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Universal and Sony to Split EMI Music

6 years ago by Troy Rogers

Universal Music Group and Sony have won a bid to purchase the EMI music group for $4.1 billion dollars in a deal that will see the EMI catalogue go to Universal and publishing to Sony.

According to the Los Angeles Times, Universal Music and Sony struck a deal with Citigroup to purchase EMI Music and take control of different sectors of the EMI business. As reported, Universal will buy the EMI music catalogue for $1.9 billion while Sony takes over the EMI publishing division for $2.2 billion, which includes 1.4 million songs.

The L.A. Times elaborates that the deal needs to be approved by antitrust regulators in the United States and Europe.

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Troy Rogers

Troy Rogers began his online career in 2002 as a news writer for the popular Screenwriter's Voice website. Since then Troy has gone on to write for such outlets as The Deadbolt and UGO.com and has interviewed hundreds of celebrities and executives in a decade.