Sony’s Acquisition Of EMI Publishing To Be Approved By EU Regulators

Posted on Apr 19 2012 - 9:52am by Editorial Staff

Sony Music acquisition of EMI Publishing which gives Sony the publishing rights to the output of hundreds of songwriters is set to be approving by the European Commission for $2.2 billion, reports The Financial Times. The deal results in Sony grabbing market share to around 25-30 percent. The deal still has to go a long way, have to be passed by regulators in the US, Australia, and Brazil before going ahead, and when complete will be worth around $25 million in revenue each year to Sony.

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.