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.
This story is from the 1 June, 2018 edition of Bloomberg Businessweek Middle East.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the 1 June, 2018 edition of Bloomberg Businessweek Middle East.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Golfing With The Enemy
Did Donald Trump's executives violate the Cuban embargo?
Super-Rich Syrians Wait for War's End
Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate
The Red Tide Sweeping The Caribbean
Russia and China are building influence in the US’s backyard.“They want to use their presence to provoke”
School Choice, Beijing Edition
Parents pay top prices for shabby apartments in the right districts. “We had to sell our bigger place and crowd into this small one”
Saudi Arabia's New Heir Leads Revolution Of Powerful Millennials
Heir to the Saudi throne represents the nation’s progressive youth.“The country’s authorities are attempting to implement several generations’ worth of reforms”
Qatar Test For Tillerson's Gulf Strategy
US Secretary of State Middle East experience put to test.“The US should think twice before taking sides on this”
Microsoft Bug Testers Unionised, Then They Got Terminated
The subcontracted workers challenged their firing, but they couldn’t hold out
Have You Considered Majoring in Overwatch?
South Korean kids are signing up for a new breed of prep school in hopes of becoming pro gamers
Amazon Isn't Paying Its Electric Bills
The company is passing on infrastructure development and other costs to residents in at least two states
China Cleans Up Its (Trash) Act
Stricter rules on imported recycled goods have mainland businesses buying U.S. plants to get their waste
