AIM statement on EC decision to clear Universal / EMI merger
In response to the announcement today from Commission vice president in charge of competition policy Joaquin Almunia, AIM Chairman and Chief Executive Alison Wenham said;
“Universal are being forced to sell the crown jewels of EMI following their misjudged attempt to persuade the EC that there would be no competition concerns.
We congratulate the EC on a very diligent and thorough investigation, and now urge the Commission to continue to oversee the divestment programme, to ensure that competition is preserved in the music industry for the benefit of artists and consumers, independents and digital companies.
We want to see the independent sector strengthened, not weakened by the divestments and will continue to actively campaign to ensure this happens”.
Chairman and Chief Executive
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