A PYMNTS Company

Senate’s antitrust subcommittee sets hearing date for Universal-EMI deal

By  |  June 11, 2012

The U.S. Senate’s antitrust subcommittee has set a hearing date of June 21 to consider Universal’s bid on EMI’s recorded music business. The European Commission is reportedly in the middle of drawing up its statement of objections on the transaction. The acquisition of EMI’s catalog, which boasts musical acts such as the Beatles and Pink Floyd, would give Universal a 40 percent market share. The result, some say, is higher prices for CDs and mp3s.

    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.

    Full content: Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Related content: A Presentation on Assessment of Market Power and Dominance (David Evans, Global Economics Group)

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