Sony/ATV Music Publishing is the successful bidder for Famous Music. The joint venture created by Sony Corp. and trusts formed by Michael Jackson, helmed by chairman/CEO Marty Bandier, acquired the publisher from Viacom.
“The depth and breadth of the catalog is what truly makes it great, and I strongly believe that the addition of the Famous catalog and its songwriters to Sony/ATV is another step in our long-range growth plans,” Bandier said in a statement. “In addition, we are pleased to be entering the production music business through Famous’ Extreme division. Extreme’s valuable creative team and unique business model will be a terrific complement to our cor music publishing business.”
Famous, the music publishing arm of Paramount Pictures, includes 125,000 songs with such hits as “Moon River,” “Take My Breath Away” and “Footloose.”
It also includes movie themes from Braveheart, The Godfather, Forrest Gump and Mission Impossible. Contemporary hits include songs by Shakira, Linda Perry, Akon and Daniel Powter.
“This is a milestone event for Sony/ATV Music Publishing,” said Michael Jackson. “The diverse collection of songs in this catalog range from timeless classics to contemporary hits, and I am pleased to add the acquisition of Famous Music to Sony/ATV.”
Check Billboard.biz for updated information and details on the sale.