Governor Greg Abbott and Broadcast Music, Inc. (BMI), the global leader in performing rights management, today announced that BMI is expanding its presence in the Lone Star State and will open its first creative office in Austin, Texas.
The new office, expected to open in early 2019, will allow BMI to work directly with the talented songwriters, composers, publishers and emerging songwriter/artists in the thriving Austin music community and help enhance their ability to earn a living by writing music. The BMI office is being opened with the suppor
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,