Independent music company coalition IMPALA is taking a firm stance against the impending deal between Universal Music Group (UMG) and Tencent, believing that it will hurt both competition and consumers. Tencent is currently in the process of closing a $3 billion deal for 10% of UMG, with an option for another 10% at the same … Continue reading Independent Labels Take a Firm Stance Against UMG-Tencent Deal