The indie-label lobbying group Impala suffered a blow earlier today when a high court in the EU said that a ruling criticizing the merger of Sony and Bertelsmann’s music divisions, which resulted in Sony/BMG, set too high of a bar for regulators who were trying to see how the deal would affect the recorded-music market as a whole. This was the final legal hurdle for the merger, so hey, now Bertelsmann can go ahead and sell its half of the company back to Sony without any problems! Champers for all! [Times Of London]
July 10th, 2008 // Leave a Comment
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