Sony acquired majority interest in EMI Music Publishing from Mubadala Investment in enterprise value of $4.75bn. EMI Music Publishing owns or administers over two million songs that include classics by Queen, Carole King and the Motown catalog along with contemporary songs from Kanye West, Alicia Keys, Drake, Sam Smith, Pink, Pharrell Williams, Calvin Harris, Fetty Wap, Hozier and Sia. “We are thrilled to bring EMI Music Publishing fully into the Sony family and maintain our number one position in the music publishing industry. I would also like to convey my gratitude to Mubadala, our equity partner in EMI Music Publishing, for sharing our long-term perspective on the potential success of music publishing and their support as we grew the business. The music business has resurged over the past couple of years, driven largely by the rise of paid subscription based streaming services. In the entertainment space, we are focusing on building a strong IP portfolio, and I believe this acquisition will be a particularly significant milestone for our long-term growth.” Kenichiro Yoshida, Sony Corporation President and CEO.