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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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Robin Givens To Star In New Oprah Winfrey Network Series

"Think Like A Man's" Will Packer Will Produce "Ambitions"

The Oprah Winfrey Network has announced the start of production for what they are hoping will be a new hit series on OWN.According to OWN, "Ambitions" is a multi-generational family saga centered around one woman who, having recently relocated and intent on revitalizing her marriage, finds herself going head to head with some of the most powerful and deceitful players in the city."Ambitions" is being filmed in Atlanta. It will be produced by Will Packer Media in association with Lionsgate.The saga will feature some big names like Robin Givens ("Riverdale," "The Fix," "The Bold and the Beautiful"), Essence Atkins ("Marlon," "Half and Half"), Brian Whi

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GWEN STEFANI SET TO LAUNCH NORTH AMERICAN

GWEN STEFANI SET TO LAUNCH NORTH AMERICAN“THIS IS WHAT THE TRUTH FEELS LIKE TOUR”Special Guest, EVE, to Join the Tour on All DatesTickets on...