Sony will become the largest publisher of music in the world after a deal worth $ 2.3 million

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Concluded Sony deal to acquire 60 percent of shares in the company EMI Music Publishing-owned by investment firm Mubadala Investment Company. This gives the page which is worth US $ 2.3 billion to buy Sony owning the controlling interest in the company EMI Music Publishing which is approximately 90 percent, making it the largest publisher of music in the world.

Includes company catalog EMI Music Publishing the likes of The Beatles and Pink Floyd and Queen and Arctic Monkeys and Tina Turner and countless singers others.

This is the first major step of President new CEO of Sony, Mr. Kenichiro Yoshida, who believes that the music industry is in the best condition thanks to music services like Spotify and the Apple Music and DeeZer and Youtube Music. Before concluding we would like to point out that this page are now subject to regulatory approval.

Source.

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