Independent voices from the TWT Communities
EMI Group Ltd., the iconic British music company that is home to the Beatles, Coldplay and Katy Perry, is being split and sold for $4.1 billion.
EMI Group Ltd., the iconic British music company that is home to The Beatles, Coldplay and Katy Perry, is being split and sold for $4.1 billion.
Helen Smith, executive chairman of Impala, the trade association for independent music labels, criticized the Commission's findings and said the decision was "bad news for Europe's publishers and writers, as well as for collecting societies and any label or online service which needs to be able to rely on fair terms to use music."
"When you have players which are dominant, even if they take over small players in market share, that can have a serious impact on competition," she said.
