EU Commission

  1. Parlophone Purchase: What It Means For Warner Music and Universal

    February 07, 2013 2:20 PM EST In an unexpected and strong move, the Warner Music Group has won the auction for the Parlophone Label Group assets with a £487 million ($762 million) bid. The deal is expected to close mid-2013. The deal will give the Warner Music Group, the sma ...

  2. Universal Music-EMI: Vivendi Confirms Payment, But Status of Deal Is Still Unclear

    September 10, 2012 3:22 PM EDT Universal Music Group's bid to acquire part of EMI has entered its final phase of regulatory review in Europe, but while UMG parent Vivendi confirmed a first payment required under the deal, the status of European regulators' thinking ab ...

  3. EU to Vote on Universal-EMI Deal Tomorrow, Outcome Uncertain: Sources

    September 06, 2012 8:43 AM EDT Things are coming to a head in the European Union commission's review of Universal Music Group's bid to buy EMI's recorded-music operation. On Friday, an EU advisory committee is expected to vote on whether or not to approve the acq ...

  4. White Paper Urges FTC to Block UMG-EMI Deal; EU Nat'l Regulators Slated To Vote on Merger

    August 30, 2012 8:30 PM EDT The American Antitrust Institute, a Washington-based non-profit education, research, and advocacy organization, has issued a white paper entitled "Music Industry Consolidation: The Likely Anticompetitive Effects Of The Universal/Emi Merger&qu ...

  5. Universal Music's Concessions Grow in EMI Deal; Sale of Virgin U.K. Looks Likely

    July 17, 2012 11:01 PM EDT The Universal Music Group will take some extra time to prepare and submit its remedies package to the EU Commission, as part of its gambit to win regulatory approval to acquire EMI's recorded-music division. Depending on who you listen to, th ...

  6. Universal Music to Submit Divestment Package Within 24 Hours; May Offer to Sell Virgin, EMI Classics in Certain Territories

    July 16, 2012 2:17 PM EDT Within the next 24 hours, the Universal Music Group will submit a package of assets it expects to sell beyond the publishing assets (including the Koch and Brentwood Benson Christian catalogs) already announced earlier this year. According to mult ...

  7. EU Probes Elton John concert It Funded

    November 12, 2010 12:00 AM EST The European Union wants to know why some of its development funds were used last year for an Elton John concert in Italy at a time when the financial crisis was forcing member nations into austerity. EU spokesman Tom van Lierop said Friday (Nov. ...

  8. Bertelsmann Welcomes BMG EU Approval

    September 11, 2009 12:00 AM EDT Bertelsmann has welcomed the EU Commission's decision to approve the music rights joint venture between Bertelsmann and KKR, BMG Rights Management. "We pursue the joint goal of turning BMG into a global music services provider," sai ...

  9. Sony BMG Appeals Joint Venture Annulment

    October 05, 2006 12:00 AM EDT Appeal lodged with European Court of Justice. Sony Corp. and Bertelsmann today (Oct. 5) appealed against the European Union court decision last July that annulled the merger of their recorded music divisions in 2004. The appeal was lodged at the E ...