EC tears duvet off Universal-EMI mega-music romp
Found on The Register on Friday, 30 March 2012
As expected, Eurocrats are anxious to probe the mega-merger of Universal EMI, fearing the effect on digital music markets.
Unnamed sources at Universal have briefed journalists that the competitive threat of digital piracy means consolidation should be permitted. Critics have pointed out that the merged entity's 40+ per cent market share would make it the king-maker for digital music services – and that no service would then survive without Universal's catalogue.
I don't really see how this would stop people from sharing music. I however see that this would give U-EMI an unseen dominance on the music market; and that it gives them the power to stop any legal progess in the digital music market which might even just remotely threaten their doomed and old fashioned business model.