It highlights the achievements of independents, including the astonishing global success of Adele, in what is "an already distorted market", and then continues: "But market distortion must not be allowed to become even greater. If the sale of EMI is allowed to go through, the combined market share in the recorded music market would be around 50% - 10% more than the threshold at which the OFT should be involved.

"The increasing concentration of the music market in the hands ...