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Aim's AGM drew ah audience of more than 300, made up primarily of record company members. I wonder if, when they are signing and developing artists, they consider themselves as mere content providers? Because that is how we ate viewed by the powerful new kids on the block who are busy eyeing up the UK broadcasting industry.
The new Communications Bill, if adopted, will allow for sweeping changes of ownership within the UK, with the prospect of Disney, Clear Channel, Viacom and AOL Time Warner buying up large tracts of the UK broadcast media.
Will this be good news for the British record industry? I fear not. We have seen and lived with the effect of vertical integration in the music business, and we have competed and survived. The independent sector's market share is testament to the artistic strength and commercial intelligence of the independents. But media consolidation brings a real danger that vertically-integrated companies with huge content production interests will lever their own content interests in abuse of the notion of artistic independence and integrity.
Meanwhile, the US music industry continues to make stealthy inroads into our core market. Imagine what happens once those same, largely foreign-owned, ...