The Federal Trade Commission has approved a Sony-led consortium's purchase of EMI Music Publishing, without having to make any divestitures, the FTC said on Friday. U.S. antitrust regulators gave the nod ...
The EU's approval of Sony's $2.2-billion acquisition of EMI's publishing business clears a major hurdle in Sony's ambition to create the world's largest music publishing group.The European Union's antitrust regulators have approved Sony Corp.'s $2.2-billion acquisition of EMI's publishing business, clearing a major hurdle in Sony's ambition to create the world's largest music publishing group with rights to about 2 million songs, including some by David Bowie, Stevie Wonder and Pink.
European competition regulators Thursday approved a $2.2 billion takeover by Japan's Sony and Emirates investors of EMI Music Publishing which holds the rights to global pop stars such as Rihanna.The European Commission said the approval was conditional on Sony and its partners in the Mubadala investment fund selling off the music publishing rights to other artists including Ozzy Osbourne, the European Commission said.
The $4.1-billion deal calls for Universal to acquire EMI's recorded music division from Citigroup for $1.9 billion and Sony to acquire EMI's music publishing business for $2.2 billion.The century-old EMI Group music company has been split in two and sold for $4.1 billion to Universal Music Group and Sony Corp.
BRUSSELS (Reuters) - EU antitrust regulators cleared Universal Music Group to buy British record company EMI's recorded music unit for $1.9 billion on Friday after the Vivendi-owned company promised to sell some of EMI's most valuable record labels. The European Commission said in a statement that the asset sales, ranging from EMI's Parlophone label to Chrysalis, Mute, EMI Classics and also Universal labels such as Sanctuary and Co-op Music Ltd, allayed its concerns about the combined group's market power. ...
Vivendi's Universal Music Group and Sony won the auction for EMI's recorded music and music publishing operations, trumping bids by archrivals Warner Music Group and BMG Music Publishing at the 11th hour.
Red Bull Media House has inked a global admin agreement with Sony/ATV/EMI Music Publishing, including publishing rights for artists signed to Red Bull Records such as certified multi-platinum US-act Awolnation, Twin Atlantic, Five Knives, Blitz Kids and Itch. “Our multifaceted approach as a media and content production company means that we can support both established and up-and-coming artists by offering unique and exciting opportunities,” says Martin Brem, head of audio portfolio at Red Bull Media House.