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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."

4 of 247 comments (clear)

  1. When asked... by Gentoo+Fan · · Score: 4, Funny

    Sony artists include Aerosmith, George Michael and Barbra Streisand, while the BMG stable has Avril Lavigne and Elvis Presley.

    Elvis unavailable for comment regarding the merger.

  2. There May Only Be One by Psymunn · · Score: 4, Funny

    Just one step closer to CocaWarner McMicroSonySoft

    --
    The Neo-Bohemian Techno-Socialist
  3. Oh, dear.... by mblase · · Score: 4, Funny

    Now there will only be 4 major labels

    That's like complaining that there's only four different types of manure. Any way you buy it, it's still crap.

  4. Re:There Can Only Be One by Anonym0us+Cow+Herd · · Score: 4, Funny

    Today IBMSNBCBS, owners of Fox/ABCNN, merged with CokeWarner McMicroSonyDisneySoft, completing the last possible corporate merger that had remained on planet Earth.

    --
    The price of freedom is eternal litigation.