A PYMNTS Company

ComCom gives Universal the go-ahead for EMI’s recorded music business

By  |  June 21, 2012

The New Zealand Commerce Commission has granted clearance for Universal’s bid for EMI’s recorded music business, to the extent that the acquisition affects New Zealand markets. In the markets for the discovery and recording of artists, and the promotion and distribution of recorded music, the Commission found that other labels provided strong competition to the merged entity. For the market for the wholesale supply of recorded music, and the market for licensing of recorded music to third parties, large retailers would be able to impose constraints through restricted access to promotions or shelf space.

Full content: NZ Commerce Commission

 

Related content: Price Theory and Merger Guidelines

 

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