27
Jul
Independent record companies yesterday [07/20/04] pledged to consider a legal challenge to the European Commission’s approval of a EU 5 billion (£3.3 billion) merger between the recorded music divisions of Sony Music and Bertelsmann Music Group (BMG).
Legal advisers to Impala, the organisation representing more than 2,000 independent record labels, said there was a “good chance” that an appeal would be lodged with the European Court in Luxembourg. [more @ www.timesonline.co.uk]
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