MI2N
Music Industry News Network
FRIDAY, FEBRUARY 27TH
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Business News (more headlines) 01-13-2013

Independent Music Companies Ask EC To Investigate EMI Divestment Processes By Sony And Universal

Bookmark and Share
As Sony and Universal advance with selling off assets as part of the EC's approval for the acquisition by the two market leaders of their former rival EMI, European independents confirmed today that they have asked the EC to intervene.

The trade body IMPALA has asked decision makers in Brussels to make sure the outcome promotes competition and does not strengthen the duopoly that exists between Universal and Sony.

The news comes as reports circulate this week that Sony and BMG, who are already understood to share a close working relationship, made a joint bid for Parlophone and other Universal/EMI assets. BMG was Sony's choice of buyer for the publishing catalogues Virgin and Famous, with the deal announced on the same day as BMG was declared the buyer of Mute Records from Universal.

These facts are expected to raise alarm bells with the European regulator, who is responsible for reviewing the sale processes and deciding whether these deals meet strict criteria set by the EC to ensure the divestments have the desired effect. Any irregularities could turn the procedure into a full blown investigation.

Universal and Sony were allowed to buy EMI on the basis that the divestments they make would compensate for the reduction in competition in an adequate way. Strict rules apply to make sure this happens. First, the purchaser must have no connections to the seller. Second, the seller must not benefit from the divestments or re-acquire any market influence over the assets. Third, the divestment must not raise any competition concerns (which rules out any Sony involvement in bids). Any breach of these conditions or other irregularity, or any result which protects the position of Sony or Universal, whether co-ordinated or otherwise, is forbidden and would be blocked by the EC.

Helen Smith, Executive Chair of Impala said: "Our position from the start has been that music must not be allowed to become a "two horse race" and making sure the independents are able to compete effectively is crucial. All interested companies should be treated equally as bidders for any assets to be sold off. Properly strengthening the independents should be part of the outcome. The divestment processes must not be conducted in a way that simply comforts the market leaders' view of how competition should, or should not, develop."

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

MusicDish Review: Marilyn Music Single "Smoke And Mirrors"

Andre Xcellence! & American Commission Release The Official Video For "Game Of Thrones"!

Anouschka Bridges African Pop With Western Songwriting

GRAMMY Gold For Rob Chiarelli

Soundizers Announces The Release Of StereoMonoizer

Free Eventide Looper For All H9 Owners For Limited Time

Robert Kramer Releases "Branded" For Valentines Day

Cosmopolitan Country Artist Rhea Francani Releases Debut EP



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» UK Music Launches Industry Manifesto
» Soundizers Announces The Release Of StereoMonoizer
» Warner Music Group Total Revenue Grew 7% On A Constant-Currency Basis
» Music Composers Play Major Role In Canada's Film And TV Industry
» The Bobby Bones Show To Bring Ask Anything's Fan-Driven Artist Chats To Country Music Fans Nationwide
» A Proper Appointment: Ginny Cooper Joins Proper Music Distribution
» Fans Empowered To Support Musicians Directly With PIZICATO
» Popular Songwriter Contest NASHVILLE RISING STAR Starts March 4TH
» Anouschka Bridges African Pop With Western Songwriting
» Former Westlife Star Markus Feehily To Launch Solo Career Via KLS


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» China Arts Foundation International 2nd Annual Chinese New Year Gala
» Avent Studio: A Touch Of Beijing Art In NYC
» Hampton Hotels Leverages Music And Emotion
» Ebook And Music Downloads Stagnate While Mobile Games And Videos See Strong Growth
» BakerHostetler Files Copyright Infringement Complaints For Freeplay Music Against Multi-Channel Networks
» Tim Lies Releases Chengjsihan Song For Chinese New Year
» CISAC Releases 2015 Global Collections Report
» Lauren Ceradini Joins Capitol Music Group As Vice President Of Publicity
» Asian Song Placements On Colectivo Bunka Compilation By MusicDish
» Sanlitun's FUBAR: The Latest Entry In Beijing's Live Music Scene
» Excellent Eclectic Night At Beijing's Underground Showcase
» Red Bull Music Academy Sessions Kicks Off China Tour

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2015 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.