Sony to become world’s largest music publisher, buys EMI for $2.3 billion

Reading Time: < 1 minute Post Views: 2,647 The Japanese Technology and content giant Sony Corporation said on Tuesday it would pay about USD 2.3 billion to gain control of EMI, becoming the world’s largest music publisher. According to a Reuters report, the acquisition will give Sony a music portfolio of over 2 million songs from artists including Kanye West, Sam Smith, and Sia. The deal is part of new CEO Kenichiro Yoshida’s mission to make revenue streams more stable with rights to entertainment content. Currently, Sony owns about 30% of EMI. After the deal,…

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