Downtown General Manager of Music exploded the controversy of the Device Procurement in the letter

AWith production of $ 75 million in the center of music in the city center Virgin Music Group is heated, downstown CEO Pieter Van Rijn He says that the controversial agreement attracted more attention due to the buyer’s owner, the Universal Music Group (UMG), but the benefits of musicians would enjoy combination.

In the open letter that got BilbordWhich has arrived as the European Commission, the potential effect of acquisitions on the competition, Van Rijn, which called “subordinate” of our long-term and reliable client relationships …. – Several parts of our industry saw them quickly be installed. “He added that the procurement discussion, Announced 16. DecemberAnd its influence on the independent music community “must be honest. It must be about facts, not the program”.

While Van Rijn headed for the “merging” city center and Virgin, UMG ownership providers, European regulators are more concerned about the transaction’s potential to injure competition for artists and stickers. European regulators started in July Four-way investigation In acquisition after a standard preliminary examination, thanks to the fact that the highest label / publisher and annual revenues and market capitalization that enable independent recordings of artists and text to generate revenue and company of joints and CDs, including distributors of fugatrust.

The opposition was quickly set after the Virgin and in the center announced the acquisition. The day after revelation, the deal was contrary By independent music groups of Impal, an association of independent music (goal) and IMPF, a global trade body for independent musical publishers. Impala executable chair Helen Smith The invited transaction “Another Land” and invited European Competition Authorities “to put the standard internationally blocking contract.

But Van Rijn took a picture of the company’s acquisition as an opportunity to better serve independent artists who need a range of services to compete in a modern global music job. He called on the Device “work that harmonized with ours, not only in its philosophy, but also in the complementary services we offered.” The center approached other interested courts, Van Rijn said, but Virgo interest marked the first time in the city center “who wanted to invest in the city center, our team and our clients.”

Without the named names, Van Rijn referenced independent music groups that were “bereaved to oversight benefits for their members” to offer acquisitions. Independent artists, he continued, needed partners “to open the door and unlock the potential of their music.” He added that these artists will be better removed under the combined centers of virgins that could offer “more resources, higher support, innovative technologies, and until it only maintains, but in fact, the platforms and flexibility of our current offers.”

Van Rajn’s open letter followed similar statement Virgin Co-Ceos JT Meiers and Nat Pastor He explained the motivation behind the procurement in July (to combine the more robust and more flexible package of services “) in the hands of the company UMG’s company already handled – sensitive client’s hundredth partners,” they wrote. “Issued by trust our clients gave us self-destructiveness: they would quickly and completely right, ended the relationship.”

In his letter Van Rijn, he also recognized the concerns of artists on data protection, but insisted that “Virgo, like in the city center, is acted on trust. And, if they are not in progress, if they are not extended, and now they are not used for now.”