This post was authored by FMC policy intern Joseph Silver.
Pending approval by the Federal Trade Commission, the European Commission and other American and European antitrust regulators, the U.S-based record company Universal Music Group (UMG) intends to merge with the UK-based EMI Music Corporation to form one mega-label. Last November, UMG agreed to a $1.9 billion bid for EMI’s recorded music business. (A separate effort to acquire EMI’s profitable publishing division has been launched by Sony.) read more
Future of Music Coalition will release a new report, False Premises, False Promises: A Quantitative History of Ownership Consolidation in the Radio Industry, by a teleconference with reporters on December 13, 2006 at 1:00 p.m. EST. Data in the report shows that radio ownership consolidation at the national and local levels has led to fewer choices in radio programming and harmed the listening public and those working in the music and media industries, including DJs, programmers and musicians. read more
The Future of Music Coalition is a national nonprofit organization that
has spent the past five years identifying, examining, interpreting and
translating the challenging issues at the intersection of music, law,
technology and policy. read more