Slashdot Mirror

← Back to Stories (view on slashdot.org)

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. So what? by ElForesto · · Score: 5, Interesting

    So what if they merge? I've noticed a lot of smaller labels starting to come into the market, and one of my favorite bands, Vast, switched to one of them. Let the big guys get bigger. This market is going to be dominated by little guys once again.

    Anyone remember their history? As I recall, it was a revolt against ASCAP that lead to the formation of RCA. Or do I have my names wrong?

    --
    There is a difference between "insightful" and "inciteful" other than spelling.