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Both Infinity Broadcasting and Bertelsmann Music Group each were eager to set up shop in the 2. Germany-based Bertelsmann Music Group (BMG) has announced that Antonio "LA" Reid, the co-founder and co-president of Atlanta-based LaFace Records, has been appointed president and CEO of New York-based Arista Records, a division of BMG. In a statement, the commission said it was concerned the merger will lead to only four firms - Warner/EMI, Seagram's Universal Music Group, Bertelsmann Music Group and Sony Music - gaining control of ``some 80 percent'' of the European market, comprising the 15 EU nations, plus Norway, Iceland and Liechtenstein. |
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