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Legal Challenge to Merger Raises Questions
London – The decision by a group of European labels to legally challenge the European Commission’s approval of the Sony/BMG merger could raise questions for future deals. Impala, the Brussels-based association of European independent labels, announced Nov. 3 that it would appeal the EC’s decision to authorize Sony BMG’s union before the court of First Instance in Luxembourg. The legal process is expected to last 12-24 months. Legal experts believe that during that period, it will be difficult for the EC to clear any other proposed merger in the music industry without knowing the outcome of the court case. Sources… Read more »