
Universal’s Downtown Music acquisition faces EU scrutiny – IMPALA welcomes referral by national competition authority
Universal Music Group’s (UMG) acquisition of Downtown Music faces EU scrutiny following a referral request from an EU member state, as first reported last week. This deal was part of a wave of acquisitions by UMG including independent labels PIAS and 8Ball Music, all announced within a few months of each other. Further strategic acquisitions are also expected.