Sony Corp (6758.T)
TOKYO Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services.
* Gaming profit expected to fall over next three years (Write through with value of EMI and Peanuts deal)
HONG KONG (Reuters Breakingviews) - Sony is loudly demonstrating its love of content. On Tuesday, the Japanese electronics and entertainment group said it would buy majority control of EMI Music Publishing. Sony tightens its grip on a two-million-song catalogue spanning Queen to Kanye West - and the $4.8 billion deal leaves no room to doubt new boss Kenichiro Yoshida’s belief in the industry’s recovery.
May 22 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
TOKYO, May 22 Sony Corp said on Tuesday it would pay about $2.3 billion to raise its stake in EMI Music Publishing to about 90 percent, resulting in a valuation gain of about 100 billion yen ($900 million).
TOKYO Japan Display Inc aims to nearly double its automotive display sales in five years to lessen its dependence on Apple Inc and other smartphone makers, a senior executive said on Thursday.
TOKYO, May 17 Japan Display Inc aims to nearly double its automotive display sales in five years to lessen its dependence on Apple Inc and other smartphone makers, a senior executive said on Thursday.
* 2017/18 net loss 247.2 bln yen vs market view 222 bln yen loss
* Says DHX Media Ltd and Sony Music Entertainment (Japan) Inc.(SMEJ) announce today that they have entered into a definitive agreement whereby SMEJ will indirectly purchase 49 percent of DHX Media's 80 percent interest in Peanuts Holdings LLC for $185 million (about 20.4 billion yen), subject to customary working capital adjustments
* SAYS ALL OF SINCLAIR'S ABC, CBS, FOX, NBC AFFILIATED STATIONS REMOVED FROM SONY'S PLAYSTATION VUE PLATFORM