Exclusive: UMG Proposes Selling Curve to Secure EU Approval for $775m Downtown Deal

As indie community calls again for Universal’s Downtown deal to be blocked, will UMG flog off Curve to get over regulators?

Universal Music has proposed what it calls a “robust remedy” to the European Commission in a bid to allay concerns raised by the European Union’s competition regulator over its bid to buy Downtown Music. However, indie label trade group IMPALA has again called on the EC to block that deal outright, stating “now is the time for Europe to uphold culture, diversity and competition”. Last month, the EC sent Universal a ‘statement of objections’, exp…

Exclusive: UMG proposes selling Curve to secure EU approval for $775m Downtown deal

UMG submitted formal commitments to the EC on December 11 Source

UMG responds to EC regulators’ concerns about Downtown deal

There is news on the European Commission’s investigation into UMG’s acquisition of Downtown Music. UMG has filed its response. The post is from Music Ally.

UMG/DOWNTOWN – UMG PROPOSES REMEDIES AS INDEPENDENT SECTOR SEEKS "LOGICAL EXTENSION" OF EU's OBJECTIONS AND CALLS ON THE EC TO TAKE A “PERMANENT STRUCTURAL APPROACH”

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