EU Regulators To Decide On Sony’s Michael Jackson Deal By August 1st

Sources: Reuters | All Things Michael

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BRUSSELS – EU antitrust authorities will rule by Aug. 1 whether to allow Sony Corp buy out the Michael Jackson estate’s stake in its music publishing joint venture, a move which rivals such as Warner Music Group say gives Sony too much power.

Sony requested approval on June 24, according to a filing on the European Commission website. The EU competition enforcer can clear the deal unconditionally or demand concessions.

It can also open a five-month long investigation if it has serious concerns the deal may harm consumers and rivals.

ony signed a deal in March to acquire the stake that the deceased pop star held in Sony/ATV Music Publishing, the world’s largest music publisher, which owns copyrights to most of the Beatles’ songs and songs by the Rolling Stones, Taylor Swift, Pharrell Williams and Kanye West.

Warner Music Group has conveyed its concerns to the Commission, a person familiar with the matter told Reuters, while lobbying group Impala which represents independent labels and national trade associations, has also done the same.

 

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4 thoughts on “EU Regulators To Decide On Sony’s Michael Jackson Deal By August 1st

  1. I don’t even know what to hope for. It is so distressing to see Michael’s beloved catalogue sold. Breaks my heart. I have often wondered how the family feels abt this or if they had any input. And now we see that Michael’s bus was removed from Neverland last nite. Does this mean the ranch has been sold, also? It’s all too much esp after recent days. I feel like he’s slipping away little by little. 😞

    • I didn’t know that his tour bus was still there. I assumed that it was in the warehouse with the rest of his vehicles.

      You never know what is going to happen these days. If Michael can’t have the catalog, I don’t care what happens to it now.

      • I just saw posts that a bus was taken out during the night & it certainly looked like Michael’s. I agree with you on the catalogue. Cld care less who has it or what they do w/ it if it’s not Michael’s.

      • I just saw the video of the tour bus. Miko was overseeing it. I wonder what they were doing? It made me cry to see Neverland and watching them take it. Michael should be there living with his kids!! I hope that everyone that ruined Michael’s life pays for it dearly a hundredfold!!

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