Hard Rock Hopes Reverb Will Become the New Generation Of Music-Centric Hotels
"Atlanta is the perfect location for our first Reverb, as it is rich in music history, spanning from the greats like Ray Charles and the Black Crowes to current popular artists like Ludacris, Usher, Ciara and John Mayer," began Todd Hricko, senior vice president, global hotel business development for Hard Rock Hotels.
Hard Rock International has announced a new hotel concept called Reverb by Hard Rock. It is the company's entrance into the select service hotel industry.
"Reverb by Hard Rock will spotlight the guest in a whole new way and create a place for those who eat, sleep and breathe music to unite and
Sony has finished up its acquisition of EMI Music Publishing. The news was discovered in a filing with the SEC Wednesday. The merger is expected to give Sony nearly $1.3 billion in revenue.
News of the deal comes about three weeks after the EU Commission gave the deal regulatory approval.
However, back in 2012, Sony and other investors acquired EMI Music Publishing for $2.2 billion dollars. To finish the outright ownership deal that was valued at $4.75 billion dollars, Sony paid about $2.3 billion to buy out the other investor groups.
To get the deal done, Sony paid $287.5 million to the Jackson estate for its nearly 10 percent share. Sony also agreed to assume $1.359 billion in debt. According to the SEC filing,