News Topic: SONY
According to reports, the EU regulatory authorities have just issued a statement approving Sony's $2.2 billion acquisition of EMI Music Publishing. With this, the biggest obstacle to the acquisition has been cleared, and Sony will now own the world's largest music library.
EMI, a British record giant with a history of over a century, is one of the world's largest music publishing companies, owning 13 million music copyrights and countless big-name artists.
60% of EMI employees to be laid off
According to The New York Times, after Sony's acquisition is successful, it will lay off 60% of EMI's employees (around 300 people), which will save the company $70 million in annual expenses.
Home to countless big-name artists
Among the original four major record companies, EMI is the most 'authentic.' Warner, Sony, and Universal are all external forces that entered the music industry through capital operations, while EMI was born for music from the beginning and has produced 'heroes' over the years, owning countless big-name artists.
EMI's historical stars include The Beatles, The Rolling Stones, Pink Floyd, Blur, Radiohead, Coldplay, Spice Girls, etc.; in the Chinese-speaking regions, they include Faye Wong, Na Ying, Tao Chushu, Sandy Lam, A-Mei, Jeff Chang, Zhang Yu, Jolin Tsai, Rene Liu, Stanley Huang, Valen Hsu, Rene Liu, Qi Yu, Shunzi, and others. It can truly be called a 'music empire.'
