Indie Label Collective Impala to Oppose Tencent-Universal Music Deal

Impala, the European trade collective that represents both independent labels and publishers, announced today that it is “gearing up” to oppose Tencent’s buyout of a 10% stake of Universal Music Group, with an option to add a further 10%. The organization is also concerned about “who might buy the additional UMG stakes that are up for grabs.”

Source: Indie Label Collective Impala to Oppose Tencent-Universal Music Deal

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