Merlin's board has voted unanimously to continue opposition to the purchase of EMI by Universal. The global digital rights agency representing independents has opposed Universal's proposed acquisition from the outset, arguing that it would severely threaten the development of the digital music business.
"In a market already hampered by Universal's exploitation of its market leading position, this proposed acquisition could only serve to damage the digital ecosystem, not only for our members, but also for potential investors and consumers," said Charles Caldas, CEO of Merlin is statement.
"We trust and believe that the European Union and U.S. regulators reviewing this transaction understand the devastating impact this transaction would have on the digital music market and will act accordingly." said Caldas.
