Sony Buys Michael Jackson’s Remaining Stake in EMI Music Publishing for Full Ownership

Stacks of 2017 50 subject uncut sheets of $1 dollar notes bearing the name of U.S. Treasury Secretary Steven Mnuchin sit in a machine at the U.S. Bureau of Engraving and Printing in Washington, D.C., U.S., on Wednesday, Nov. 15, 2017. A change in the Senate tax-overhaul plan that would expand a temporary income-tax break for partnerships, limited liability companies and other so-called "pass-through" businesses won the endorsement of a national small-business group today. Photographer: Andrew Harrer/Bloomberg via Getty Images

Sony Music released their Q1 earnings today, which revealed its acquisition of the Michael Jackson estate’s 21.5% share of EMI Music Publishing, leading to full ownership of the company.

Sony paid $287.5 million for the remaining share of EMI, Billboard reports.


VARIOUS, VARIOUS – JUNE 25: Michael Jackson performs in concert circa 1988. (Photo by Kevin Mazur/WireImage)


This is a step in the right direction for Sony CEO and president Kenichiro Yoshida, who said this year that he would like the company to play a bigger part in the global music business.

Other points of note in Sony Music’s Q1 earnings include a 30% bump in streaming revenues, a 30% decrease in physical product sales, and an 8% improvement in total revenue, likely due to visual media and platform sales. Camila Cabello, Pink, Calvin Harris, and Dave Matthews Band were some of Sony’s top performers of the quarter.



To read original story from CLICK HERE!



Best Childhood Foods You Get To Enjoy Again Thanks To Being A Dad Keanu Reeves Took a Road Trip With Fellow Passengers After His Plane Made an Emergency Landing Lifetime announces miniseries about Salt-N-Pepa There Is Literally No Way You’re Going To Pass This Quiz If You’re Under 25 Inside Marvin Gaye’s never-released 1972 album “You’re The Man” The Temptations’ story comes to Broadway “Ain’t Too Proud”