Independent labels challenge Sony-BMG merger Matt Lubniewski at 1:14 PM ET
[JURIST] Impala, an organization representing 2,500 independent music companies, announced Wednesday that it would ask the EU's high court to overturn a decision allowing the merger of industry giants Sony and Bertelsmann (BMG). The merger, approved by EU regulators in July, and not opposed by the US FTC, would result in 80% of the world's music rights being owned by four large companies. Impala says the merger is antithetical to the principles of a competitive market. Impala is expected to file an appeal this month at the EU's Court of First Instance in Luxembourg. AP has more.
Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.