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Sony Music Acquires Michael Jackson Estate’s Share of EMI Music Publishing

MsJennyb August 1, 2018 Uncategorized Leave a comment

-blogged by @theRealAlexisDanielle

Sony Music has announced that it has acquired the share of EMI Music Publishing owned by Michael Jackson’s estate. According to Billboard, the deal cost a total of $287.5 million and will secure Sony’s full ownership of the company.

Sony began a motion for the complete acquisition of EMI back in May for a total of $2.3 billion. Sony is also set to take on EMI’s $1.4 billion debt. However, before the deal can be finalized, it must be vetted by regulatory agencies.

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Once finalized, this deal will aid Sony in its overall goal in playing a bigger role in the music business globally, according to Sony President Kenichiro Yoshida.

Tags Michael Jackson

About MsJennyb

Jen is a Writer and Content Curator for Baller Alert, who writes under the alias “MsJennyb.” In this role, Jen develops and contributes relevant special-themed content to attract readers.Before joining the Entertainment Industry via Baller Alert, Jen spent one year as a Freelance Writer and two years as a Human Resources assistant in a corporate office. Jen has a degree in Criminal Justice from Rutgers University with a concentration in Africana Studies.