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Europe Daily Bulletin No. 7737

15 June 2000
Contents Publication in full By article 26 / 41
GENERAL NEWS / (eu) eu/competition
Detailed inquiry on Time Warner/EMI merger

Brussels, 14/06/2000 (Agence Europe) - The European Commission has opened a detailed inquiry into the merger between Time Warner and EMI in the musical sector. The Commission points out the inquiry will focus on three areas: 1) recorded music: the merger will lead to an oligopoly of four firms - Time Warner/EMI, Universal Music Group (Seagram, Canada), Bertelsmann Music Group and Sony Music - that will control around 80% of the EEA market; 2) music publishing: "Time Warner/EMI will control...

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