
INDEPENDENT MUSIC COMPANY CEOS AROUND THE WORLD CALL FOR END TO FURTHER ANTI-COMPETITIVE, CONSOLIDATION ATTEMPTS IN THE MUSIC INDUSTRY
A coalition of leading European and international independent music companies and trade associations have issued an open letter to Executive Vice-President Teresa Ribera at the European Commission, urging the Commission to conduct a deep investigation of Universal Music Group’s (UMG) proposed acquisition of Downtown Music Holdings. This follows a Financial Times exclusive this morning, available here.