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Sony Agrees to $4 Billion Acquisition of Recognition Music Catalog
The company will acquire a music catalog containing more than 45,000 songs and over 150 individual catalogs in a transaction valued at $4 billion. The deal includes works by multiple legacy artists including Justin Bieber, Beyonce and Rihanna. The acquisition adds a large volume of existing songs to the buyer's publishing holdings.
May 11, 5:15 PM·1m read4 sources
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The transaction includes more than 45,000 songs along with over 150 separate catalogs. The acquired songs represent works by a range of legacy artists. The purchase adds a substantial number of existing titles to the acquiring company's music publishing portfolio. The deal is expected to close subject to customary regulatory approvals and other standard conditions.
Post by @YahooFinance on X
The agreement covers a broad collection of songs that have been released over multiple decades. Specific song titles and additional artist names included in the transaction were not detailed in the initial report. The scale of the acquisition reflects continued activity by major music companies in expanding their ownership of song catalogs.
Such deals allow the buyer to collect future royalty income from the included compositions across streaming, broadcast and other uses.
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CorroborationModerate · 4 sources
