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Bosses of UMG’s Virgin rebut ‘false’ EU complaints over Downtown deal

By Andrew Boyce ( July 3, 2025, 14:21 GMT | Insight) -- The heads of Universal Music Group unit Virgin Music have sought to dismiss “fictions and falsehoods” being raised by critics urging EU competition regulators to block its $775 million takeover of Downtown Music. Co-chief executives Nat Pastor and JT Myers said in a note to staff that Virgin had no plans to exploit Downtown's data or shut down popular independent services, while describing the indie sector as thriving.The heads of Universal Music Group's unit Virgin Music have sought to dismiss “fictions and falsehoods” being raised by critics and “professional lobbyists” urging EU competition regulators to block its $775 million takeover of Downtown Music....

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