Now that it is clear that, in the current regulatory environment, a merger with another major music company cannot be pursued at acceptable cost and risk, we will proceed as an independent, music-focused group.
More Quotes from Eric Nicoli:
We remain confident that digital music will return the industry to growth in due course.Eric Nicoli
These pleasing results, achieved in the context of a weak worldwide music market and in spite of the potential distraction of our merger discussions, demonstrate the fundamental strength and quality of EMI's businesses,
Eric Nicoli
Piracy remains a real problem for virtually every sector in every country in the world.
Eric Nicoli
The legal landscape has tilted dramatically. We have to work with everyone to discourage this.
Eric Nicoli
The withdrawal of our application allows additional time to reassess regulators' concerns and to pursue solutions simultaneously in Europe and the U.S,
Eric Nicoli
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