Sony BMG Merger Still Under Scrutiny
"The European Parliament continues to seek further scrutiny of the Sony BMG merger, although the major has since demerged and will officially be renamed Sony Music Entertainment in 2009.
EC Commissioner for competition Neelie Kroes has six weeks to provide a written explanation regarding competition in the music market.
Independent labels trade body Impala is also continuing its campaign against the merger and its appeal will be heard in Europe next year. Impala objected to the buy-out of Bertelsmann's stake by Sony BMG, which was approved by the European Commission in September. However, Impala will not launch a new appeal over the buy-out, preferring to focus on the original merger ruling in response to the indies' concerns about market concentration. Sony BMG declined to comment." [Billboard]
Round-up of December Strasbourg sitting
"In a hectic year-end session, MEPs demanded an end to national opt-outs to the 48-hour working week and backed measures to cut Europe's CO2 emissions by 2020. Also during the final sitting of the year, the parliament awarded the 20th Sakharov Prize for human rights to Chinese dissident Hu Jia in absentia.
French President Nicolas Sarkozy defended France's record during its 6-month presidency of the European Union (see article about Tuesday’s meeting – not very detailed) . MEPs mainly gave Mr Sarkozy a positive response for his handling of new EU climate change legislation and the crisis in Georgia." [Europa]
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment