Washington, D.C .— Future of Music Coalition (FMC) has for several months raised questions about a proposed merger between Universal Music Group and EMI Music, which would have a negative impact on artists as well as the growth of a legitimate digital music marketplace that rewards creators and fans alike.
News recently broke of an EMI proposal to European regulators that included divestitures and behavioral remedies meant to alleviate concerns over market concentration and resultant consumer harms. These supposed palliatives, however, do nothing to address concerns over the merger’s impact on the U.S. market, including the impact on innovation and leverage within the independent sector.
The following statement can be attributed to FMC Deputy Director Casey Rae: read more
