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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."

2 of 247 comments (clear)

  1. Now all we need... by Fooby · · Score: 0, Troll

    is for AOL-Time Warner to buy them out. Oh wait, Warner Brothers music is already one of the big four...

  2. Re:Beat Timothy with the Grammar Bat! by Nodatadj · · Score: 0, Troll

    But but but, that would have meant an editor had to actually....edit!

    More than just click a button!!!!

    No, surely you jest?