TITLE

Euro indie music rep wants Sony BMG approval nixed

AUTHOR(S)
Bennett, Ray; Taylor, Joel
PUB. DATE
December 2004
SOURCE
Hollywood Reporter -- International Edition;12/7/2004, Vol. 386 Issue 43, p78
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that European independent music group Impala has appealed the European Commission's (EC's) decision to approve the merger between music giants Bertelsmann Music Group Inc. (BMG) and Sony Music. The EC approved the merger of the two companies as Sony BMG Music Entertainment in July without imposing any conditions. It ruled that the merger would not harm the international music market and that Sony BMG's combined marketing muscle did not represent an unfair monopoly. But Impala, which represents 2,500 independent labels across Europe, is looking to overturn that decision, arguing that the Sony BMG deal violates European anti-cartel law and represents a threat to European culture and consumer choice.
ACCESSION #
15431130

 

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