BMG-Concord merger under review by Australian watchdog
( June 19, 2026, 04:18 GMT | Official Statement) -- MLex Summary: Bertelsmann and Axton’s plan to merge their music businesses — BMG and Concord — is under review by Australia’s competition watchdog. The Australian Competition & Consumer Commission said German multinational Bertelsmann and Axton Holdings plan to establish a new joint holding company, New MusicCo, combining their recording and publishing operations. Both companies operate globally and in Australia, supplying music publishing services and recorded music products. Submissions are due by June 26.Statement follows. Questionnaire attached....
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