Wednesday 23 May 2018

which company will buy EMI Music ?

which company will buy EMI Music ?

options

1) Sony Corp

2)Universal Music Group

3)Capitol Records

4)none of the above


answer

1) Sony Corp


Other details

Sony Corp  would pay about $2.3 billion to gain control of EMI Music Publishing,

Wholly owned unit Sony Corporation of America will buy all of the roughly 60 percent stake in EMI Music held by Mubadala Investment Company, increasing Sony's holding to 90 percent and making it a consolidated subsidiary

The acquisition is the biggest so far by new CEO Kenichiro Yoshida,

EMI Group Limited was a British multinational conglomerate founded in March 1931 in London.
At the time of its break-up in 2012, it was the fourth-largest business group and family of record labels in the recording industry, and was one of the big four record companies

Founded     31 March 1931
Headquarters     Westminster, London,

Sony Music Entertainment is an American record label conglomerate owned by Sony and incorporated as a general partnership of Sony Music Holdings Inc. through Sony Entertainment Inc., a subsidiary of Sony Corporation of America. 
Headquarters: New York City, New York, United States

Executives: Rob Stringer (CEO), Kevin Kelleher (COO),

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