Sony owns 28.4% of the American market and if they buy Warner Music, they will add another 19.4%. That would seem to make an astounding 47.80% of the US market.
Care To tell me again how the major labels are dead. 50%.
If the Feds let this go through, the Wild West woulldn't begin to describe. Unbridled capitalism leads to monopolies and price gouging (unless you're Live nation-then it leads to bankruptsy).
Well, be that as it may, BMG Rights Management is in talks with Sony to pick up Warner music for 2.8B.
Lest we forget, everybody of a certain size, all the Battle creeks and Merges have distribution deals with the majors. So, before we bury the majors let's remember that they are the only game int own.