Mobile/PDA About Us Advertise here
User User name Password  
  Not registered yet? Register here.
Lost your password? Click here. 		 
  Home   News   Guides   Downloads   Glossary   Hardware   Profiles   Forums  
 Latest news     Press releases     Search news     Submit news     Our RSS newsfeed     Advertise at AfterDawn.com
Thursday 15.5.2008 / 10:18 PM
Search:        In English   Suomeksi   På svenska
afterdawn.com > news > universal cleared to buy bmg music publishing
Show topics
News
News

Universal cleared to buy BMG music publishing

29 May 2007 12:19 by Andre "DVDBack23" Yoskowitz | 3 comments

Universal cleared to buy BMG music publishing Last week, the European Commission gave approval for the Universal Music Group to take over BMG Music Publishing, bringing a close to the $2.1 billion USD merger that began five months ago.

The EC, the EU's antritrust authority said in its decision that Universal had responded to the charges by "offering to sell off the rights of key labels in the music giant's roster." These concessions include the sale of Rondor U.K., Zomba U.K., BBC Music, 19 Songs, 19 Music as well as its European license for the Zomba U.S. catalog.

EU competition commissioner Neelie Kroes added, "I am satisfied that the significant remedies will keep these markets competitive and ensure that consumers will not be harmed by the merger," she said.

The new merged company will now go under the name Universal Music Publishing Group brand.

The takeover was cleared months ago in the US by the FCC and the EU approval was the last hurdle for the merger could be completed. BMG has an active catalogue of over one million songs.

Source:
Washington Post

Permalink to this article

Get AfterDawn's news to your favourite feed reader! Share this story with your friends!
 
« Previous news article
German authorities raid P2P network 		Next news article »
Toshiba to revamp its Gigabeat V line
 Post your comment
Discuss this article! 
borhan9 (AfterDawn Addict) 29 May 2007 21:36 Send private message to this user   
This is going to be one of the biggest mergers i feel it may cause a big monopoly.
[ + quote]
henthom (Inactive) 3 June 2007 18:31 Send private message to this user   
i hope that they do a good job o thisand keep things floating as they are, but it is a big monopoly.monry talks and the other walks.
[ + quote]
Unfocused (Junior Member) 27 June 2007 22:53 Send private message to this user   
Will they now own Napster, or were those rights sold off to somebody else?
[ + quote]
 Post your comment
 

Subscribe to our newsfeed

Get the latest headlines delivered directly to your favourite RSS reader or content aggregation service by using the links below.

AfterDawn.com: News - RSS feed
Add to Google
Add to My Yahoo!
Add to MyMSN

Latest news

RSS Feed

Latest news from AfterDawn.com.

More news...

Search for headlines

Search through our news archive.

Latest threads

Recently updated
discussion threads.
 

More...

Last week's most popular software downloads

Most popular devices

Last week's most popular devices in our hardware section.

More products...

Latest software updates

RSS Feed

More software updates...

Top links

Most popular links

Digital video: AfterDawn.com | AfterDawn Forums | DVD X Copy Forums
Music: MP3Lizard.com
Gaming: Blasteroids.com | Blasteroids Forums
Software: Software downloads
Blogs: User profile pages
RSS feeds: AfterDawn.com News | Software updates | AfterDawn Forums
International: AfterDawn in Finnish | AfterDawn in Swedish | download.fi | fin.MP3Lizard.com
Navigate: Search | Site map
About us: About AfterDawn Ltd | Advertise on our sites | Rules, Restrictions, Legal disclaimer & Privacy policy
Contact us: Send feedback | Contact our media sales team
 
  © 1999-2008 by AfterDawn Ltd.