Tag Archives: Impala

EC agrees Sony’s Bertelsmann purchase

Against bitter complaints on part of Europe’s independent music sector, the European Commission this week approved Sony’s $1.2bn acquisition of Bertelsmann’s 50% stake in Sony BMG, clearing the way for the group to be renamed Sony Music Entertainment Inc. 

As part of the deal,  Bertelsmann must take over “selected” European catalogues of music rights from Sony BMG, however, competing independent firms don’t believe this is enough.

Raising the question of what might happen if Apple Computer had acquired EMI, for example, Impala co-president Michel Lambot warned, “They’ve just let the world’s largest consumer electronics company merge with the second largest music company without any detailed investigation.”

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