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EC Approves Unconditionally Sony-BMG Merger

Posted by timothy on from the smoosh dept.

Paul Slocum writes "Just when you thought the music industry couldn't get any worse, Sony and BMG are merging. Now there will only be 4 major labels, and they estimate that 2000 jobs (25% of combined workforce) will be cut." An anonymous reader points to Reuters' report on the planned merger, which points out that "Vivendi-owned Universal and Sony BMG, as the new company is to be called, account for about 46 percent of music sold worldwide."

1 of 247 comments (clear)

  1. A weak market... by timeOday · · Score: 0, Flamebait

    leads to consolidation, right? Not that any of us would ever accept that p2p has weakened music sales...