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Downtown Music

23 posts
Universal’s Downtown deal must be blocked by regulators before “cultural diversity is weakened irreversibly” says Dutch indie label group president public
Universal Music • 3 min read

Universal’s Downtown deal must be blocked by regulators before “cultural diversity is weakened irreversibly” says Dutch indie label group president

The debate over Universal’s bid to buy Downtown continues. Kees van Weijen, President of Dutch indie label group STOMP and board member at IMPALA, has set out why he believes the EU competition regulator needs to step in before market consolidation irreversibly weakens cultural diversity in Europe…
Chris Cooke
Chris Cooke •
As EU hits pause on UMG Downtown investigation after “parties fail to provide important info”, Downtown boss whines about “misinformation” public
Downtown Music • 7 min read

As EU hits pause on UMG Downtown investigation after “parties fail to provide important info”, Downtown boss whines about “misinformation”

More Downtown drama as the EU says it has not received an “important piece of information” it needs to investigate UMG’s acquisition, while Downtown’s boss whines about indie “misinformation”. The real question is: why are Universal-aligned execs so scared of IMPALA and other indie trade bodies?…
Chris Cooke & Sam Taylor •
Full scale anticompetition investigation on the cards after UMG’s Virgin Music fails to allay EU fears over Downtown merger public
Universal Music • 4 min read

Full scale anticompetition investigation on the cards after UMG’s Virgin Music fails to allay EU fears over Downtown merger

The European Commission is set to launch a full-scale ‘phase two’ merger investigation into Universal’s Downtown deal after it failed to convince regulators that the transaction should proceed unhindered. With the rhetoric from UMG surrogates already at fever pitch, will the war of words get worse?…
Sam Taylor •
“Keep music open” beg indie label bosses in letter to EU regulators asking for full investigation of UMG’s Downtown deal public
Universal Music • 3 min read

“Keep music open” beg indie label bosses in letter to EU regulators asking for full investigation of UMG’s Downtown deal

The European Commission must instigate a more detailed ‘phase two’ investigation into Universal Music’s bid to buy Downtown, according to a letter signed by more than 200+ business leaders from across the indie music sector. The EC is currently undertaking an initial ‘phase one’ investigation…
Chris Cooke
Chris Cooke •
WIN says EU regulators must consider “the structure of the music industry as a whole” when investigating UMG’s Downtown deal public
Downtown Music • 3 min read

WIN says EU regulators must consider “the structure of the music industry as a whole” when investigating UMG’s Downtown deal

With EU regulators currently investigating Universal’s bid to buy Downtown, WIN has urged officials to consider “the structure of the music industry as whole”, arguing that it’s not enough to analyse market share, the EU should assess Universal’s aim to exert control across the digital supply chain…
Chris Cooke
Chris Cooke •
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