EC Approves Unconditionally Sony-BMG Merger

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."

Comments

I don't know if it really makes much difference

[nebaz]

There were what 4 and now 3 big companies? Still not a monopoly, and didn't they already get convicted of price fixing with just the 4 of them? What we have here is an oligopoly, before and after. I realize that this will be one big player, but can you think of any abuses that could be perpetuated now that couldn't have been (and weren't) done before? I think Anti Trust issues only come in when a true monopoly occurs.

More slashdot consistency.

[mumblestheclown]

First slashdot cries that RIAA members are fat middlemen then do nothing for the artists. Won't somebody please think of the artists!

But when 2000 job cuts are imminent, suddenly those workers are just hardworkin' folk.

Look, idiot submitters: consolidation and merger between relative equals happens in SHRINKING industries (makes hand gestures like Ben Affleck trying to explain basic economics to Jay and Silent bob from that "strike back movie"), not expanding ones. so maybe, just maybe you tinfoil hat crowd can see this as a *good* thing for your nevertheless ill-thought out anti-riaa crusade.

note: i challenge anybody to suggest how apple selling music is fundamentally different than wal-mart doing it in the sense that neither wal-mart nor apple can really promote artists other than one can give britney an endcap and the other can give her some banner ad or other prominent website mention. at the end of the tune, itunes, the coca-cola music store, and every other digital music place that is popping up whack-a-mole fashion are just RETAILERS. there is a massive difference between this and actual promoters and distributors and the difference will continue to grow as there are more and more digital retail outlets out there and so the incentive for an individual retailer to be anything but a bottom feeder pricewise shrinks more and more.