V2 Weighs In On MoS / AIM Controversy

LONDON (CelebrityAccess MediaWire) — Britain-based record label V2 has called for a truce between its fellow independent label Ministry of Sound and Europe’s trade bodies, according to Billboard.biz.

In a statement issued by V2 Music Group CEO Tony Harlow and V2 U.K. managing director David Steele, the company urged the independent community to show a united front, and described MoS’ recent berating of AIM and Impala as “a total distraction” which fails to “recognize that the war is actually being lost on all sides.”

“We constantly claim to be a ‘grown up’ business and yet this needless squabble seems to reflect our inability to accept that these rules are bigger than us and bind us like any other business,” the letter reads. “The fight for Impala (and therefore AIM) has never been a zero sum game, it has always been about the creation of the fairest playing field possible. This may not end up being totally fair, but at least it must be better than what we face in the year 2007 without any remedies and within two monoliths dominating the business.”

The letter comes in response to MoS recently threatening AIM and its European counterpart Impala through three publicly-issued statements accusing the associations of constitutional failings and called for sackings as part of a string of demands.

MoS’ outrage was caused by Impala’s recent agreement with Warner Music Group, vowing to support a WMG bid proposal for EMI Group.

In protest, MoS and Gut subsequently resigned from AIM, which is a member of Impala. –by CelebrityAccess Staff Writers

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