Music Giants' Merger Goes I Pace Further

The BBC reports that the Mario Monti, the EU’s Competition Commissioner, is willing to permit Sony-Music and BMG to merge. The merger of the 2 music companies, whose artists include Aerosmith, Beyonce, Britney Spears, in addition to George Michael, would operate out 80% of the world’s music marketplace seat inward the hands of iv companies. However, independent tape labels convey objected, claiming that it volition Pb to the infinite available to them inward music shops beingness express in addition to ultimately, a narrower make of music beingness available to consumers. The merger yet has to hold out approved past times the US contest regime though.

hopes that the combined companionship volition apply the copyright that it holds wisely. He notes that BMG is behind Napster in addition to hopes that the merged companionship won’t hold out tempted to bound access to its portfolio to other online music providers.

EU Competition Commission here
More close the music concern here, here in addition to here