A PYMNTS Company

EU: EC set to rule on the Sony/ATV deal in August

By  |  June 28, 2016

The EU will decide within the next month how to proceed with Sony’s request to take over the other half of the world’s largest publishing catalog.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Sony/ATV Music’s rivals have aired concerns with European regulators about the publishing giant’s move to acquire the Michael Jackson estate’s portion of the joint venture.

    EU antitrust officials have a provisional deadline of Aug. 1 to decide whether to let Sony buy out Jackson’s 50 percent stake in the company, which owns the publishing rights of most Beatles songs, as well as music by Taylor Swift, Whitney Houston and others.

    Reuters is reporting that both Warner Music Group and indie label trade group IMPALA have logged concerns with the commission, arguing that the buyout would make Sony/ATV too powerful in the publishing world. The EU’s top competition enforcer, Margrethe Vestager, can either approve the deal or call for concessions.

    Full Content: Billboard

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.