A PYMNTS Company

Universal receives statement of objections for EMI recorded music business bid

By  |  June 20, 2012

Universal Music Group has received a statement of objections from the European Commission regarding its offer for EMI’s recorded music business.  An initial market investigation indicated that the deal would have antitrust implications for both Member States and the European Economic Area as a whole. Following the merger, Universal would have high market shares in the wholesale of physical and digital music–the merged entity would be nearly twice the size of the second-largest player in the EEA–and increased market power.

    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.

    At this point, Universal and EMI can offer concessions to try to resolve the antitrust concerns set out in the statement of objections.

    Full content: Businessweek

     

    Related content: AT&T/T-Mobile: Does Efficiency Really Count?

     

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