Brussels (Reuters) – Sony Corp checked EU antitrust authorities $2.3 billion bid for EMI call rival and users whether they think that the Japanese group would use its offers more market power to win better terms in the digital media.
Sony Corp is logo at the press conference in Tokyo, Japan November 1, 2017. REUTERS/Kim Kyung-hoon
announced in may, Sony would move the world’s largest music publisher with rights to 2.1 million songs by artists such as Drake, Sam Smith, Pharrell Williams and SIA make.
the explosion of the fixed price music streaming services such as Spotify, Apple music, Google play, SoundCloud and YouTube has rejuvenated the music industry.
in a questionnaire sent to the competitors and customers and seen by Reuters, the European Commission is asking them, if you think Sony would makes his merged in its publication and use recording catalogs, better deals get.
the EU competition enforcer also asks whether publishing through inclusion in his quest going to Sony after sales, and how it deal with societies would collect the royalties for artists and musicians.
the Commission wonders about the implications of online music streaming services. It should decide on the offer by Oct. 26.
Bid has drawn criticism from independent labels music group Impala and the European composer and songwriter Alliance
message from foo Yun Chee; Editing by our standards Andrew Roche