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UMG’s Downtown remedy falls ‘far short,’ Worldwide Independent Network tells EU

( January 16, 2026, 14:46 GMT | Official Statement) -- MLex Summary: A global association of independent music companies has written to the European Commission, warning that remedies Universal Music Group has offered over its Downtown takeover “will not mitigate the grave risk that the merger poses to fair competition in the music market.” The Worldwide Independent Network said in an open letter to EU commissioner Valdis Dombrovskis that UMG’s proposal to divest Downtown’s Curve service falls “far short” as “the risks to the music market go far beyond Curve and data.”Statement follows....

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