Independent labels challenge Sony-BMG merger

[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.

 

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