Sony’s purchase of AWAL raises competition concerns* The CMA has found that Sony’s completed purchase of AWAL raises competition concerns, following a Phase 1 investigation. Deal could lead to worse terms for artists and less innovation in the music sector The music industry is evolving, with the development of social media and streaming enabling artists to have more control over the distribution of their own content and promotion of their brand. As a result, while most music artists have historically been signed to one of a small number of ‘major’ labels, alternative business models have emerged. In particular, independent providers of Artist and
The UK Competition Authority finds that the merger between a national music distributor and a Japanese technology company raises competition concerns (AWAL / Sony)
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