Wednesday, 9. June 2004
Topic: COMPUTER - on June 9, 2004 at 2:20:00 PM CEST
Sony - BMG wedding hit by EC spoiler
Sony and Bertelsmann Music Group (BMG) have denied that they work together to fix CD prices and that a merger of the two record companies would reduce competition.
Last month the EC sent the companies a "statement of objections" detailing its concerns about the proposed merger. Competition Commissioner Mario Monti believes the deal would further reduce consumer choice. He is also concerned that savings in overheads made by the companies would not be passed onto customers in the form of lower prices.
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