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News

June 29, 2012
An investor group led by Sony Corp. completed its $2.2 billion acquisition of EMI Music Publishing Friday morning, a day after the Federal Trade Commission approved the deal for the EMI Group unit. Sony's partners in the EMI Music Publishing acquisition were the estate of Michael Jackson, Mubadala Development Co. PJSC, Jynwel Capital Ltd., Blackstone Group's GSP Capital Partners LP and David Geffen, a veteran entertainment mogul.

June 29, 2012
An investor group led by Sony closed its $2.2 billion acquisition of EMI Music Publishing on Friday, creating a giant force in music publishing, the unglamorous but lucrative side of the music business that deals with songwriting rights. Sony and the Jackson estate will have a 38 percent stake. The other investors are the sovereign wealth fund Mubadala of Abu Dhabi, Jynwel Capital of Hong Kong, Blackstone’s GSO Capital Partners and the Hollywood mogul David Geffen.

January 12, 2011
EMI’s recorded music unit — the sexy part of the business that produces albums by the likes of Katy Perry and Coldplay — was sold on the same day for $1.9 billion to the Universal Music Group, a division of the French conglomerate Vivendi.

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