Indie orgs critical of Downtown’s $775m sale to Universal/Virgin Music call for authorities to block deal

Indies sound alarm after UMG Downtown and PIAS acquisitions

Indie trade groups and label execs are sounding the alarm after UMG Downtown and PIAS acquisition - two crucial independent music companies. Learn what’s at stake and why it matters for artists and labels alike. The post Indies sound alarm after UMG Downtown and PIAS acquisitions appeared first on Hypebot.

WIN and A2IM add voices to criticism of UMG’s Downtown deal

More independent music bodies have been criticising UMG’s planned acquisition of Downtown Music this morning. The post is from Music Ally.

Indie orgs critical of Downtown’s $775m sale to Universal/Virgin Music call for authorities to block deal

Independent orgs claim deal will 'distort the global music market'. Source

Beware the “wolf under the cape” in Universal’s Downtown land grab, warns Beggars boss as IMPALA calls for regulators to block the deal

When Universal Music announced its deal to buy Downtown Music yesterday, the mega-major was keen to position the $775 million acquisition as being driven by its distribution and label services division Virgin Music Group, “one of the world’s leading partners to independent music entrepreneurs”. Today, Beggars Group founder Martin Mills says that this is nothing more than a “cynical use” of the Virgin brand that was “once synonymous with independ…

IMPALA WARNS OF SERIOUS REGULATORY BARRIERS TO UMG’S ACQUISITION STRATEGY AS VIRGIN MOVES TO BUY DOWNTOWN HOT ON THE HEELS OF

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