Friday, 15 June 2012

UMG-EMI merger heads to Congress

Universal's proposed takeover of EMI's recorded music division will get a congressional hearing next week with a public airing of the arguments for and against the acquisition in the USA - with five music industry veterans booked to speak - Lucian Grainge, Roger Faxon and Irving Azoff expected to speak for the UMG-EMI tie up and , Edgar Bronfman Jr and Martin Mills agains,t along with  Gigi Sohn from American lobby group Public Knowledge. The congressional session will now take place next Thursday, 21 Jun.

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