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HITS LIST, YUP
IMAX version available (8/12a)
SURPRISE MEGAN DROP—"LET'S RUN THIS LAST ONE UP"
That's that, all of a sudden. (8/12a)
NEW & DEVELOPING
ARTISTS: Q3 EDITION
The stars of tomorrow—and one star of the moment (8/12a)
TOP 20: THE RACE
FOR #1 IS ON
It's neck and neck at the turn. (8/10a)
WE'RE SORRY TO BOTHER YOU, BUT WE JUST HAD TO TELL YOU
Oh, no, not again. (8/12a)
RISE OF THE INDIES
How they're reshuffling the biz deck.
THE LATIN-MUSIC MARKETPLACE
Thoughts on a changing landscape.
KETCHUP
It's everywhere.
THE NEXT HUGE CATALOG STORY
Another stunning return.
Blighty Beat
SONY'S AWAL BUY APPROVED
3/16/22

Sony’s acquisition of AWAL has been cleared by the U.K.’s Competition and Markets Authority following an in-depth inquiry after the body identified competition concerns.

Today, the CMA announced that it has upheld findings that the deal does not substantially reduce competition in the U.K. and may not be expected to do so in future.

“We launched this inquiry as we wanted to be sure that this deal wouldn’t lead to worse outcomes for artists and fans,” Margot Daly, Chair of the independent CMA Inquiry Group, said. “The music industry is vital to the U.K. economy and effective competition ensures that it works for everybody.

“Having carefully assessed the merger we found that it is not likely to affect competition in a way that will reduce the choice or quality of recorded music available or increase prices.”

The CMA’s inquiry focused on overlaps between Sony’s The Orchard and AWAL, assessing to what extent the two companies may be expected to compete to provide artist and label services. It also examined the competition between Sony and AWAL to sign successful artists and those with potential.

It concluded that there’s enough outside competition for The Orchard and AWAL in the market, and the competition between Sony and AWAL was expected to continue “only on a limited basis.”