FRENCH TAX CREDIT FOR THE MUSIC SECTOR RENEWED FOR A FURTHER THREE YEARS…

The tax credit in France for music companies has been extended for three years to 2015. The decision of the French government was eagerly awaited by SMEs from the music sector and shows the will of the French Ministry of Culture to accompany these SMEs in their efforts in favour of musical production in France.

IMPALA OBJECTS TO EC APPROVAL OF UNIVERSAL/EMI MERGER

The independents welcome the EC’s conclusion that Universal’s power is a problem across the whole market, both digital and physical, including access to media. The Commission’s insistence on tough remedies, despite strong positioning by Universal, is also applauded, as well as its clear rejection of arguments that piracy and larger online players are restraining forces.

MERLIN REACTION TO EC APPROVAL OF UNIVERSAL/EMI

Reacting to the European Commission’s decision to allow Universal’s acquisition of EMI, albeit subject to extensive divestments, Charles Caldas, CEO of Merlin has issued a statement as follows…