Saturday, August 27, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Patches iOS Security Flaws Discovered In Spyware Targeting Activist
LG To Showcase Latest OLED TVs Compatible With HDR Technologies At IFA
NHK Join Forces With Panasonic And Sony To Win The 8K TV Race
Intel Introduces New 3D NAND SSDs
Facebook To Use Personal Data From WhatsApp To Bring You Personalized Ads
Amazon Introduces Car Research Portal
Google Uses Artificial Intelligence To Compress Images
Researchers Make Wi-fi Networks Faster And Stronger
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > Sony an...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 05, 2006
Sony and Bertelsmann appeal against EU court ruling


Sony and Germany's Bertelsmann have appealed against an EU court ruling that scuppered a planned merger of their music businesses, the European Court of Justice has said.

A joint appeal was lodged on Tuesday," a European Court of Justice spokesman told AFP on Thursday. In the summer of 2004, the European Commission gave the green light for the merger of Sony Music and BMG, the music arm of Bertelsmann.

That marriage would have given birth to the second-largest music group in the world. However, independent music labels brought a case to the European Court citing competition problems. They claimed the deal would stifle competition, as it would reduce the number of major music labels from five to four -- the others being Universal, Warner et EMI -- and that those behemoths would control 80 percent of the European music record market.

In July the judges in Luxembourg ruled that the Commission decision had been "riddled with errors". The ruling suggested that the European competition authorities should re-examine the matter. The Commission could in theory veto the deal within weeks. While such an outcome remains unlikely, industry experts expect new conditions to be attached to any merger to assuage the anti-competition fears.


Previous
Next
SAPPHIRE Strengthens AGP Offering X1300/X1650 models        All News        Siemens stops payments to BenQ
China anti-piracy campaign: licences withdrawn, Superman Returns     Optical Storage News      THX Best Practices Lab Holds Training Session for Facilities to Meet Increasing Demand for HD DVD

Get RSS feed Easy Print E-Mail this Message

Related News
Games Outweigh Sagging Sensors For Sony
New Sony 4K Ultra HD TVs Released In The U.S.
Sony Ups Sales Goals For Games Ahead of VR Launch
Sony Recalls VAIO Laptop Computer Battery Packs
Sony Xperia X Series Coming to the United States
Sony Sees Flat Annual Growth Due To Recent Quake Damages
Sony Improves Commercial LED Display Concept With New CLEDIS Technology
Sony Joins Forces with Cogitai to Conduct Research and Development for Artificial Intelligence
Sony To Resume Wafer Processing Operations After Earthquake
Sony Releases New Home Audio Products
Sony Reports Loss But PlayStation Keeps Performing Well
Sony Confirms Manufacturing Operations Disruptions Following Kumamoto Earthquakes

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .