"Unimaginable in Any Other Sector" – Impala's Helen Smith on Planned Downtown Acquisition

European regulators won’t fall for UMG’s tricks a second time says IMPALA boss

“Even an American utilities company wouldn’t try this on!”That’s how one US lawyer summed up Universal Music’s proposed acquisition of Downtown Music Holdings to Helen Smith, the CEO of IMPALA. And in fewer than ten words, it captures why Europe’s independent music trade body thinks the European Commission will slam the door shut on Lucian Grainge’s latest shopping spree.Writing in a strongly-worded op-ed, Smith argues that the EC is unlikely to…

“UNIMAGINABLE IN ANY OTHER SECTOR” – IMPALA’S HELEN SMITH ON PLANNED DOWNTOWN ACQUISITION

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"Unimaginable in any other sector" – Impala's Helen Smith on planned Downtown acquisition

Last week, the European Commission started its investigation into UMG’s planned acquisition of Downtown Music Holdings. A number of independent music companies and others in the space have raised their concerns in Brussels – and the executive chair of one of them, Impala’s Helen Smith, has penned this guest column: The post is from Music Ally.