Virgin Music Co-CEOs Slam ‘Fictions and Falsehoods’ Around Downtown Deal

Virgin Music co-CEOs slam ‘fictions and falsehoods’ around Downtown deal

It’s fair to say that this is the week the public fightback against criticism of UMG’s planned acquisition of Downtown Music began. The post is from Music Ally.

European songwriter organisation ECSA joins call for EU to block UMG’s Downtown deal

The European Composer & Songwriter Alliance is the latest organisation to call on the European Union to block Universal Music’s deal to buy Downtown Music Holdings. The organisation, which represents more than 30,000 professional songwriters and composers from 59 member organisations across Europe, argues that the transaction will further “exacerbate market concentration” in the music sector and “reduce the options available” to composers and so…