FIRST AIRED: May 22, 2018

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Transcript

00:00:00
>> 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.
00:00:25
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.
00:00:49
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.