Watchdog Says There Are Competition Concerns After Sony’s Recent Purchase

Sony Music recently acquired Awal, and a UK watchdog now fears that this will give the large music company a substantial monopoly in the market, prompting competition concerns.

The CMA (Competition and markets authority said: “The CMA is concerned that the loss of an innovative competitor like AWAL could, despite continued presence of the other major labels, lead to worse terms for artists and less innovation in the music sector.”