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© Thomson Reuters 2018.Sony to become world's No. 1 music publisher with $2.3 billion EMI deal
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© Thomson Reuters 2018.
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gogogo
wanderlust: seriously? You never heard of Sony music or Colombia movies (owned by Sony)?
sourpuss
a sound idea
Wakarimasen
Genius. another overpriced Japan overseas acquisition that only gives me more confidence that we are almost the top of global equity markets.
econstats
The move makes good sense. The reason that Sony bought EMI is the US government change the law. Streaming services have to pay more to publishers. The US government issued a ruling that streaming services must increase the portion of their revenue they share with songwriters and music publishers from the previous 10.5% rate up to 15.1%. That means that sony will pick up 1 5% on every song.
lostrune2
Sony is doing this because they're refocusing towards content subscriptions while slowly getting out of consumer commodities:
https://www.gizmodo.com.au/2018/05/sony-please-dont-give-up-on-gadgets/
Mezane
Toshiba Part II
wanderlust
So Sony has decided that it is now an entertainment company, and no longer a maker of things, which form just a small part of its business now.
talaraedokko
I never listen to music and rarely watch TV or movies, so this doesn’t bother me, but I don’t like anything concentrated in a few, much less one hand. Monopoly!
Watch prices go up. Look at what happened when Microsoft bought Skype. Ads. Difficult to use on some iPhones, etc. Control. Market is cornered. We got you where we want you.
Enjoy your entertainment.
Ganbare Japan!
Excellent news. I am really happy to read this. Sony will be Number 1 in the world, and is going from strength to strength, taking advantage of economic boom in Japan and Abenomics policies.