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…

SPAIN TRAMPLES EU LAW ON COPYRIGHT AND NEIGHBOURING RIGHTS, PUTTING AT RISK A MAJOR FINANCIAL RESOURCE FOR ARTISTS AND THE CULTURAL AND CREATIVE INDUSTRIES

At a time when the Spanish government is asking billions of Euros of solidarity to bail the country out of its financial problems, the same government is disowning its commitment under EU legislation (article 5.2.b) of Directive 2001/29/EC) to provide a system to compensate artists and the film and music industry for the private copying of audio and audiovisual works.

IMPALA CONTINUES ITS OPPOSITION TO THE UNIVERSAL/EMI MERGER

At an IMPALA board meeting yesterday, the board voted to continue its opposition to the Universal/EMI merger, underlining its concerns that any remedies would have to be able to deal with the concerns raised by the European regulators regarding the impact of the merger.