[…]Universal told the Journal the E.U.’s approval “will benefit the artistic community and music industry” and that Universal is glad it will hold onto more than two-thirds of EMI’s global business. But IMPALA, a trade group representing European independent record labels, protested that the required sell-offs wouldn’t be enough to limit Universal’s increasing grip on the market. Casey Rae, deputy director of the U.S. nonprofit Future of Music Coalition, told Politico that “there’s not really going to be any number of divestitures that will make this a groovy deal.” Somewhere, someone at General Electric, the majority owner of Universal-owning (and now EMI-owning) Vivendi, a French media conglomerate, is chanting “swag.”
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
What does the future hold for the major labels? Do they need to consolidate to remain competitive in the face of music piracy? Would the cost of music rise? Would they stymie growth and creation of streaming sites such as Pandora and Spotify?
Casey Rae, Deputy Director, Future of Music Coalition, an artists’ advocacy group.
C. Evan Stewart, attorney who practices antitrust law; Partner with Zuckerman, Spaeder law firm based in New York.
As the castles crumble, does it really matter if UMG merges with EMI, anyway? YES, according to groups like Impala and now the Future of Music Coalition, which are actively lobbying on both sides of the Atlantic against the tie-up. Meanwhile, the labels have formally submitted their request to the European Commission, which pegged March 23rd as an approval date. US submissions happened two months ago, according to details shared by Impala…
On February 15, 2012, Future of Music Coalition sent a letter to the Federal Trade Commission voicing concerns about the propsed aquisition of EMI Music by Universal Music Group (UMG). In it, we describe how competition allows for more innovation and opportunities for artists, and that the sheer market power of a post-acquisition UMG would inhibit the growth of the legitimate digital music marketplace.
February 15, 2012
Mr. Richard Feinstein, Esq., Director
Mr. Norman Armstrong, Esq., Deputy Director
Office of Policy and Coordination
Bureau of Competition, H-374
Federal Trade Commission
600 Pennsylvania Avenue, NW
Washington, DC 20580
Washington, D.C.— The following statement can be attributed to Casey Rae-Hunter, Deputy Director of Future of Music Coalition.
“Since AT&T first announced its intent to acquire T-Mobile, Future of Music Coalition has steadily raised concerns about what the mega-merger would mean for the creative community — particularly musicians who increasingly rely on affordable access to mobile broadband platforms to reach audiences and advance their careers. read more
Thanksgiving was an interesting day for those who follow telecommunications hoo-hah. While most Americans were enjoying turkey, stuffing and football, AT&Trequested to withdraw their merger application with T-Mobile from consideration at the Federal Communications Commission. AT&T and Deutsche Telecom (T-Mobile’s parent company) instead announced plans to concentrate on Department of Justice antitrust proceedings that will go to trial in February 2012. read more
Washington, D.C.— Today, the Federal Communications Commission (FCC) announced its intent to seek administrative hearing on the proposed merger between AT&T and T-Mobile — an important step towards rejecting a move that would bring unprecedented concentration in the mobile marketplace.
AT&T previously sought government approval to acquire T-Mobile, which, were it approved, would see a single company control nearly half of the wireless market in the United States. Future of Music Coalition (FMC) joins a diverse array of artists, organizations and individuals in supporting the DOJ’s decision to block the merger.
The following can be attributed to Casey Rae-Hunter, Deputy Director of Future of Music Coalition: read more
Washington, D.C.— Today, the Attorneys General of seven U.S. states joined a Department of Justice (DOJ) antitrust suit aimed at preventing the merger of AT&T and T-Mobile.
AT&T previously sought government approval to acquire T-Mobile, which, had it been approved, would have seen a single company control nearly half of the wireless market in the United States. Future of Music Coalition (FMC) joins a diverse array of artists, organizations and individuals in supporting the DOJ’s decision to block the merger, and applauds the Attorneys General of New York, Washington, California, Illinois, Massachusetts, Ohio and Pennsylvania in signing on to the DOJ suit. read more
Rep. Ed Markey (D-Mass.), one of the stronger congressional critics of the proposed AT&T-T-Mobile merger, lauded the Justice Department’s move Wednesday to block it, just one of many voices that were weighing in on the announced antitrust suit.
“The Justice Department’s decision to take action to block AT&T’s purchase of T-Mobile is a victory for competition, consumers and choice. We should be protecting American consumers holding their cell phones, not just telecommunications titans holding stock in the companies,” he said in a statement. “The merger would reduce the number of national wireless companies from four down to three, sending the mobile marketplace into a telecommunications time machine back to 1993. That would be an historic mistake….” read more