Feeds

US green-lights Sony BMG merger

Implementation starts Monday

  • alert
  • submit to reddit

SANS - Survey on application security programs

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

SANS - Survey on application security programs

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.