Universal/EMI: EC restricts UMG's digital power
Universal has committed to banishing Most Favoured Nation clauses from contracts with digital music companies in Europe for the next ten years.
The agreement with EC regulators was a integral tenet of the deal which saw UMG's £1.2bn takeover of EMI approved earlier today.
Critics of the deal, including Beggars boss Martin Mills, have suggested that Universal/EMI's combined market power will lead to unjustly favourable deals with digital companies in future - and an unfair edge in negotiations.
The ...
Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
