I think I need to look at other life options.” When asked what he considers the greatest album of all time he replies “how can someone who has devoted his life in the pursuit of musical perfection narrow this down to one album?” A true music enthusiast indeed.
Original Title
Mike Chadwick Clarifies His Position on Universal-EMI Merger With Senate
I think I need to look at other life options.” When asked what he considers the greatest album of all time he replies “how can someone who has devoted his life in the pursuit of musical perfection narrow this down to one album?” A true music enthusiast indeed.
I think I need to look at other life options.” When asked what he considers the greatest album of all time he replies “how can someone who has devoted his life in the pursuit of musical perfection narrow this down to one album?” A true music enthusiast indeed.
Essential's Mike Chadwick Clarifies His Position on Universal-EMI
Merger With Senate
Mike Chadwick managing director of UK-based Essential Music & Marketing has contacted the US Senate antitrust subcommittee to clarify his stance on the proposed merging of Universal Music roup and EM!" according to Music #eek$ %uring last week&s Senate hearing e'amining the deal" Chadwick was (uoted from a Music #eek )&* published last month" which he&d said in part+ !s ,the proposed merger- good for us. !t&s great for us+ there are loads of middle-level artists who are perfect for us$ !f we sell /0"000 records" !&m happy - we don&t have to sell a million records to make a profit$ *rtists who are unhappy gravitate towards companies like us$ 1hese huge amalgamations or mergers are really good for the indies$ #hether it&s actually good for the music business as a whole is a different matter entirely$ 2pinion+ Universal-EM! Senate 3earings 4illed #ith Misinformation" Missed 2pportunities Chadwick&s full statement to the Senate Subcommittee" according the Music #eek" follows$ *t press time" a rep for Universal had not granted 5illboard$bi6&s re(uest for comment$ 7ucian rainge&s testimony to the Subcommitee on *ntitrust" Competition 8olicy and Consumer 9ights last week contained a selective (uote from an e'pansive interview ! gave Music #eek maga6ine in the UK earlier this year$ Mr$ rainge suggested that ! believed the proposed merger was a positive step for the business$ !n fact" my interview offered a view in which ! (uestioned whether the merger would be good for the music business$ 1o clarify further" my company is a sales" distribution and services company and tends not to compete on label or artist signings with Universal or EM!" however ! nevertheless believe that the concentration of market power that would result from the merger would be a negative step for the industry and for independents$ My considered view is the increase in market share and market power of the merged company would give it too much leverage with important gatekeepers such as radio" 1:" music maga6ines and other media" as well as across retail$ 1here fore" although the transaction could free up certain artists" given Universal&s enhanced market power" those artists would have significant difficulty in accessing media and commercial outlets on level terms$ * merger would also enhance Universal&s ability to abuse its dominant Mike Chadwick position in the emerging digital market and this would be certain to disadvantage independents in their ability to compete across the world$