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# Sony Takes $2.3B Controlling Stake In EMI
- URL: https://www.hypebot.com/sony-takes-23b-controlling-stake-in-emi/
- Published: 2018-05-22T09:02:00.000Z
- Updated: 2018-05-22T09:02:00.000Z
- Description: With a check for $2.3 billion, Sony has become the world's largest music publisher. The deal adds a catalog of more than two million songs from EMI Music Publishing, including hits. Continue reading [https://www.hypebot.com/hypebot/2018/05/sony-takes-23b-controlling-stake-in-emi.html]
- Author: Bruce Houghton
- Tags: Major Labels, Music Business, Songwriting & Music Publishing, album, Alibaba Group, Anna Wintour, Apple Inc., Ariana Grande, Drake (musician), EMI, Met Gala, Pharrell Williams, Sony, The Tonight Show Starring Jimmy Fallon, YouTube, #wp, #wp-post, #Import 2026-01-21 10:05

[![EMI](http://hypebot.typepad.com/.a/6a00d83451b36c69e20224df348c00200b-200wi "EMI")](http://hypebot.typepad.com/.a/6a00d83451b36c69e20224df348c00200b-popup?ref=hypebot.com)With a check for $2.3 billion, Sony has become the world's largest music publisher. The deal adds a catalog of more than two million songs from EMI Music Publishing, including hits ranging from Queen to Pharrell Williams to Sony's already massive 2.3 million track repertoire. [![Sony Corp_Logo](http://hypebot.typepad.com/.a/6a00d83451b36c69e20224df348bf5200b-200wi "Sony Corp_Logo")](http://hypebot.typepad.com/.a/6a00d83451b36c69e20224df348bf5200b-popup?ref=hypebot.com)The EMI investment is the first major move by new Sony CEO Kenichiro Yoshida. Sony, like fellow corporate giant Vivendi, is enjoying a music industry resurgence fueled by revenue from streaming. The deal with Abu Dhabi-based investment firm Mubadala increases Sony's stake in EMI from 30% to about 90%."We are thrilled to bring EMI Music Publishing into the Sony family and maintain our number one position in the music publishing industry," Yoshida said in a statement. ""In the entertainment space, we are focusing on building a strong IP \[intellectual property\] portfolio, and I believe this acquisition will be a particularly significant milestone for our long-term growth."Expect more content based bets frmn the new Sony boss, who also unveiled anew strategic plan for the company. "We are a technology firm, but the technology means not only electronics but also entertainment and content-creation," said Yoshida.

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