Feeds

US green-lights Sony BMG merger

Implementation starts Monday

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

The US Federal Trade Commission has given the thumbs-up to the proposed merger between Sony Music Entertainment (SME) and Bertelsmann Music Group (BMG).

The FTC ruling comes a week after the European Commission approved the deal, which will create a company controlling a quarter of the global recorded music market.

Sony BMG - as the new company is to be called - will account for just over 25 per cent of the market, just below current market leader Universal, which also owns just over a quarter of the business. Together, independent labels account for a further 25 per cent, with EMI and Warner splitting the remaining quarter roughly 50:50.

Sony's Japanese music business, which was not part of the deal - essentially Sony is splitting off the business built out of its acquisition of CBS - sits among the indies.

Sony and Bertlesmann will each own half of the new company, which will commence operations on Monday, sources close to SME told us.

Now the battle begins between erstwhile BMG and Sony staffers, as the combined operation seeks to cut overheads and eliminate duplication among its workforce. ®

Related stories

Sony/BMG merger gets the nod
Sony - BMG wedding hit by EC spoiler
BMG to punt cheap, no-frills CDs
London council clamps down on Sony and BMG
EMI, Warner Music renew 'pre-nup talks'
Judge will not dismiss 'Napster investor' suit
Sony turns to video to boost music service
Sony Connect to launch 5 July, late

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?