Breaking News

DJI Agras T100, T70P and T25P Launches Globally Sony Introduces the RX1R III Razer Introduces Next-Generation Connectivity and Performance with New Thunderbolt 5 Dock and Core X V2 Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Sony and Bertelsmann appeal against EU court ruling

Sony and Bertelsmann appeal against EU court ruling

Optical Storage Oct 5,2006 0

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.

Tags: Sonysony BMG
Previous Post
SAPPHIRE Strengthens AGP Offering X1300/X1650 models
Next Post
Siemens stops payments to BenQ

Related Posts

  • Sony Introduces the RX1R III

  • Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.

  • Sony introduces the FX2 compact camera

  • Celebrate Days of Play 2025 starting on May 28

  • Sony introduces WH-1000XM6

  • Sony Introduces Xperia 1 VII

  • Sony announces DualSense wireless controller for Death Stranding 2

  • Sony announces that PS5 price will rise in Europe, Australia and New Zealand

Latest News

DJI Agras T100, T70P and T25P Launches Globally
Drones

DJI Agras T100, T70P and T25P Launches Globally

Sony Introduces the RX1R III
Cameras

Sony Introduces the RX1R III

Razer Introduces Next-Generation Connectivity and Performance with New Thunderbolt 5 Dock and Core X V2
Gaming

Razer Introduces Next-Generation Connectivity and Performance with New Thunderbolt 5 Dock and Core X V2

Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance
PC components

Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance

G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025
Enterprise & IT

G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed