A PYMNTS Company

Senate’s antitrust subcommittee to hold hearing on Universal-EMI deal

 |  May 14, 2012

The Senate Judiciary Committee’s antitrust subcommittee, chaired by Senator Herb Kohl (D-Wis.), plans to hold a hearing, likely this summer, on Universal’s plan to buy EMI’s recorded music business. The $1.9 billion deal would bring Universal’s market share up to 40 percent. Critics of the acquisition say that the acquisition will give Universal too much power to raise prices, with potential anticompetitive conseqences in digital music outlets. The deal is currently under scrutiny by the FTC.

Full content: Reuters


Related contentStarr v. SONY BMG Music Entertainment: The Second Circuit’s Misapplication of Twombly in a Section 1 Sherman Act Conspiracy Case Alleging Parallel Conduct (Kenneth Logan & Jonathan Youngwood, Simpson Thacher)


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