Key to Universal-EMI decision: Has music business lost control?, it looks like he’s sticking to his guns. Big music business. Top of the line.