CMA refers
Sony Music Entertainment / AWAL and Kobalt Neighbouring Rights merger to Phase
2
The Competition
and Markets Authority (CMA) has referred the completed acquisition by Sony
Music Entertainment of AWAL and Kobalt Neighbouring rights businesses from
Kobalt Music Group Limited to a Phase 2 merger investigation.
The CMA’s first
phase investigation found concerns about the loss of potential competition in
the wholesale digital distribution of recorded music in the UK
The CMA
considered that, absent the merger, Sony and AWAL could have competed more vigorously
in the future, in particular in relation to the wholesale digital distribution
of recorded music in the UK.
The CMA is
required to issue its final report is 2 March 2022.
https://www.gov.uk/cma-cases/sony-music-entertainment-slash-kobalt-music-group-merger-inquiry
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