Wilmar and First Pacific would prefer a friendly deal through a board -
backed scheme of arrangement, but analysts said they may have to go hostile at some stage.
The ACCC «has reauthorised the Australasian Performing Right Association's (APRA)
arrangements for the acquisition and licensing
of performing rights in music, subject to certain conditions», including requiring APRA to «produce a comprehensive plain English guide to its licences, as well as a guide that increases awareness
of the licence
back and opt out provisions» and «to implement a new alternative dispute resolution (ADR)
scheme that will be independent, affordable and practical for a range
of disputes and applicants».