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Meanwhile, though Sony Music marked a revenue drop of 3.1% for the fiscal third-quarter, the unit trumpeted a 50% increase in profit—a bright spot, actually, amid the parent company's 26% overall profit plunge.

EC TO LOOK HARDER AT SONY-BMG

With European Regulators Reportedly Planning Phase 2 of Merger Scrutiny, Sony Music Reports Profit Jump
According to published reports in the  London Times and elsewhere, the European Commission plans to extend its review of the proposed Sony-BMG merger to a second phase.

Numerous competitors, including at least two majors and the indie consortium IMPALA, have expressed vociferous opposition to the marriage of the two music giants (see story, 1/27).

An announcement on the EC decision is expected soon.

Meanwhile, though Sony Music marked a revenue drop of 3.1% for the fiscal third-quarter, the unit trumpeted a 50% increase in profit—a bright spot, actually, amid the parent company's 26% overall profit plunge.

REVENUE CHART:
MONEYBAGG’S DOUGH
His first stop at the top (5/6a)
TOP 20: SO NICE THEY NAMED IT TWICE
Khaled gets another party started. (5/6a)
TRILLER, SOUNDCLOUD LAUNCH PLATFORM INTEGRATION
A heartwarming virtual hook-up (5/6a)
A ZHU-PHORIC NIGHT
Vaxxed and masked, Nicole ventures out. (5/6a)
BROADWAY REOPENS THE BOX OFFICE
The Great White Way begins to repopulate. (5/6a)
RHYTHM, BLUES AND THE FUTURE
The musical tapestry we know as R&B.
WHO'S NEXT?
Predicting the next big catalog deal.
JUST THE VAX, MA'AM
Once we all get vaccinated, how long before we can party?
WORLDWIDE GROOVE
How is globalization bringing far-flung territories into the musical mainstream?
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