New UMG Divestment Scrutiny

New UMG Divestment Scrutiny
Following a recent report, there have been two new developments in Universal Music Group's divestment proposals in its bid to acquire EMI Music. In the United States, American Association of Independent Music President Rich Bengloff sent a letter to the Federal Trade Commission asking regulators to block the acquisition, but short of that, mandating more severe divestments than UMG is currently proposing in Europe. Meanwhile, the Telegraph reported that part of a EU test-market questionnaire asks Euro Zone parties if UMG's proposals include a "sufficient proportion of Anglos and/or American repertoire." U.S. regulators have yet to weigh in on the proposed merger. (8/6) 

Latin Recording Academy Honoree Chavela Vargas Dies
Legendary Mexican singer Chavela Vargas, who received a Lifetime Achievement Award from The Latin Recording Academy in 2007, has died from heart and respiratory problems. She was 93. Vargas challenged gender stereotypes in the ranchera genre, and in so doing became not just the most important female singer of Mexican folk songs, but one of the genre's definitive artists. According to reports, Vargas recorded approximately 80 albums. She was a significant part of Mexico City's artistic renaissance of the mid-20th century that included her friends, painters Frida Kahlo and Diego Rivera. (8/6)

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