Get the latest gossip

European Indie Trade Groups Call on Regulators to Investigate UMG’s Acquisition of [PIAS]

Of UMG's [PIAS] acquisition, European trade groups want an investigation, saying the deal represents “unchecked concentration in the music market."

In response, IMPALA and several of its associate national trade groups are calling on competition regulators to launch an investigation into what it described as “unchecked concentration in the music market [which] continues to be a serious problem.” Helen Smith, IMPALA’s executive chair, said she “expects” regulators to review the [PIAS] acquisition “and answer the question the industry is asking about how it is possible for UMG to gain more market share after it was already considered too big?” Supporting calls for an investigation, IMPALA chair Dario Draštata said the deal strengthens UMG in terms of market share, “eliminates a principal competitor” and “narrows options for artists and labels.”

Get the Android app