MI2N
Music Industry News Network
FRIDAY, MARCH 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

The Underground Presents PLANETROX China 2015

Dramatic New Solo Piano Album Represents Several "Firsts" For Award-Winning Artist Fiona Joy And Cookie Marenco’s Blue Coast Music Group

On Easter Sunday 2015, The Light Will Shine In The Darkness

Meresha - 1st Ever World Music Premier On The #1 Social Media Startup Tsu April 7

Legendary Stax Guitarist Steve Cropper And Rock Newcomer Matt Miller Make Beautiful Music Together

Taiwan's Bearbabes Answer "How To Love" With Upcoming Performances

Aleynu. New Video From LENKA LICHTENBERG Is Upon Us!

Celebrate Music For Women's History Month With Taking Back Eden



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» Headliner Entertainment Expands Its Talent Platform
» Audyssey Music Player Now Integrates With Spotify
» UL Sounds Signs New Deals With Hennessy, Gatlin And Spyda The Boss
» Contest Alert: MR. GOSHNESS Teams Up With PureGrainAudio For Video Cover Contest
» SoundExchange, NPR And The Corporation For Public Broadcasting Ink Long-Term Agreement For Webcasting Royalty Rates
» Music For All Announces Staff Promotion
» Vocal And Instrumental Music Online Training Programs By GAALC
» THE UNDERGROUND PRESENTS PLANETROX CHINA 2015
» On Easter Sunday 2015, The Light Will Shine In The Darkness
» Indie Folk Duo March To May Sign With MTS Management Group


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

Articles
MUSICDISH E-JOURNAL
» Veteran Chinese Rocker Wu Tong Presents "Song Of The Sheng"
» Inner-Mongolian Indie Band Ajinai's World Tour Launches In Toronto
» 26th Annual Golden Melody Awards & Festival
» Toyota 'Feeling The Street' Global Street Music Campaign
» MusicDish*China Review: 'Chinese Kiss' From Chinese Music To Hip Hop
» JUE | Music + Art Presents Awesome Tapes From Africa
» Students, Musicians And Filmmakers Unite For The 'Take Me To The River' Education Initiative Launch
» ASCAP CEO Elizabeth Matthews Testifies For Senate Judiciary Subcommittee
» JUE | Music + Art Launches 7th Edition In Beijing & Shanghai
» Kenney Shiu Appointed New Director Finance & A&R At BMG China
» Dutch Indie-Rock/Modern Wave Band Atlantic Attraction Tours China
» The Seven Mile Journey Announces 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.