BRUSSELS — Music industry org Impala vowed to fight the merger between Sony Music and Bertelsmann Music Group on Monday, denouncing it as disastrous for the biz.
At a war council at the Midem music conference in Cannes the group, which represents 2,000 independent European music labels, said it had already filed objections with Brussels regulators, and has until today to give evidence supporting its case. Universal and EMI also are lobbying against the proposal in the runup to the Feb. 12 EU decision.
Independent competitors fear being shut out of the market if the deal gets the go-ahead. A combined Sony-BMG, alongside market leader Universal, would command more than 50% of the $30 billion global recorded music market.
Impala veep Patrick Zelnick warned that if the deal goes through he will go to the European Court of Appeal. “Musical diversity and consumer choice will be the merger’s ultimate victims,” he said.