US audio equipment manufacturer InMusic has confirmed it is considering taking legal action in a number of territories to block the acquisition of Serato by Pioneer DJ's parent company.
AlphaTheta Corporation confirmed a deal worth more than $100million for the Auckland-based music software company in July. The Japanese electronics giant now needs approval from the New Zealand Overseas Investment Office to proceed.
If that happens, the world's two dominant digital DJ and production platforms — Serato and rekordbox DJ, accounting for a combined 90% market share - would be owned by the same conglomerate. Concerns have been raised this effectively eliminates competition, which would be detrimental to innovation, and end users.
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Best guide to hip hop, soul, reggae concerts & events in San Francisco Bay Area, Los Angeles & New York City + music, videos, radio and more
Hugel
Saturday, Nov 7 @ Greek Theatre, Berkeley
Bonobo
Saturday, Nov 14 @ Fox Theater, Oakland
Pretty Lights
Thursday-Sunday, Nov 19-21 @ Fox Theater, Oakland
Ozomatli
Saturday, Nov. 21 @ UC Theatre, Berkeley
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