EMI Music North America is making preparations to fold the Higher Octave label into Narada, sources say. Higher Octave, which was sold by Matt Marshall to EMI more than five years ago, was founded in

EMI Music North America is making preparations to fold the Higher Octave label into Narada, sources say.

Higher Octave, which was sold by Matt Marshall to EMI more than five years ago, was founded in 1986. At its peak, the label had annual revenues in the $12 million range, but in its most recent year it grossed less than $4 million.

Sources suggest that Friday will be the last day for a majority of the Higher Octave staff. However, one or two top executives, including co-founder Marshall and some of the accounting staff, will stick around to help complete the transition.

An EMI spokeswoman had no comment.

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