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EC balks at planned joint venture from large music licensing companies

Loek Essers | Jan. 15, 2015
Online music could become more expensive in the European Union (EU) if a joint venture of licensing companies gets the green light, according to the European Commission, which started an in-depth investigation into the planned collaboration on Wednesday.

What's more, it also aims to solve the problem of split-copyright invoicing ensuring that the systems will record copyrighted works accurately, reducing the possibility of licensees receiving incorrect invoices and eliminating hold ups and disputes, the societies said.

Interested parties will now be asked for more detailed input. The vast majority of notified mergers do not pose competition problems and are cleared after a routine review, said the Commission.

 

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