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Forums - Music techology
Subject: Court overturns EC's Sony BMG merger dec
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Original Message 1/1 13-Jul-06 @ 05:02 PM - Court overturns EC's Sony BMG merger dec
The Court of First Instance has rocked the music industry this morning by declaring that the European Commission was wrong to allow Sony and BMG to merge in 2004. The move now puts in doubt whether Sony/BMG can continue as a merged entity and will also throw EMI and Warner’s plans to combine – something they assumed would be a formality – into jeopardy.
A spokesman for the Luxembourg-based court says the 100-plus page judgment effectively declares that the “Commission failed to provide enough evidence to back up the reasons for allowing the merger in the first place".
A spokesman for the Luxembourg-based court says the 100-plus page judgment effectively declares that the “Commission failed to provide enough evidence to back up the reasons for allowing the merger in the first place".
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