Sony Corp takes aim at catalog of 2.1m songs
Sony Corp. is buying EMI Music Publishing, getting its hands on a catalog of 2.1 million songs from Beyonce, Carole King and other artists as it embarks on a new growth plan built on content and services.
The Japanese company will buy about 60 percent equity interest from a consortium led by Abu Dhabi’s Mubadala Investment Co. for about $2 billion, Sony said in a statement. The Tokyo-based company already owns almost 40 percent of EMI, operates the business and had been in talks to buy the library for the past few months.
Diese Geschichte stammt aus der 1 June, 2018-Ausgabe von Bloomberg Businessweek Middle East.
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Diese Geschichte stammt aus der 1 June, 2018-Ausgabe von Bloomberg Businessweek Middle East.
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