Tuesday, May 25, 2004

EC OBJECTS TO THE UNION: They're not saying why, but it looks like the European Commission is going to block the plans to merge Sony and BMG into one huge, evil music company, on the grounds that they'd strangle the market. The two huge record companies have got two weeks to respond to the EC's secret concerns, prior to a final decision on July 22nd. Although the coming together of the two labels would account for less market share than Universal's quarter of all sales, Sony's foot in the consumer electronics market could prove the regulatory kryptonite to the supercompany.

1 comment:

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