MUSIC GIANTS' MERGER GOES ONE STEP FURTHER


The BBC reports that the Mario Monti, the EU’s Competition Commissioner, is willing to allow Sony-Music and BMG to merge. The merger of the two music companies, whose artists include Aerosmith, Beyonce, Britney Spears, and George Michael, would leave 80% of the world’s music market in the hands of 4 companies. However, independent record labels have objected, claiming that it will lead to the space available to them in music shops being limited and ultimately, a narrower range of music being available to consumers. The merger still has to be approved by the US competition authorities though.

The IPKat hopes that the combined company will utilise the copyright that it holds wisely. He notes that BMG is behind Napster and hopes that the merged company won’t be tempted to restrict access to its portfolio to other online music providers.

EU Competition Commission here
More about the music business here, here and here
MUSIC GIANTS' MERGER GOES ONE STEP FURTHER MUSIC GIANTS' MERGER GOES ONE STEP FURTHER Reviewed by Anonymous on Sunday, June 20, 2004 Rating: 5

1 comment:

All comments must be moderated by a member of the IPKat team before they appear on the blog. Comments will not be allowed if the contravene the IPKat policy that readers' comments should not be obscene or defamatory; they should not consist of ad hominem attacks on members of the blog team or other comment-posters and they should make a constructive contribution to the discussion of the post on which they purport to comment.

It is also the IPKat policy that comments should not be made completely anonymously, and users should use a consistent name or pseudonym (which should not itself be defamatory or obscene, or that of another real person), either in the "identity" field, or at the beginning of the comment. Current practice is to, however, allow a limited number of comments that contravene this policy, provided that the comment has a high degree of relevance and the comment chain does not become too difficult to follow.

Learn more here: http://ipkitten.blogspot.com/p/want-to-complain.html

Powered by Blogger.