Universal/EMI deal approval slammed by Aussie indies
The Australian Independent Record Labels Association has criticised approval for the Universal/EMI deal in the territory as a “deeply disappointing decision.”
The Australian Competition and Consumer Commission said it would not oppose the £1.2bn merger last night.
Speaking to Noise11, chairman of AIR David Vodicka said that the approval “disregards the practical effects of combining two already substantial music companies into a company that will control over 50% of the domestic music market.
“The result will be dominance of both ...
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