Sony Group to Acquire Brazilian Label Som Livre
Tokyo, April 2 (Jiji Press)
Sony Group Corp. <6758>
said Friday it will acquire Brazilian music company Som Livre for some 28 billion yen through U.S. affiliate Sony Music Entertainment.
Through the deal, the Japanese electronics and entertainment giant
aims to tap growing demand in the music market of the South American country, which has been expanding thanks in part to subscription services.
JIJI PRESS
https://jen.jiji.com/jc/i?g=ind&k=2021040200874
Sony Music Entertainment to Acquire Brazilian Independent Music Company
Som Livre Som Livre to Remain Stand-Alone Creative Center
Agreement Expands SME’s Investment in Brazilian Creative Community, Provides Enhanced Global Reach Opportunities for Local Artists New York,
NY – April 1, 2021– Sony Music Entertainment (SME)
today announced it has entered into a definitive agreement with Globo Comunicação E Participações S.A. to acquire Brazilian independent music company Som Livre.
Sony Music