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EU To Approve Sony BMG Merger

The Financial Times is reporting that the EU Commission will re-approve the merger of Sony and BMG later this month that had been annulled with a lawsuit brought by EU. Continue reading [https://www.hypebot.com/hypebot/2007/09/eu-to-approve-s.html]

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The Financial Times is reporting that the EU Commission will re-approve the merger of Sony and BMG later this month that had been annulled with a lawsuit brought by EU indie music trade group IMPALA.

If approved, the merger will be a blow to the indie label sector who had hoped to stop the merger trend.  It should also restart the rumor mill regarding some kind of WMG and EMI combination.