Musical Shares Shift: Sony/ATV Music Publishing
My, how things have changed. Once the 4th largest music publishing company in the world,
Sony/ATV (Michael Jackson) Music Publishing now has the 2nd biggest share of the airplay pie.
Sony/ATV has made several new acquisitions since Marty Bandier took over as the CEO just a couple of years ago…
May 08, 2009
By Ed Christman, N.Y.
acquired the Acuff-Rose catalog (featuring classics from Hank Williams and Roy
Orbison) in 2002 for $157 million from Gaylord Entertainment.
Sony/ATV expanded its business in 2007 with
the acquisition of publisher Famous Music from Viacom. The deal was worth some
$370 million, and added 125,000 songs and sound cues to Sony/ATV’s catalog.
The growing company also scored a hit when it
acquired the catalogue of award-winning songwriters Jerry Leiber and Mike
Stoller in 2007 for some $45 million.