Navigation path

Login   |   Register
 

Advanced search Search in:    Audio    Photo    Video    Shotlist


OR









Extracts from the press conference by Joaquín Almunia on Mergers: Commission clears Universal's acquisition of EMI's recorded music business, subject to conditions

23 views

On 21 September 2012, Joaquín Almunia, Vice-President of the EC in charge of Competition, gave a press conference on Mergers. The European Commission approved under the EU Merger Regulation the proposed acquisition of EMI's recorded music business by Universal Music Group. The approval is conditional upon the divestment of EMI's Parlophone label and numerous other music assets on a worldwide level. The Commission had concerns that the transaction, as initially notified, would have allowed Universal to significantly worsen the licensing terms it offers to digital platforms that sell music to consumers. To meet these concerns, Universal offered substantial commitments. In light of these commitments, the Commission concluded that the transaction would not raise competition concerns anymore.
SHOTLIST INFO PRESS MEMO

Type: EbS   Reference: 88205   Date: 21/09/2012   Duration: 00:03:25
To download, please log in



Related media

Press conference by Joaquín Almunia, Vice-President of the EC, on the ...
Ref: P-021772/00-01
Date: 21/09/2012
Press conference by Joaquín Almunia on Mergers: Commission clears Universal's ...
Ref: 88204
Date: 21/09/2012
Extracts from the press conference by Joaquín Almunia on Mergers: Commission ...
Ref: 88205
Date: 21/09/2012

New Video Player (Version 2)
More info

Press packs


Go to useful links page Useful links

Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page


Credit © European Union, 2014