Sony
have recently reported a loss of time and have committed substantial reduction
in the number of employees in several divisions. But it does not affect the
subsidiary of Sony Music that is. The Sony Music has just spent money of $ 2.2
billion to buy EMI's music publishing business.
The company has the right to access about 3
million songs from famous singers such as Adele, Jay-Z, Frank Sinatra and other
singers who are under the flag of EMI. This purchase will be reported to Sony
as the world's largest music publisher, but it will not affect the recording
company EMI label because it has a different limitation or entity. Sony is in
the crisis?
source
teknoup
Tag :
sony
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