CASE COMMENTS: MERGERS – EUROPEAN UNION - JOINT CONTROL – SOLE CONTROL – HORIZONTAL EFFECTS

Sole control: The European Commission clears a change from joint to sole control after assessing whether the removal of the veto rights of the outgoing shareholder on the commercial policy decided by the remaining shareholder would have any effects on the market (Sony / EMI Music Publishing)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 26 October 2018, the European Commission adopted a decision approving the acquisition of sole control of EMI Music Publishing by Sony. Sony (via its subsidiary Sony/ATV) and EMI are both music publishing companies, i.e. they both exploit authors' rights by granting licences to the users of these rights, whether for mechanical reproduction (music recordings), performance rights (concerts, radio or TV broadcasting, etc.), online rights (for downloading or streaming), etc. The particularity of the case lies in the fact that prior to the notified operation, EMI was jointly controlled by Sony and the Emirati investment fund Mubadala: this acquisition of

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Olivier Billard, Guillaume Fabre, Sole control: The European Commission clears a change from joint to sole control after assessing whether the removal of the veto rights of the outgoing shareholder on the commercial policy decided by the remaining shareholder would have any effects on the market (Sony / EMI Music Publishing), 26 October 2018, Concurrences N° 2-2019, Art. N° 90330

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