Parlophone sale - Merlin comment

Merlin CEO Charles Caldas said: "This is a positive result for our members. Throughout this process, we have been clear that a market featuring two "maxi-majors" with a crowd trailing in the distance spelt danger for innovative new digital services. We believe this outcome will create an environment in which both Warner and the independent sector can compete effectively, and in which we will be able to assist our members and digital services continue the job of re-inventing the music business."

Merlin Head of Business Affairs Charlie Lexton said: "A competitive market guards against one or two big players dictating terms for everyone else – and this outcome can help prevent that. From Merlin's perspective, a more level playing field should help us to continue to deliver the best deals for our members and their artists."

February 8, 2013 4:51am ET by Pressparty   Comments (0)

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