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Small Record Labels to Appeal Sony-BMG Merger at EU High Court

Impala, a group representing 2,000 smaller record labels, said Wednesday it would ask the European Union's high court to overturn a decision by EU regulators approving the merger between the music units of Japan's Sony Corp. and Germany's Bertelsmann AG. The group contends the deal, which creates the world's second largest music company, would unfairly concentrate power in the hands of a few companies.

November 04, 2004 at 12:00 AM

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