Grainge was joined by Live Nation's Irving Azoff and EMI's Roger Faxon, while Beggars' Martin Mills and Warner's Edgar J. Bronfman Jr spoke out against the deal. Click here for a round-up of proceedings or read Lucian Grainge's testimony in full below:

"Mr. Chairman, Ranking Member Lee, and Members of the Subcommittee, thank you for the opportunity to appear here today.

My name is Lucian Grainge, and I am the Chairman and CEO of Universal Music Group. We at Universal ...