On Wednesday, November 4, a trade association representing approximately 2000 small European record labels announced that it would appeal the merger approval granted in July by European Union (EU) commissioners. Impala, as the association is known, contends that the merger concentrates too much power and market control in too few hands.
Impala will make its case before the EU's high court. Should its petition succeed, EU regulators would have to reverse an unconditional approval and order the…