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The music industry

Music mergers

In 2004, Sony Music merged with BMG, the German based music giant, in a deal worth £3.4b, reducing the number of music 'majors' from five to four.

In an attempt to block this merger it was reported that Impala, a trade organisation representing over 2000 independent music labels, demanded that the EU Commission for Competition block this merger because it would weaken music diversity and limit independent producer’s access to retailers and to the radio. The EU Commission did look at the vertical integration in the EU music industry, but even after widespread protests from independent labels and consumer groups,, the merger was allowed to go ahead on the grounds that the growth of internet piracy was sufficient justification for the merger.

Source – The Times, January 27th and 30th, 2004

By 2011, the UK market shares were:

 

Music Market Shares
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Price fixing of downloaded music

In 2006 the four leading US music producers, Sony BMG, Universal, Warner and EMI were accused of price fixing downloaded music tracks.