Chief executive Roger Faxon is one of 30 to 40 staffers to lose their jobs as a Sony/ATV-led consortium integrates the two companies. As expected, layoffs have begun at EMI Music Publishing, in the wake of the completion of the company’s acquisition by a Sony Corp. of America-led consortium on June 29. At that close … Continue reading
Sony to Cut 326 EMI Publishing Jobs After Purchase Closes – Bloomberg Sony Corp. (6758) plans to cut 326 jobs at EMI Publishing within two years after U.S. and European regulators approve its $2.2 billion acquisition of the U.K. music company… Source: via Sony to Cut 326 EMI Publishing Jobs After Purchase Closes – Bloomberg. … Continue reading
The European Commission is expected to issue a ruling on Thursday in one of the music industry’s biggest deals in the past decade: Sony’s proposed $2.2 billion takeover of EMI Music Publishing. In public, Sony has said little about the deal, except to soothe fears that the combined company might dominate the lucrative publishing industry. … Continue reading