On February 12, 2014, news broke that Comcast, already America’s biggest Internet service provider and video distributor, would attempt to buy Time Warner Cable for 45.2 billion dollars. The deal would impact everything from internet access and pricing to how media is delivered.
The following statement is from FMC Interim Executive Director Casey Rae: read more
[…]Artists are also worried about the merger’s consequences. “It’s all totally stacked against the creator,” said Casey Rae-Hunter, who heads the Future of Music Coalition, an organization representing independent and unsigned musicians. “And the Universal-EMI merger gives them even more leverage to do really scary things.”
[…]”This was supposed to look a lot different,” said Rae-Hunter, who also runs the tiny, independent record label Lux Eterna and records as The Contrarian.
“We were supposed to not just solve the access problem about reaching new audiences, but also to monetize that activity in a way in which 99 percent of that activity was not captured by the major labels,” Rae-Hunter said. “But we see now that the majors still dictate the terms.”[…]
[…]“The major labels are incredibly good at extracting maximum value from whatever they touch, and with only three left, they’ll be able to dictate the terms of the digital marketplace in ways we’ll be feeling for years to come,” said Casey Rae, deputy director of the Future of Music Coalition, a national nonprofit that opposes the deal.
“It’s always been conventional wisdom that if the EU accepted this deal, that the United States would mirror that,” Rae said. “But there’s not really going to be any number of divestitures that will make this a groovy deal.
[Post authored by FMC Policy Fellow Daniel Lieberman]
Last week, Universal Music’s bid to takeover EMI Music went before European antitrust regulators, who will rule this September on a merger that would further consolidate the major record label system. If you are just tuning in, EMI is the crown jewel of the United Kingdom’s music catalog, home to classic recordings by the Beatles,Pink Floyd, David Bowie, and more contemporary releases by the Beastie Boys, LCD Soundsystem and Norah Jones. Further background on this merger is available here. read more
The Senate Judiciary’s subcommittee on Antitrust, Competition Policy and Consumer Rights will hold a hearing on Thursday afternoon to examine the planned merger of Universal Music Group and EMI.
[…]On Monday afternoon, the authors of the Public Knowledge-Consumer Federation paper will speak at a briefing on Capitol Hill to discuss the merger. Casey Rae Hunter, deputy director of the Future of Music Coalition, will join Public Knowledge’s Jodie Griffin and the Consumer Federation’s Mark Cooper. Chris Naoum, co-founder of Listen Local First, will moderate.
Chairman Kohl, Senator Lee and members of the committee, it is an honor to submit the following testimony for the record in such an important hearing.
My name is Casey Rae, and I am the Deputy Director for Future of Music Coalition (FMC), a national research, education and advocacy organization for musicians. I am also a recording artist, producer and small label owner. Each of these roles has provided me with valuable insight into how the independent music sector functions on a practical level, as well as how technology has impacted artists and songwriters in positive and less-than-positive ways. read more
[…]Universal’s deal would reduce the number of major record companies to three from four, and give the company — already the largest record group by revenue — a 40 percent share of the global recorded music market, according to most estimates.
Others in the music industry, including the Warner Music Group and independent organizations like the Future of Music Coalition, also oppose the Universal deal. But the deal has supporters, too, including some artist managers and American labor unions representing musicians and performers.
This post was authored by FMC policy intern Joseph Silver.
Pending approval by the Federal Trade Commission, the European Commission and other American and European antitrust regulators, the U.S-based record company Universal Music Group (UMG) intends to merge with the UK-based EMI Music Corporation to form one mega-label. Last November, UMG agreed to a $1.9 billion bid for EMI’s recorded music business. (A separate effort to acquire EMI’s profitable publishing division has been launched by Sony.) read more
Today, the Department of Justice (DOJ) announced its intention to file suit to prevent the acquisition of T-Mobile by AT&T. The following statement can be attributed to Future of Music Coalition Deputy Director Casey Rae-Hunter.
“Future of Music Coalition applauds the Department of Justice for moving to block the AT&T and T-Mobile merger. We hope the FCC swiftly follows suit to preserve access and innovation in mobile communications. From competition in a crucial marketplace to jobs preservation, preventing this merger is the right thing to do. Creators and consumers alike should welcome today’s news, and we thank those in the music community for helping to illustrate what is at stake for artists and other creative entrepreneurs.” read more