>> Sony has became the world's biggest music publisher after signing a deal to gain control of publishing giant EMI. This means the Japanese titan now has a catalog of over 2 million tracks from artists such as Beyonce, Kanye West, Alicia Keys and Calvin Harris. The $2.3 Billion deal is part of new CEO Kenichiro Yoshida's mission to revamp Sony.
He only took over in April, and he is trying to shift the company's main focus away from low-margin consumer electronics. He says the Internet may have initially caused the music business to shrink, but thanks to strong growth of fixed-price streaming services, it's now having a comeback. Similarly, earlier this month, Sony decided to beef up its content offerings.
It's bought up a 39% stake in Peanut Holdings, that's the company behind Snoopy and the Peanuts Gang cartoons which is very popular in Japan.