Sony buys EMI as part of transition strategy

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Today, CEO Kenichiro Yoshida (pictured) is expected to announce the transition from being a hardware company to becoming a company based on gaming subscriptions, software, entertainment, content and services.

Buying Mubadala’s 60% share in EMI gives Sony a 90% share of EMI which will become a subsidiary of Sony. The sale is costing Sony $ 2.3 billion.

EMI was the Beatles’ first contracted recording company  though it has never been resolved whether the band was signed up before its first hit Love Me Do.

The controversy surrounds a June 1962 studio session and whether it was test session or a recording session.

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News – Electronics Weekly

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