The EU will decide within the next month how to proceed with Sony’s request to take over the other half of the world’s largest publishing catalog.
Sony/ATV Music’s rivals have aired concerns with European regulators about the publishing giant’s move to acquire the Michael Jackson estate’s portion of the joint venture.
EU antitrust officials have a provisional deadline of Aug. 1 to decide whether to let Sony buy out Jackson’s 50 percent stake in the company, which owns the publishing rights of most Beatles songs, as well as music by Taylor Swift, Whitney Houston and others.
Reuters is reporting that both Warner Music Group and indie label trade group IMPALA have logged concerns with the commission, arguing that the buyout would make Sony/ATV too powerful in the publishing world. The EU’s top competition enforcer, Margrethe Vestager, can either approve the deal or call for concessions.
Full Content: Billboard
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI