According to a report from "Bloomberg", anonymous sources confirmed that EMI Music Publishing is actually up for sale. And that's not all: EMI Music Publishing shareholder Mubadala Investment Co. is, reportedly, actively seeking a valuation of at least $4bn for the outfit.
Bloomberg writes that Sony Corp has already held preliminary talks with Mubadala in order to acquire the company - this happened ahead of a formal sale process which is permitted to begin from the end of June. But Mubadala is believed to have contacted other potential buyers, including entertainment and financial groups.
As "Music Business Worldwide" explained, Mubadala is part of a consortium which owns 60% of EMI Music Publishing (with Jynwel Capital, the Blackstone Group’s GSO Capital Partners LP and David Geffen) and is believed to be exercising an option which would either see Sony acquire its holding, or allow a sale of the company elsewhere.
Sony Corp is believed to own nearly 40% of EMI Music Publishing today, and – via Sony/ATV – is the company’s current global admin partner. Indeed Sony originally acquired 30% of EMI as part of the consortium in the 2012 deal, with the Michael Jackson Estate picking up the remaining 10%).
A lot of artists today are just victims, not having control, and they're not free. And that's patheticWho said it? >
Please immediately report the presence on Rockol of any images not belonging to the above categories: we shall rapidly verify and proceed to immediately removing them in case of any unproper use.