The European Union recently announced that it expects to re-examine the Sony BMG merger and make a decision regarding its legality by March 1. Thanks to the independent, non-profit trade association Impala, a European court last year controversially threw into question the validity of the 2004 Sony BMG merger after Impala lobbied the EU. And now, because of Impala's efforts, either Sony BMG will either continue as a merged company (boo) or a potential four-month long probe will be launched, with a possible merger break-up.
"We have been contributing to the Commission’s investigation and will continue to do so, to ensure that the problems identified by the court are properly resolved," said Impala and Beggars Group Chairman Martin Mills in a statement. "This is essential for artists and music fans alike."
Of course, parent companies Sony Corp. and Bertlesmann don't want to upset their stockholders by waiting passively with their thumbs wiggling oh-so-gently up their mothers' smellholes, so they reworded and resubmitted their merger application to European Union regulators, with a slight spray of Jacques Polge's Coco Mademoiselle perfume for good measure. And despite any indifferent aloofness you might detect from the other majors, you can bet your sweet, sexy hips that they're very much concerned with the verdict.
