Sony Wins European Union OK To Buy EMI Music Publishing

The clearance still leaves Sony waiting for the Federal Trade Commission, which is expected to take a few months before deciding whether to approve the $2.2B deal. But it’s still a big step forward for Sony’s ambition to make its Sony/ATV subsidiary — a joint venture with Michael Jackson’s estate — the No. 1 owner of music publishing rights. EMI’s catalog includes standards such as New York New York, You’ve Got A Friend, Ain’t No Mountain High Enough, Over The Rainbow, I Heard It Through The Grapevine, Singin’ In the Rain, and The James Bond Theme. The EU said that it would approve the acquisition once Sony divests four  catalogs — Virgin UK, Virgin Europe, Virgin US, and Famous Music UK — and works  by 12 contemporary songwriters including Gary Barlow, Ozzy Osbourne, Robbie Williams, Ben Harper, Lenny Kravitz, Placebo and The Kooks. With that agreement, (more…)

This article was printed from https://deadline.com/2012/04/sony-wins-european-union-ok-to-buy-emi-music-publishing-258813/