Thursday, November 15, 2018
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Netflix Expanding Streaming Business in India and Asia

Netflix Committed to Expansion in Asia

With 130 million paid memberships is more than 190 countries, Netflix has announced eight new original films and one new original series from India.  It is all a part of the company's rapid expansion of India content, which company leaders say reinforces Netflix's commitment to Asia. Netflix CEO Reed Hastings and Chief Content Officer Ted Sarandos joined performers and creators for the announcement.

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Deal Done: Sony / EMI Music Publishing Merger Completed

Sony / EMI Music Publishing Merger Completed

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,

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AMP 92.3’s Rick Thomas Talks to All Radio News

The winner of the All Radio News Top 10 Rhythmic PDs, Top 40 Amp 92.3's Rick Thomas took a minute to give us an...