Faxon was joined by Universal's Lucian Grainge and Live Nation's Irving Azoff, 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 Faxon's testimony in full below:

"Thank you Mr. Chairman, Members of the Subcommittee:

I am Roger Faxon, Chief Executive of the EMI Group. I am pleased to have this opportunity to speak before you today in regard to Universal Music Group's proposed acquisition of ...