AIM's board members will meet again next Tuesday after today's "emergency" board meeting over Impala's controversial deal with Warner Music Group failed to reach a conclusion.

In a statement issued following the gathering, AIM chair/CEO Alison Wenham commented, "I am pleased to report that the board had a very useful and positive meeting this morning."

She added, however, "We did not have time to conclude the discussions relating to the Impala agreement, and the board will conclude those discussions at its regular monthly board meeting next week."

Wenham could not be immediately reached for additional comment.

Earlier this week, Billboard.biz reported that the British independent music trade association would convene a special meeting for its inner-circle of members' executives, after two high-profile members defected.

Indie label Ministry of Sound, and later Gut, resigned from AIM's membership in a reprisal for Impala's decision to back WMG's proposal to buy out rival EMI Group.

Yesterday afternoon, MoS's legal representatives issued a strongly-worded "open letter" to Wenham, in which the dance music specialist blamed AIM and Impala of making "a complete departure from the stated constitutional aims of both companies" over WMG.

Questions? Comments? Let us know: @billboardbiz

Print