Thursday, November 4, 2004
Impala, a trade group representing independent record labels in Europe. announced that it will be opposing the SONY-BMG merger approved by the EC this past July. According to an article from today's National Post, the independents that the increased consolidation in the recording industry has marginalized lesser known performers. The article reports that Michel Lambot, president of Impala, sees the consolidation as a blow against cultural diversity and self-determination. The EC's decision approving the merger was released in September. The FTC approved the merger also in July of this year.